The Payment Token Card (PayTC™) brings a new dimension to online credit card purchases, with its unique features that encompass simplicity and security:

• Widespread interface familiar to all users.  The PayTC™ uses the Universal Serial Bus (USB) available on all personal computers.
• Physical device.  By encapsulating sensitive data in a physical device, the PayTC™ gives users physical control of and confidence in the security of the solution.
• User password.  Access to the PayTC™ data is password secured; multiple password attempts will disable the device.
• Encryption.  All sensitive user information is encrypted in the PayTC™.  Only the credit card issuer can decrypt the credit information.
• Registration and activation.  The user must register and activate the device before use.
• Deactivation. If stolen the PayTC™ can be deactivated by the issuer if fraudulent activity is suspected.
• Mobility.  As a USB device the PayTC™ is portable and able to be used worldwide.
• Security.  All transactions need three components:  something you have (the PayTC™), something you know (the password) and something you need (the PayTC™ interface).

The PayTC™ benefits include:

• Transformation of the "No Card Present"/NCP environment into a secure environment with non-repudiation of the transaction.
• Greatly reduced online fraud
• Increased confidence for existing online consumers
• A truly secure user experience to lure new online buyers
• Easy to use "Plug and Pay" with just three simple components: PayTC™, USB port, browser.