Patent ID: 9471914
Filing Date: 2016-10-18
CPC Classification: G06F,G06Q,G16H,G16Z,H04L

Claim Text:
1. A method of conducting a secure transaction, comprising: receiving, by a transaction service provider server, a plurality of keys generated by an electronic transaction facility from a handheld electronic transaction device configured with the electronic transaction facility; issuing, by the transaction service provider server, a first one-time activation code (OTAC) to a user of the handheld electronic transaction device; authenticating the handheld device and associating the handheld device with the user based on the first OTAC being entered by the user into the handheld device during a registration process with the transaction service provider server, wherein the first OTAC is received via the handheld device by the transaction service provider as part of a message that includes the plurality of keys; associating the configured electronic transaction facility with at least one account of a plurality of the user's accounts registered with the transaction service provider; updating, by the transaction service provider server, the electronic transaction facility with credentials of a service provider of a plurality of service providers, and forwarding credentials of the electronic transaction facility to the service provider, thereby providing secure communication directly between the user and the service provider; and authenticating, by the service provider, the electronic transaction facility by verifying a second OTAC received by the service provider directly from the handheld device after being encrypted by the handheld device using the credentials of the service provider, wherein prior to the authenticating the second OTAC is sent from the service provider to the user.