System and device for consolidating SIM, personal token, and associated applications for selecting a transaction settlement entity

A smart card device for providing wireless network and secure personal token features to a communication device, said smart card device comprising:

• a Network Access and Credential Verification (NACV) module for storing a plurality of transaction instrument profiles;
• an interface element for receiving a selection of a first transaction instrument profile from said plurality of transaction instrument profiles;
• a processor element in communication with said NACV module and said interface element,
• wherein said processor element is configured to transmit a first payment entity parameter stored within said first transaction instrument profile to a gateway server to facilitate a transaction;
• receive a first confirmation from said gateway server based on said transaction;
• and transmit a second payment entity parameter stored in a second transaction instrument profile to said gateway server;
• wherein at least one of said first confirmation or a second confirmation includes a payment entity identifier;
• wherein said payment entity identifier corresponds to an entity responsible for transferring a monetary sum to a recipient of said transaction;
• wherein the Network Access and Credential Verification (NACV) module facilitates electronic transactions between the smart card device and a NACV server in the wireless network, the NACV module a uses a short-message peer-to-peer (SMPP) browser to present details of the transactions;
• wherein a Single-Wire Protocol (SWP) provides a direct interface between the NACV module and a short-range radio in the communication device, wherein the short-range radio is one of a Near Field Communication (NFC) or Bluetooth.