Patent ID: 7200577

Claim:
An online transaction method comprising the steps of: registering, by a user, to a merchant through a wallet service by providing said user's personal and credit card information, wherein said step of registering at a site of said merchant further comprises the steps of: starting, by said user, to add a credit card to said wallet; said wallet contacting a credit card issuer over a network and checking whether said credit card issuer provides online enrollment of additional online authentication; said wallet asking said user to opt into online credit card authentication from said credit card issuer; performing a step from a group of steps consisting of: storing said credit card into said wallet when said user does not opt in; and notifying said credit card issuer when the user does opt in; the user providing a first level authentication to said merchant when said user logs on to start a transaction; shopping, by said user, at a site of said merchant; starting check out from said site of said merchant; entering, by said user, a level-two authentication password; authenticating, by said wallet, said user using said level-two authentication password; and completing check out at said site of said merchant using a credit card enrolled in said wallet.