Patent ID: 8229852

Claim:
A method of conducting a transaction comprising: receiving a PIN or password to unlock a portable wireless device; receiving a selection of an account from a plurality of accounts displayed on the portable wireless device; in response to receiving the selection of the account, sending a request for and receiving a pseudo account identifier that corresponds to a consumer's account identifier associated with the selected account at the portable wireless device, wherein the pseudo account identifier was previously generated by a remote server computer and was previously sent over a first network prior to receiving the pseudo account identifier, wherein the pseudo account identifier was generated in response to the selection of the account by the consumer without additional input from the consumer and wherein generation of the pseudo account identifier by the remote server computer and retrieval of the pseudo account identifier by the portable wireless device are transparent to the consumer, wherein the consumer is unaware that the pseudo account identifier was generated by the remote server computer and was received at the portable wireless device; and providing the pseudo account identifier to an access device comprising a reader, wherein the access device is at a merchant and wherein the access device thereafter sends an authorization request message comprising the pseudo account identifier to a payment processing network comprising the remote server computer over a second network, wherein the payment processing network converts the pseudo account identifier in the authorization request message back to the consumer's account identifier and forwards the authorization request message to an issuer of the selected account, wherein the issuer thereafter sends an authorization response message, and wherein the access device thereafter receives the authorization response message from the issuer via the payment processing network, wherein the authorization response message indicates if the transaction is approved or not approved; wherein the first network is a communications network and the second network is a transaction processing network, wherein the pseudo account identifier is transmitted from an RF communications element in the portable wireless device to the access device, and wherein the pseudo account identifier is received from the remote server computer via a long range communications element in the portable wireless device.