The invention comprises systems, methods and computer program products for implementing a payment wallet based electronic payment transaction. The invention comprises (i) receiving from a wallet application a payment amount, a payment wallet account associated with a payor, and a payee account, (ii) identifying a plurality of payment accounts associated with the identified payment wallet account, (iii) for each identified payment account, retrieving from a corresponding issuer server, information identifying available funds in said payment account, (iv) transmitting account information corresponding to one or more of the identified payment accounts to the client terminal, (v) receiving from the client terminal, input identifying a selected payment account from among the identified payment accounts, and (vi) transmitting to an issuer network associated with the selected payment account, a payment initiation request for effecting payment of the payment amount from the selected payment account to the payee account.

A smart payment device is issued to a user; the device is capable of both offline and online transactions and has a total available balance split. The split is between an available offline balance and an available online balance. It is determined whether the user has entered a primarily offline environment or will imminently enter a primarily offline environment. If this is so, the total available balance split is redistributed to favor offline transactions.

A method for authorization of a blockchain transaction includes: storing account profiles, each profile including an account identifier, fiat amount, and blockchain amount; receiving a transaction message, the transaction message being formatted based on transaction message standards and including a first data element that includes a specific account identifier and a second data element reserved for private use that includes a network identifier and transaction amount; identifying a specific account profile that includes the specific account identifier; identifying a risk value based on the transaction amount and at least one of: the fiat amount and blockchain amount; determining authorization of a transaction based on the identified risk value; modifying the transaction message based on the authorization determination; and transmitting the modified transaction message.

Provided is a virtual currency remittance method that causes a second computer connected to a first computer including a state DB that manages account discrimination information and balance information related to virtual currency relevant to an account discriminated by the account discrimination information, and remittable account discrimination information, and a blockchain that manages transaction information including first account discrimination information, second account discrimination information, and a sum of virtual currency to be remitted from an account discriminated by the first account discrimination information to an account discriminated by the second account discrimination information.

Systems, methods, and computer-readable storage media configured to facilitate execution of transactions via a money transfer network are disclosed. During execution of the transactions, tokenized identity information may be utilized when exchanging transaction data between geographically distributed nodes of the money transfer network and the transactions are recorded to a distributed ledger maintained by the nodes. Smart contracts may be utilized to digitally sign transactions at various stages of transaction processing, such as at different stages of regulatory compliance validation and to authenticate the validity of the requested transaction (e.g., prevent double-spends). Utilizing tokenized identity information may reduce the likelihood that personally identifiable information (PII data) is obtained by or inadvertently provided to unauthorized third parties or systems. Additionally, the distributed ledger may record information in immutable records, thereby increasing the reliability and trustworthiness (e.g., for auditing purposes) of the data stored on the distributed ledger.

Systems and methods are disclosed for automating digital asset transfers based on historical transactions. In one implementation, a notification corresponding to a first transaction or operation associated with a first entity is received. Based on the notification, a second transaction or operation is initiated with respect to one or more digital tokens. One or more digital tokens are received in response to the second transaction. At least one of the one or more digital tokens, as secured via one or more cryptographic keys, is stored in a wallet associated with the first entity.

The purpose of the present invention is to enhance user convenience by combining stored value type and server management type payment systems. A portable terminal 5 stores a terminal-side value balance in the portable terminal, and an electronic money server 2 stores a server-side value balance related to the terminal-side value balance. At the time of payment, the portable terminal 5 connects to the electronic money server 2 via a payment terminal 6 or the Internet 3. Then, if payment can be made by using the server-side value balance, the electronic money server 2 makes payment by using the server-side value balance; if the server-side value balance is not enough and there is a shortfall, the electronic money server 2 adds an amount corresponding to the shortfall by subtracting the amount from the terminal-side value balance.

According to some aspects of the disclosure, an electronic ID device is configured to allow a user to select an account associated with the user to employ in a transaction. The electronic ID device comprises a biometric sensor configured to receive a biometric input provided by the user, a user interface configured to receive a user input, a communication interface configured to communicate with a secure registry, wherein the communication interface includes a near field communication transceiver, and a processor coupled to the biometric sensor to receive information concerning the biometric input.

Techniques are disclosed utilizing cognitive computing to improve commercial communications from vendors to users. A user's financial account(s) and location may be monitored to determine when a user is within a threshold distance of a vendor. If the user is within the threshold distance the methods and systems disclosed may determine which targeted commercial communications to transmit to the user based upon a shopping profile for the user. The shopping profile may include a dataset indicative of the shopping habits of the user.

Systems and methods for facilitating banking transactions at a point of sale device are disclosed. In one embodiment, in an information processing apparatus for a financial institution comprising at least one computer processor, a method for facilitating banking transactions at a third-party point of transaction device may include: (1) receiving, from a computer application executed by a customer electronic device, a request for a code to conduct a remote banking transaction with an account associated with the customer at the financial institution; (2) generating the code; (3) providing the code to the customer; (4) receiving, from a payment enabler, a banking transaction request from a third party comprising the code and a transaction amount for the banking transaction; and (5) updating a balance for the account based on the transaction amount.