SECURE TRANSACTION PROCESSING THROUGH WEARABLE DEVICE

摘要

Systems and methods are disclosed for provisioning resources from a first user account to a second user and wearable device for use in a secure transaction. The system may include an electronic payment system having an account for a first user who may allocate funds to a second user's wearable device for utilization in an electronic payment transaction. The recipient and the recipient's device are authenticated to the electronic payment system. The first user may establish automated allocation rules for funding the second user's device and restrictions on the use of the funds. The wearable device may be a bracelet including a sensing element detecting when the recipient is wearing the device, a secure element storing authentication information and a transaction module facilitating the secure transaction and disabling the bracelet when the sensing element detects the bracelet is not properly secured to the recipient.