Systems and methods for a payment device with cardholder selected transaction preferences
A system and method for using user-selected transactions preferences stored on a payment card in a transaction includes transmitting a cold reset signal to the payment card. An answer-to-reset message is received from the payment card. The answer-to-reset message includes governing rules for performing a transaction, including user-selected transaction preferences data associated with one or more user-selected transaction preferences for performing the transaction. The process also includes receiving payment account details for a payment account associated with the payment card. A payment authorization request message is transmitted to an interchange network. The request message includes one or more data elements associated with the user-selected transaction preferences data. A payment authorization request response message is then received from the interchange network, based on the transaction preferences. One or more of the user-selected transaction preferences is then executed.
1 . A system comprising:
a payment card having a micromodule, the micromodule comprising a primary memory component storing payment account details for a payment account, a PIN associated with the payment account, and governing rules for performing a transaction, the governing rules including user-selected transaction preferences data associated with one or more user-selected transaction preferences for performing a transaction;
a point-of-sale device comprising a processor and a payment card reader/writer component, said processor programmed by computer-executable instructions to:
transmit a cold reset signal to the micromodule;
receive an answer-to-reset message from the micromodule, the answer-to-reset message including the user-selected transaction preferences data;
receive the payment account details from the micromodule;
transmit a payment authorization request message to an interchange network, the payment authorization request message including one or more data elements associated with the user-selected transaction preferences data;
receive a payment authorization request response message, based on the user-selected transaction preferences data, from the interchange network; and
execute one or more of the user-selected transaction preferences, the user-selected transaction preferences including discretionary transaction functions selected by a cardholder, including one or more of the following: receipt preferences, automatic tipping, automatic rewards redemption, “rounding up” for charity, warranty preferences, authentication preferences, and store card-on-file preferences,
wherein the payment authorization request response message is an ISO 8583 message type identifier (MTI) “0110” message,
the payment card further comprising:
a user data memory component storing the user-selected transaction preferences data; and
an electronic switch disposed between the user data memory component and a system bus of the micromodule and configured to open and close a circuit coupled to the user data memory component only when certain requirements are met, the electronic switch being actuated by a processor of the micromodule to selectively couple the user data memory component to the system bus to enable access to the user-selected transaction preferences data.
2 . The system in accordance with claim 1 ,
the payment card reader/writer component configured to receive, from the cardholder, the payment card.
3 . The system in accordance with claim 1 ,
the processor further programmed to generate the payment authorization request message, the payment authorization request message comprising an ISO 8583 message type identifier (MTI) “0100” message.
4 . The system in accordance with claim 1 ,
the processor further programmed to receive the PIN from the point-of-sale device via input into the point-of-sale device.
5 . The system in accordance with claim 1 , wherein, in receiving the user-selected transaction preferences data from the micromodule, the processor is programmed to receive the user-selected transaction preferences data from the user data memory component of the payment card.