Patent ID: 8165961
Filing Date: 2012-04-24
Classification: G06Q,G07F

Abstract:
1. A portable electronic device, comprising: a contactless communication interface configured to transmit payment information to a point-of-sale (POS) terminal to complete a payment transaction; an input component configured to receive control inputs; an electronic wallet comprising one or more payment cards, wherein the electronic wallet has first, second, and third user configured levels of electronic wallet security for providing payment information to complete a transaction when the portable electronic device is active; and a processor configured to execute instructions of the electronic wallet to provide payment information to complete the payment transaction based on a current level of user configured electronic wallet security, wherein responsive to the electronic wallet being configured by a user for the first level of electronic wallet security or responsive to a first initialization of the electronic wallet, the processor executes the electronic wallet at the first level of electronic wallet security and promotes sending payment information to the POS terminal via the contactless communication interface by launching the electronic wallet and requiring the PIN to complete the payment transaction, wherein responsive to the electronic wallet being configured by the user for the second level of electronic wallet security, the processor executes the electronic wallet at the second level of electronic wallet security and promotes sending payment information to the POS terminal via the contactless communication interface by launching the electronic wallet without requiring the PIN to complete the payment transaction, and wherein responsive to the electronic wallet being configured by the user for the third level of electronic wallet security, the processor executes the electronic wallet at the third level of electronic wallet security and promotes sending payment information to the POS terminal via the contactless communication interface without requiring a PIN and without launching the electronic wallet to complete the payment transaction.