SharePoint 2010 install on Windows 7 throws error on Secure store services click in Central Administration

Error:
Unrecognized attribute 'allowInsecureTransport'. Note that attribute names are case-sensitive. (C:\Program Files\Common Files\Microsoft Shared\Web Server Extensions\14\WebClients\SecurityToken\client.config line 41)

Solution to this error is to download a patch from https://connect.microsoft.com/VisualStudio/Downloads/DownloadDetails.aspx?DownloadID=23806  (Windows6.1-KB976462-v2-x64.msu).
Install the downloaded patch on the SharePoint server and restart the server.