STRATOS

Cards with integrated circuits; electronic and magnetic ID cards for use in connection with payment for services; encoded electronic chip cards containing programming used to conduct financial transactions and serve as a form of identification; magnetically encoded charge cards; magnetically encoded credit cards; magnetically encoded debit cards; magnetically encoded gift cards; magnetically encoded identity cards; multifunctional electronic device for recording and transmitting data regarding payment information in the nature of payment time, date, and location, including the position, direction, and specific GPS-based location of the payment transaction