Front end transaction system

A customizable front-end transaction system (FETS) [100] comprising of:

• FETS/Global front end transaction system (GFETS) network [149];
• one or more FETS(s)/GFETS(s) [130] [131] [132] [133];
• issuer system [150];
• acquirer system [151];
• one or more transaction switch(s) [164];
• one or more physical point(s) [162];
• and
• one or more virtual point(s) [160],
• wherein the FETS includes third party FETS [133], acquirer FETS [132], issuer FETS [131], GFETS [130], and consumer/user FETS [101],
• wherein the system is customized and configured by the user/consumer according to their needs,
• wherein the consumer/user connects to the issuer FETS [131], third party FETS [133], FETS [142], acquirer FETS [132], and GFETS [143] in the FETS/GFETS Networks [149] via wired or wireless communication networks [120] [121] [140] [141],
• wherein the consumer/user login to their account issuer over the Internet or via private networks using a portable device to access their FETS, and
• wherein the FETS [131] [132] [133] automatically generates a transaction message (TM) each time a transaction is processed by the FETS [131] [132] [133], said TM messages are exchanged locally within the FETS [131] [132] [133] and with other FETS over the networks thereby eliminating the need to use physical card to gain access to automated teller machines (ATMs) and other financial and non-financial services.