A method executed by a processor may include storing account activity data in a database which identifies prior account activities performed by customers in their respective accounts associated with a financial institution. The database may be accessible only by computing systems of the financial institution. A set of challenge questions may be received for authenticating customers to perform high-risk activities in their respective accounts that are based on prior account activities. A machine learning model may be used to determine an authentication score used for ranking each challenge question in the set of challenge questions. An electronic request may be received from an unverified customer who desires to perform high-risk activities in an account. Challenge questions may be selected based on the ranking. The unverified customer may be verified when correctly answering the selected challenge questions. The verified customer may be allowed to perform high-risk activities in the account.

Embodiments of devices, systems and processes for substantially simultaneous payment verification using multi-factor authentication are described. A system may include a user payment system (UPS), a point of sale system (POS) communicatively coupled to the user payment system, and an issuing bank system (IBK) communicatively coupled to at least the POS. The IBK system may include an IBK hardware processor configured to execute first non-transient computer executable instructions including instructions for establishing a direct connection between the IBK and the UPS. The instructions may also include those for communicating, using the direct connection, a query to the UPS, receiving a first response, from the UPS, to the query, and based, upon the first response, determining whether to approve a given transaction. The direct connection may use a 5G wireless link. The query may be communicated to substantially simultaneously with receipt of a request to approve the given transaction.

A payment system for managing electronic receipts of a payment terminal. The payment terminal includes a communication subsystem including a Near Field Communication (NFC) subsystem, a memory, and a processor configured to: complete a purchase transaction, establish, through the communication subsystem, a NFC session, and transmit, through the NFC session, receipt data of a receipt for the purchase transaction. The payment system includes a wireless communication device configured to establish, with the payment terminal, the NFC session, receive, from the payment terminal, receipt data of a receipt of a purchase transaction through the NFC session; and store the receipt data in memory.

An information processing apparatus includes a memory storing, in an associated form, a unit of authentication and multi-step authentication corresponding to the unit and one or more processors configured to, when a type of the authentication of an authentication step in the multi-step authentication is to be set, display a unit of the type serving as a setting target on a display in a manner such that the unit of the type serving as the setting target is selectable.

Novel modular smart management devices in the form of drop safes include the modular components of a chassis, door and technology cabinet. The drop safes enable retailers to make cash deposits quickly and safely within or near their own facilities. Various technology, including RFID readers, RFID tags, and other equipment allow the drop safes to identify each deposited bag. Employees utilize specialized apps on their mobile devices to facilitate deposit creation and other tasks. Novel methodologies for accessing the drop safes for emptying employ single-use, time-expiration type authorization codes along with other security measures to minimize risk and to provide other benefits. Novel structures along with methodologies for replacing, on-site, modular components with auto-detection of functionality during initialization and re-initialization enables for efficient replacement and upgrading of components, including the upgrading of safes to provide additional functionality.

A payment two-dimensional code secure payment method and system without two-step authentication. The method comprises the following steps: by means of a payment application, producing a first payment two-dimensional code and a second payment two-dimensional code, and alternately displaying the first payment two-dimensional code and the second payment two-dimensional code; respectively identifying the first payment two-dimensional code and the second payment two-dimensional code to acquire complete payment information; sending the complete payment information to a payment centre for verification; when verification is successful, the payment is complete. The present method effectively avoids the property loss incurred by users due to scanning of payment two-dimensional code pictures, and increases payment security.

A method for performing a card-to-card direct contactless transaction between a first active stored-value smart card (“SVSC”) and a second active SVSC, each comprising an active near-field communication (“NFC”) reader. The method may include activating the first active SVSC by receiving input of a personal identification number (“PIN”) on a keypad located on the first active SVSC, verifying the PIN and further receiving input of a transaction amount on the keypad. The method may further include initiating a wireless NFC communication to perform the transaction by positioning the first active SVSC within a pre-determined distance to the second active SVSC and confirming accuracy of each of the first and second active SVSC using the active NFC reader to retrieve card ID data and confirm accuracy. Following confirming, the method may include directly completing the transaction between the first active SVSC and the second active SVSC.

A first user terminal used by a first user is configured to transmit a request for acquiring a settlement token to a first settlement server managed by a first settlement service provider available to the first user. The first settlement server generates a settlement token associated with a first service provider identifier for identifying the first settlement service provider and is configured to transmit the settlement token to the first user terminal. The first user terminal is configured to display a settlement code generated on the basis of the settlement token. A second user terminal registered in a second settlement server managed by a second settlement service provider different from the first settlement service provider is configured to transmit settlement information including a settlement token and a settlement price obtained by reading the settlement code to a relay server. The relay server acquires the first service provider identifier associated with the settlement token. The relay server is configured to transmit the settlement token to the first settlement sever generating the settlement token.

Described herein is a network apparatus with secure element and related systems, methods, and apparatuses. A described method includes receiving a request to perform a transaction. The method also includes obtaining confirmation that a network address associated with the request corresponds to a registered physical address. The method further includes obtaining account data and conducting a transaction using the account data.

Systems and methods for processing transactions using a digital payment platform.