Patent ID: 9697512
Date: 2017-07-04
CPC Classifications: G06F,G06Q,G16H,G16Z,H04L

Claim:
1. A method of conducting a secure transaction, comprising: receiving, at a transaction service facility server, a plurality of keys generated by an electronic transaction facility from a handheld electronic transaction device configured with the electronic transaction facility that comprises an application that emulates visual attributes of a physical wallet item while providing an electronic wallet capability; receiving at the transaction service facility server a message from the handheld electronic transaction device, the message including a portion of the plurality of keys and a first one-time activation code (OTAC) issued from the transaction service facility server to a user of the handheld device, wherein the OTAC is input to the handheld device during a registration process with the transaction service facility server; authenticating with the transaction service facility server the electronic transaction facility based on the received message; forwarding by the transaction service facility server a key exchange request from the electronic transaction device to at least one of a plurality of service providers and sending back a response to the electronic transaction device from the at least one of the service providers wherein the key exchange request has already been encrypted by the electronic transaction facility using a second one-time activation code that has been issued directly by the service provider to the user via at least one of email or land mail ; and in response to a user opting to avail a service of one of the plurality of service providers: