Systems, methods, and computer-readable media for facilitating a fund transfer between user accounts are provided.

In various embodiments, a system, method, and computer readable medium (collectively, the “System”) for authenticating a mobile device configured to initiate payments is provided. The System may be configured to perform operations and/or steps comprising receiving, by the processor and in a secure environment, a secret element. The secret element may be transmitted to the processor (e.g., the issuer system) via a payment terminal. The System may further comprise comparing, by the processor and in the secured environment, the secret element to an issuer element. The issuer element may be linked with a flag that is associated with the transaction account. Moreover, the issuer element may be a data module that corresponds to be is not equal to the secret element. The System may also comprise authorizing, by the processor, a transaction initiated by the mobile device in response to the comparing being a satisfactory comparison.

An actionable alert platform is provided. The platform may utilize artificial intelligence (“AI”) to formulate alert triggers that inform a user regarding unusual activity associated with a target transaction. The platform allows a user to enter customized criteria for an alert trigger and actionable responses for remediating the detected alert trigger. In response to detecting an alert trigger, the platform may formulate and transmit push notifications to a mobile device of user. The user may implement the actionable response directly from within the push notification. The platform may also provide push notifications to the user that advise on a status of the target transaction after applying the actionable response. An AI engine may generate additional alert triggers based on the criteria entered by the user. The AI engine may generate the actionable responses for any alert trigger.

Disclosed are methods and systems for provisioning payment card credentials to an Internet of Things (IoT) device that is associated with a companion application. In an embodiment, a mobile device processor displays a companion application user interface (UI) on a display screen, receives a user selection of an option to obtain payment card credentials from the companion application UI, displays a prompt for the user to provide user authentication data to the companion application, receives the user authentication data from a biometric sensor, and authenticates the user. The process next includes displaying a selection screen comprising one of an icon identifying the IoT device or an icon identifying the companion application and a list of payment card accounts, receiving a selection of a payment card account, transmitting payment account credentials of the selection to a wallet server computer, receiving a companion token from the wallet server computer, associating the companion token with the companion application, and transmitting the companion token to the IoT device associated with the companion application.

The present disclosure relates to a mobile card payment system and method, and more particularly, to a mobile card payment system and method for performing a card payment between mobile communication terminals on the basis of a phone-to-phone payment concept wherein the mobile card payment system is capable of performing a card payment by storing at least one of actual card information and virtual card information regarding normal financial cards including an actual financial card, which has a plastic solid body, and a digital financial card, in which actual card information is stored in a digital type and used, in a card-terminal-specific mobile communication terminal, setting a payment-terminal-specific mobile communication terminal as a card payment terminal, and reading the card information stored in the card-terminal-specific mobile communication terminal.

A system for a customer initiated payment transaction includes a mobile device of a customer, the mobile device including a camera wherein the mobile device is constructed to enable near-field communication (NFC), a mobile application or digital wallet installed and operated in the mobile device, a payment card of the customer having card information wherein the payment card is constructed to enable NFC, and a payment information which includes a payment amount. The merchant information includes a merchant code. The mobile application or the digital wallet of the mobile device is operative to process a payment transaction which establishes the mobile device of the customer as a point-of-sale terminal.

The crypto hardware wallet system with a secure crypto processing environment and a secure transaction authorization device. Where the secure crypto processing environment is on a single die IC with encrypted memory that holds an encrypted entry that has sensitive data. An encryptor/decryptor is coupled to the encrypted memory and decrypts the encrypted entry using an internal security mechanism. A micro controller unit coupled to the encryptor/decryptor requests and receives the sensitive data. The micro controller unit receives a request and uses the sensitive data to fulfill the request. The internal security mechanism may include an internal cryptographic key derived from a micro radiation source. The secure transaction authorization device may include a secure computing environment and a user experience device coupled to the secured computing environment via a switch. Where the secure computing environment controls whether the user experience device is communicating to the secured processing environment.

An in-application content transfer system that generates receiver identifiers to categorize a given exchange between two users. One user executes the application on their mobile device and makes use of peer-to-peer communication protocols with a neighboring mobile device, regardless of whether the neighboring device is executing the subject application. The content transfer is linked to a unique identifier of the neighboring device, which is retrieved via peer-to-peer communication.

Techniques and mechanisms for asynchronously initiating online charging triggers in mobile networks are described. A control plane gateway or “GW-C” may obtain from a mobility management entity (MME) a create session request associated with an attach request for a user equipment (UE). The GW-C may send to an online charging system (OCS) a Gy credit-control request for requesting a quota of units (e.g. a resource usage quota) associated with a subscriber of the UE. Prior to sending the Gy credit-control request or obtaining a Gy credit-control answer, the GW-C may send to the MME a create session response which prompts an attach accept or reject of the attach request. The Gy credit-control request may be sent to the OCS during an attach procedure associated with the attach request for the UE or, alternatively, in response to receiving a user data packet of the session as a notification.

Methods and apparatus for enabling a proximity payment device to generate dynamic data for securely conducting a transaction by emulating a magnetic stripe payment card. In an embodiment, a mobile device processor transmits information to a digital enablement service computer to activate a simulated magnetic stripe payment wallet application stored in the mobile device. The mobile device then receives one or more cryptographic keys, generates an unpredictable number (UN), generates dynamic CVC3 data based on the UN, and then assembles emulated magnetic stripe data. During initiation of a purchase transaction, the mobile device processor transmits the emulated magnetic stripe data to a communications interface associated with a merchant device.