Portable electronic payment security devices, systems and methods

A electronic payment security system comprising:

• a. at least two portable electronic devices in one or more of short range 2-way electronic connectivity or communication with each other;
• b. at least one of the at least two portable electronic devices being able to sense the distance between each of the electronic devices in 2-way electronic connectivity or communication with each other;
• c. an electronic payment method integrated into the at least one of the at least two portable electronic devices able to sense and respond to the distance between each of the electronic devices;
• d. the at least one of the at least two portable electronic devices being capable of connecting or communicating with a merchant payment terminal;
• and
• e. the electronic payment method being at least temporarily disabled from making a financial transaction when the at least two portable electronic devices are outside a predetermined range from each other.

2-Way portable electronic security devices comprising:

• e. at least two portable electronic devices in predetermined 2-way electronic communication or connectivity with each other;
• f. an electronic payment method authentication technology integrated into at least one of the two portable electronic devices;
• g. the at least one of the at least two portable electronic devices having the integrated payment method authentication technology transmitting a response request to any portable electronic devices in predetermined 2-way electronic communication with the at least one portable electronic device when the integrated payment method is activated on the at least one portable electronic device at a merchant payment terminal;
• and
• h. the at least one portable electronic device preventing use of the integrated payment method if no response is received from any portable electronic devices in predetermined 2-way electronic communication with the at least one portable electronic device.