Abstract: Provided is a secure universal electronic transaction card-based payment system. The system provides consumers the ability to conveniently, securely and safely use a single physical universal electronic transaction card (universal smartcard or smartcard), in a standard ISO-7810 credit card form factor that will be accepted at any standard POS device. A multiplicity of transaction account numbers, applets and or tokens are stored in a secure element from which the consumer can transact from any of their credit, debit, pre-paid, club access cards, gift cards, rewards and loyalty cards accounts, using either, Mag Stripe, EMV, or NFC at existing POS terminals.

Abstract: The present disclosure relates generally to the field of providing a computer-implemented system and method that provides a secure universal electronic transaction card-based payment system. The system provides consumers the ability to conveniently, securely and safely use a single physical universal electronic transaction card, in a standard ISO-7810 credit card form factor that will be accepted at any standard POS device. A multiplicity of transaction account numbers, applets and or tokens are stored in a secure element from which the consumer can transact from any of their credit, debit, pre-paid, club access cards, gift cards, rewards and loyalty cards accounts, using either, Mag Stripe, EMV, or NFC at existing POS terminals, in such a way that only the legitimate owner of the electronic transaction card can activate, provision and unlock the electronic transaction card for use via biometric identification.