Patent ID: 8818868

Claim:
A mobile device comprising: a positioning system device configured to determine a location of the mobile device; a first account module configured to store first account information associated with a first pre-established account, wherein the first pre-established account comprises funds denominated in a first currency; a second account module configured to store second account information associated with a second pre-established account, wherein the second pre-established account comprises funds denominated in a second currency, and wherein the second currency is different than the first currency; and a computing device processor operatively connected to the first account module and the second account module, and configured to: determine a local currency for the location of the mobile device using the positioning system device; send the first account information from the mobile device to a first transaction machine to perform a first transaction, wherein the first transaction is conducted in the first currency; and send the second account information from the mobile device to a second transaction machine to perform a second transaction, wherein the second transaction is conducted in the second currency, wherein the computing device processor is configured to automatically activate either the first account module or the second account module based on the location of the mobile device in response to the local currency being the first currency or the second currency.