Patent ID: 7802719

Claim:
A portable device for conducting a transaction from an account associated with the portable device, the portable device comprising: a communication system for communicating with a transaction system of a receiving entity; a user interface; and a memory storing account information for each of a plurality of accounts; a transaction application, the transaction application: applying at least one predetermined selection rule to the plurality of accounts to determine a selected subset of the plurality of accounts; displaying a plurality of transaction option indicators, each of the plurality of transaction option indicators representing a one of the selected subset of the plurality of accounts, wherein the plurality of transaction option indicators are displayed in a priority order, the priority order being determined by the transaction application applying at least one predetermined sort rule to the selected subset of the plurality of accounts; obtaining user selection of a selected at least one of the transaction option indicators; and driving the communication system to exchange data with the transaction system of the receiving entity to initiate a transaction with the receiving entity utilizing a transaction account associated with the selected at least one of the transaction option indicators.