Methods and apparatus for conducting electronic transactions

An article of manufacture including a non-transitory computer readable medium having instructions stored thereon that, in response to execution by a transaction security server, cause the security server to perform operations comprising:

• creating, by the security server, a challenge in response to a logon request from a user device;
• forwarding, by the security server, the challenge to the user device, wherein an intelligent token generates a challenge response based on the challenge and the user device sends the challenge response to the security server;
• receiving, by the security server, the challenge response;
• verifying, by the security server, the intelligent token based upon the challenge response;
• assembling, by the security server, credentials associated with the user device, wherein the credentials comprise a key;
• providing, by the security server, at least a portion of the assembled credentials to the user device;
• receiving, by the security server, an authentication request, wherein the authentication request includes the portion of the assembled credentials;
• validating, by the security server, the portion of the assembled credentials with the key;
• and
• initiating, by the security server and in response to the validating, a transaction session for use with a transaction service.

A system comprising:

• a non-transitory memory communicating with a transaction security server comprising a processor,
• the memory having instructions stored thereon that, in response to execution by the processor, cause the processor to perform operations comprising:
• creating, by the processor, a challenge in response to a logon request from a user device;
• forwarding, by the processor, the challenge to the user device, wherein an intelligent token generates a challenge response based on the challenge and the user device sends the challenge response to the security server;
• receiving, by the processor, the challenge response;
• verifying, by the processor, the intelligent token based upon the challenge response;
• assembling, by the processor, credentials associated with the user device, wherein the credentials comprise a key;
• providing, by the processor, at least a portion of the assembled credentials to the user device;
• receiving, by the processor, an authentication request, wherein the authentication request includes the portion of the assembled credentials;
• validating, by the processor, the portion of the assembled credentials with the key;
• and
• initiating, by the processor and in response to the validating, a transaction session for use with a transaction service.