Patent ID: 6886741

Claim:
A method for a cardholder to effectuate a purchase transaction with a vendor for a transaction amount utilizing a universal card and at least one data source being selected from the group consisting of debit/credit grantors, health data and sources, identification records, civil and police, banks and brokers, voter registrar, libraries, census and contracts, the method comprising: obtaining identification of the cardholder from the universal card, the universal card being issued by a transaction card processing center and allowing the cardholder to select a transaction payment method for effectuating the transaction; obtaining from the cardholder the transaction payment method to be used for the purchase transaction; determining if there are multiple accounts that can be used for the transaction payment method obtained from the cardholder; if there are multiple accounts that can be used for the transaction payment method, obtaining an account identification from the cardholder to be used for the purchase transaction; transmitting a purchase authorization request to the transaction card processing center, the purchase authorization request comprising the identification of the cardholder, the transaction amount, the transaction payment method, and the account identification if required; receiving from the transaction card processing center a purchase authorization status; selectively accessing information from the data source in response to the purchase authorization status: if the purchase authorization status is an authorized status, completing the purchase transaction for the cardholder using the transaction payment method and providing the information accessed from the data source; sending a transaction complete message to the transaction card processing center; recording the purchase transaction and the information accessed from the data source on a database being selected from the group consisting of an individual cardholder database, an individual vendor database, a health database, an individual security database, an individual financial database, a civic database, an information database, a general database, an individual credit score database, and a domain detail database; selectively displaying for the cardholder a display of the transaction completed with the universal card, the display being accessible from the transaction card processing center and accessing the database whereon the transaction has been recorded for displaying the transaction recorded on the database; and selectively printing the transaction presented on the display in response to utilizing a printer being in communication with the display.