Patent ID: 8280435

Claim:
A system, comprising: a portable terminal including a memory configured to be partitioned into a plurality of areas; and an interface configured to download a mobile settlement application, wherein, when executed by a processor of the portable terminal, the mobile settlement application (i) controls the portable terminal to display a user interface that receives an input personal identification number (PIN), and (ii) controls a receiver of the mobile terminal to receive authentication information from an IC chip provided on a card, the authentication information including an identification of the card; and a server configured (i) to receive from the portable terminal the card identification and the PIN, (ii) to authenticate the PIN and validate the card identification, and (iii) to transmit, when the PIN is authenticated and the card identification is validated, a command to the portable terminal instructing the mobile settlement application to execute a process to store the card identification in an area of the memory of the portable terminal exclusively accessible by a predetermined company.