Abstract: A home transaction bank card system and method is provided for cardholder/consumer purchasing using a remote location device having a browser program and connected to a public communications network to which merchant servers are connected and for payment using a standard bank issued card. The system includes a magnetic strip reader connected to the remote location device and having a point of sale (POS) identification code and configured to read customer account information from the card and to provide a signal to the communication device representing the POS identification and the customer account information and to provide authorization and verification as a card present transaction. The reader includes an electrically programmable memory by which the POS identification code is stored and periodically updated for registered cardholder communication devices.