An apparatus for initiating payment for one or more goods or services by using a computer under the control of software, with an attached display and input device, connected to a network for receiving and transmitting network information, comprising:
- (a) the computer under the control of software presenting on the display one or more payment instrument holders capable of holding a plurality of payment instruments;
- (b) an input device under the control of the computer under the control of software selecting a payment instrument holder;
- and
- (c) the computer under the control of software utilizing one or more parameters in the selected payment instrument holder to select a default payment instrument for use in processing payment for the one or more goods or services via the network.