System and Method for Securely Provisioning and Generating One-Time-Passwords in a Remote Device

A secure processor such as a TPM generates one-time-passwords used to authenticate a communication device to a service provider. In some embodiments the TPM maintains one-time-password data and performs the one-time-password algorithm within a secure boundary associated with the TPM. In some embodiments the TPM generates one-time-password data structures and associated parent keys and manages the parent keys in the same manner it manages standard TPM keys.