Patent ID: 8352323

Claim:
A method for conducting an online payment transaction through a point of sale terminal connected to a merchant online processor, the method comprising: receiving a request, through a point of sale terminal, from a user selecting one or more items for purchase from a merchant portal; receiving, through a the point of sale terminal, a request from the user to purchase the items; receiving, at the point of sale terminal, payment credentials corresponding to a default payment method stored in a memory of a secure element during a wireless data transmission through a communication channel with the secure element, the secure element maintaining a secure element application in a secure element memory which is executed by the secure element processor in response to the secure element processor being activated in response to a near field communication trigger by the point-of-sale terminal; wherein the secure element is coupled to a hand-held mobile device comprising a mobile device memory, a mobile device processor that executes a mobile application, and a mobile device transceiver; and completing the payment transaction with the merchant online processor.