Patent ID: 9135620
Filing Date: 2015-09-15
Classification: G06Q,H04L,H04W

Abstract:
1. A mobile device comprising: one or more processors and memory, the mobile device configured to: store sensitive data in memory, the sensitive data being usable for satisfying a debt extant on a point of sale mechanism; detect the point of sale mechanism in a vicinity of the mobile device, search for a secure token device in response to detecting the point of sale mechanism in the vicinity of the mobile device, the secure token device including a root key for unlocking the sensitive data stored in the mobile device, detect the secure token device in the vicinity of the mobile device, and release electronic funds and satisfy the debt extant on the point of sale mechanism based on detecting the secure token device, wherein the mobile device releases the electronic funds to satisfy the debt extant on the point of sale mechanism upon receiving the root key from the secure token device and without receiving any authentication information inputted by a user.