A system has been developed which employs a Smart Card which is approximately the size and shape of an ordinary credit card that an individual can carry in their wallet. It contains a Smart Card chip or similar information storage device which contains information by which the person may be identified. It also contains financial information so the user can make purchases and receive credits. Wireless technologies are employed to provide communication between the Smart Card and a card reader. This card can be used in place of chips or coins in casinos and for on-line wagering.