Patent ID: 8417631

Claim:
An apparatus, comprising: a memory; a processor disposed in communication with said memory, and configured to issue a plurality of processing instructions stored in the memory, wherein the processor issues instructions to: send a funds request message from said handset to a bank system that controls an account of said user, said funds request message including a load value and a funding account identifier that identifies said account of said user; send a funds response message from said bank system to said handset indicating an approval to debit said user account by said load value; send a load request message from said handset to an issuer system, said load request message including a first cryptographic signature, wherein said first cryptographic signature is generated using a first cryptographic key shared between said smart card and an issuer of said smart card; validate said first cryptographic signature by said issuer system and authenticating said smart card; send a load response message from said issuer system to said handset including a second cryptographic signature, wherein said second cryptographic signature is generated using a second cryptographic key shared between said smart card and said issuer of said smart card; validate, by said smart card, said second cryptographic signature; and load said load value into a stored-value application of said smart card.