Patent ID: 8290870

Claim:
A personal portable electronic device enabling a creditor to transfer a monetary or other amount, the personal portable device comprising: a near-field wireless communication module; a central processing unit; and a memory module, the memory module storing a program executed by the central processing unit to perform the steps of: receiving via said near-field wireless communication module from a personal portable electronic entity of a debitor a secure message including information for authenticating said debitor and said monetary or other amount; creating a transaction request including data linked to said monetary or other amount; transmitting from the near-field wireless communication module of the creditor a confirmation indication to the near-field wireless communication module of the debitor in response to the receiving the secure message and the creating the transaction request; and sending from the near-field wireless communication module of the creditor said transaction request to a third party computer system via a communication network, the sending of said transaction request being deferred in the absence of connection to said third party computer system, wherein the transmitting the confirmation indication is carried out one of prior to the sending said transaction request; simultaneous to the sending said transaction request; and after the sending of said transaction request, wherein the transaction is effected after the transmitting the confirmation indication.