System and methods for servicing electronic transactions

A method for using an electronic transaction device with a transaction service provider, comprising:

• registering the electronic transaction device with the transaction service provider;
• registering a plurality of accounts corresponding to a plurality of service institutions;
• providing a data connection between the electronic transaction device and the transaction service provider;
• creating a database of client information including personal information, account information, and transactional information;
• and
• storing account information for a plurality of service institutions in the database of client information.

A system for using an electronic transaction device having access to a network and a plurality of point of sale terminals, the electronic transaction device associated with a client and a plurality of service institution accounts, the system comprising:

• a) a plurality of service institutions coupled to a network, each service institution further coupled to the plurality of point of sale terminals.
• b) a transaction service provider having a storage medium configured to store database of client information, including personal information, account information, and transactional information associated with the client;
• c) a network port configured to communicate with a plurality of electronic transaction devices and with a plurality of service institutions;
• and
• d) a processor, configured to:
• 1) receive transactional information from the electronic transaction device associated with the client via the network port;
• 2) store transactional information received from the electronic transaction device associated with the client in the database of client information;
• 3) receive transactional information associated with the client from the plurality of service institutions via the network port;
• and
• 4) store the transactional information received from the plurality of service institutions in the database of client information.

A system for conducting and reconciling electronic transactions, comprising:

• a plurality of electronic transaction devices, each electronic transaction device having access to a network;
• a transaction service provider coupled to the network;
• a plurality of service institutions coupled to the electronic transaction device service provider;
• a plurality of point of sale terminals coupled to the plurality of service institutions, wherein each point of sale terminal provides access to the plurality of electronic transaction devices.

A method for conducting and reconciling an electronic transaction with an electronic transaction device, an electronic transaction device service provider, a service institution, and a point of sale terminal, comprising:

• conducting an electronic transaction at the point of sale terminal with the electronic transaction device;
• storing transactional information on the electronic transaction device;
• transmitting transactional information from the point of sale terminal to the service institution;
• transmitting transactional information stored on the electronic transaction device to the electronic transaction device service provider;
• coupling the electronic transaction device service provider with the service institution;
• comparing transactional information transmitted to the electronic transaction device service provider with the transactional information transmitted to the service institution.