Patent ID: 11941620
Assignee: APPLE INC.
Field: IT methods for management (Electrical engineering)
Classification: CPC G  H | IPC G  H

Claim 7:
8. A device comprising:
a secure element; and
at least one processor configured to:
generate, on the secure element of the device, credential data operative to identify a funding account of a financial institution subsystem for funding a transaction between the device and a merchant subsystem;
access transaction key data;
derive a transaction key based on the transaction key data;
transmit merchant payment data to the merchant subsystem to perform the transaction between the electronic device and the merchant subsystem, wherein the merchant payment data comprises:
at least a portion of the credential data; and
the accessed transaction key data; and

share commercial payment data with the financial institution subsystem using the transaction key to perform the transaction between the electronic device and the merchant subsystem, wherein the commercial payment data comprises at least one of:
another portion of the credential data; and
enhancer data comprising information to be used by the financial institution subsystem to enhance a risk assessment of the transaction.