Patent Number: 7,954,702

Title: Electronic fund transfer or transaction system

Abstract: A universal financial card is provided having a first memory location, which is configured to store a plurality of financial institution identifiers. The universal financial card further includes a second memory location, which is configured to store a plurality of account identifiers which are configured to represent a plurality of accounts at the plurality of financial institutions. The universal financial card next includes a third memory location, which is configured to store identification information associated with the plurality of accounts. The identification information includes at least authorized user information. A read device is included with the universal financial card and is configured to be read by a card reader and enable a financial transaction to be executed on one of the plurality of accounts identified by one of the plurality of account identifiers.

Inventors: Gatto; James G. (Great Falls, VA)

Assignee: Arigern Capital L.L.C.

International Classification: G07F 19/00 (20060101)

Expiration Date: 2019-06-07 0:00:00