Usually USB flash sticks are formated in Fat32 file-system. This has one major well-known issue: you can’t write files bigger than 2 GB.
It is also possible to format flash stick in NTFS. But this will require to install ntfs-3g driver to work on LInux and Mac OS X.
Not a big deal, but lets assume, you can’t install one. So, your choice is likely to be UDF.
Here is a step-by-step guide how to format flash stick to UDF in such way, that it’ll be readable and writable under Windows 7 and Linux.
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