1. A method for verifying a charge payment transaction subsequent to executing the charge payment transaction in a retail location, the method comprising the steps of: (a) moving a charge payment device into the retail location; (b) presenting the charge payment device at a merchant point of sale located at the retail location for performing the charge payment transaction; (c) storing a transaction record of the charge payment transaction in a transaction log within said charge payment device; (d) transmitting a report record of the charge payment transaction from the merchant point of sale to a settlement system for adding to an electronic payments report; and (e) electronically correlating said transaction log with said electronic payments report thereby checking for at least one discrepancy between said transaction log and said electronic payments report.