Patent ID: 8630905

Claim:
A secure element comprising: a secure element memory configured to maintain a near field communication application, a coupon, and transaction data; a secure element processor configured to execute the near field communication application in response to a near field communication induction based trigger from a point-of-sale terminal, wherein execution of the near field communication application operating at an application layer above a physical layer is initiated in response to the near field communication induction based trigger from the point-of-sale terminal to the secure element without communication with a mobile device, the execution of the near field communication application automatically applying the coupon during processing of a near field communication payment transaction; a secure element near field communication transceiver configured to transmit transaction data including payment credentials corresponding to a default payment mechanism to the point-of-sale terminal from the secure element without prior authentication, and wherein the secure element is coupled to the mobile device comprising a mobile device memory, a mobile device processor configured to execute a mobile device application, and a mobile device transceiver.