System, apparatus, device, method and/or computer program product are disclosed for making a payment by a customer to a merchant using a peer-to-peer (P2P) payment identification of the customer for a commercial transaction between the merchant and the customer. Embodiments herein provide security protection to the merchant by not revealing a P2P payment identification of the merchant to the customer. A payment request including a customer-facing merchant identification to identify the merchant to the customer is sent to the customer, where the customer-facing merchant identification is different from the P2P payment identification of the merchant. The system is further integrated with a merchant server and the P2P payment system to fulfill the payment to the merchant, to track a status of the payment request, and to determine a status of the commercial transaction between the merchant and the customer.

Methods and systems are presented for identifying different users who share a user account with an online service provider and dynamically processing transactions for the user account differently based on which user initiates the transaction request. In some embodiments, an account decomposition system may decompose the user account into distinct users who share the user account. The account decomposition system may identify different users who are sharing a user account by analyzing past transactions associated with the user account and different user devices that were used to conduct the past transactions. The account decomposition system may determine different user profiles for the different users, and may use the different user profiles to process incoming transaction requests initiated by different users of the user account.

A computer system is provided that communicates with a distributed blockchain computing system that includes multiple computing nodes. The exchange stores an order book and a plurality of digital wallets associated with different clients. The computer system receives new data transaction requests that are added to the order book. A match is identified between data transaction requests and hashes associated with the digital wallets associated with the respective data transaction requests are generated. The counterparties receive the hashes of the other party along with information on the match and each party causes blockchain transactions to be added to the blockchain of the blockchain computing system. The computing system then monitors the blockchain to determine if both sides of the match has been added to the blockchain.

A method of performing a payment transaction employing a two-factor authentication mechanism. In an embodiment, a user device operated by a user during a payment transaction engages in cryptographic processing with a cryptographic function having a secret key encoded therein. The cryptographic function is stored in a storage device of the user device, and the secret key serves as a first authentication factor. The method also includes the user device utilizing a second authentication factor, which was implemented using only software security techniques, in performing the payment transaction.

The present invention relates to system and method for authorizing a transaction using user data collected from third-party websites/applications/sources, such as social media networks. In operation, collected user data may be compared to a financial data or user data collected during a transaction to identify potential fraud and/or other discrepancies, confirming the identity of the user with a greater degree of accuracy and/or imposing purchase parameters.

A network configured to perform a method of controlling transactions thereon is described. The network includes a first set of nodes, a second set of nodes, a server, a first agent, and a second agent. The server originates a transactional record. The first agent is receives a request to execute a transaction defined by the transactional record. At least one node of the second set of nodes validates, at least in part, the transaction, and decides a first result and a second result related to completeness and correctness, respectively, of data related to the transaction. The first agent queries, to the second agent, the first result and/or the second result, and permits the request to execute the transaction based, at least in part, on the first result and/or the second result.

Technologies for managing payment authorization request messaging for payment transactions include a transaction management controller for receiving a transaction amount for a payment transaction from a business management engine and payment card data for the payment transaction from a point of interaction device. The transaction management controller inserts the transaction amount and the payment card data into a payment authorization request message, which is transmitted to a payment network. A payment authorization response message is received from the payment network and transmitted by the transaction management controller to the business management engine. Other embodiments are described and claimed.

Systems, methods, apparatus, processes, computer program code and means for conducting transactions are described which allow a first party to a transaction to identify a second party to a transaction.

Disclosed are a method and apparatus for processing an account of a blockchain network. The method includes: obtaining an account transaction request associated with a chain account, wherein, the chain account belongs to the blockchain; obtaining an account smart contract from the account transaction request, and writing the account smart contract into a block, wherein, the account smart contract is configured to perform operation on a chain element in the chain account when executed.

Systems and methods for authenticating parties and transactions are described herein. The systems and methods may be part of an information wallet system. The information wallet system or a separate authentication system in communication with the information wallet system may facilitate verification and/or authentication of the parties. In one embodiment, the authentication system includes an authentication server configured to receive an authentication request from a first party to authenticate a second party. The authentication server is further configured to transmit an information request the second party. The authentication server is configured to receive second party information and to configured to compare the second party information with a verified second party information. The authentication server is configured to transmit an authentication result to the first party device.