System and method for providing smart electronic wallet and reconfigurable transaction card thereof

A reconfigurable transaction proxy card selectively encoding at least one of a plurality of account identifiers for emulating a wallet and account-bearing transactional cards, comprising:

• a substrate;
• a transaction-terminal interface unit disposed in said substrate and selectively encoding at least an account identifier corresponding to at least one of a plurality of predetermined account-bearing transaction cards, said transaction-terminal interface unit being thereby readable in substantially identical manner as selected ones of the predetermined account-bearing transaction cards;
• a storage memory disposed in said substrate, said storage memory storing at least a secondary account information related to the account identifier;
• a controller disposed in said substrate and coupled to said storage memory, said controller selectively retrieving at least the secondary account information related to the account identifier from said storage memory;
• and,
• an electronic display disposed on said substrate and coupled to said controller and said storage memory for displaying said retrieved secondary account information relating to said account identifier corresponding to a predetermined account-bearing transaction card encoded on said transaction-terminal interface unit.

A method for electronically emulating a physical transfer of transaction cards across an online enterprise, comprising:

• establishing a smart wallet including:
• a card interface unit configured to read and write contents of transaction cards;
• a storage memory coupled to said card interface unit, said storage memory configured to store a first account token captured from at least one of a plurality of transaction cards and a second account token to be written to a reconfigurable transaction proxy card;
• and,
• a network communications unit coupled to said storage memory;
• capturing the first account token from a first transaction card via said card interface unit into said storage memory;
• transmitting the first account token to an external enterprise via said network communication unit;
• receiving the second account token from the external enterprise via said network communication unit;
• and,
• actuating said card interface unit to write the second account token onto a reconfigurable transaction proxy card, said reconfigurable transaction proxy card being thereby readable in substantially identical manner as selected ones of the plurality of transaction cards.