Abstract: A payment instrument in the form of a cell phone is loaded with account information and activated as a payment instrument by reading account information from a nearby RFID device, and entering a user PIN or password. In one embodiment, the account information is read from an RFID tag provided to the user, and the password is entered on the phone keypad. In a second embodiment, the account information is read from an RFID device at an ATM or kiosk after the user inserts a card into a card reader at the ATM or kiosk and enters the password at the ATM or kiosk keypad.

Abstract: A transaction card assembly that includes a transaction card having a contactless integrated circuit that communicates with a card reader, and a sheet surrounding a transaction card and substantially coplanar with the card. The transaction card is detached from the sheet by pressing on at least a portion of the card in a direction substantially perpendicular to the sheet. Also, a punchout transaction card that includes a contactless integrated circuit that communicates with a card reader. At least a portion of an edge of the card was attached to a substantially coplanar sheet surrounding the card, and the card was detached from the sheet by pressing on at least a portion of the attached card that was substantially perpendicular to the sheet.