Patent ID: 7275685

Claim:
A system for facilitating credit card type transactions, said system including a system platform and a subscriber mobile device, said system platform acting as an intermediary between a merchant platform, a processor and said subscriber mobile device during a credit card type transaction, said subscriber mobile device having a means for a third party to initiate electronic communications to the mobile device, each merchant platform communicating electronically with said system platform during a transaction, said subscriber mobile device communicating electronically with said system platform during a credit card type transaction, where the merchant platform receives transaction information from a subscriber, said system platform receiving a portion of the transaction information electronically from the merchant platform, said system platform electronically communicating a portion of said received transaction information to said subscriber mobile device, said mobile device receiving a subscriber's selected credit card type account identifier and sending data related to said subscriber chosen credit card type account identifier to said system platform, said system platform electronically transmitting credit card type account information related to said transmitted credit card type account identifier to a processor for payment authorization, wherein said credit card type account information related to said transmitted credit card type account identifier is an encrypted credit card type account identifier where the encryption comprises storing a first portion of said credit card account type account identifier on said system platform and storing a second portion of said credit card account type account identifier on said mobile device.