Patent ID: 8429041

Claim:
A computer implemented method comprising: associating, by a computer-based system for managing data sets stored on a financial transaction instrument and a first owner, a first data set of a first format with the financial transaction instrument, wherein said first data set is owned by said first owner, before issuance of said financial transaction instrument; associating, by said computer-based system and a second owner distinct from said first owner, a second data set of a second format different than said first format, with the financial transaction instrument, wherein said second data set is owned by said second owner, after issuance of said financial transaction instrument, storing in a database, by said computer-based system, said first data set in accordance with said first format and said second data set in accordance with said second format on the financial transaction instrument, associating, by said computer-based system, a status condition header configured to indicate the following status conditions: loaded, initialized, ready, blocked, removable, and deleted with at least one of said first data set and said second data set, said status condition header indicating a status condition of said at least one of said first data set and said second data set, said status indicator further indicating access levels for modifying, deleting and accessing said at least one data set; and updating, by said computer-based system, said first data set and said second data set, wherein said updating of said first data set is based on said first owner, and said updating of said second data set is based on said second owner.