SMARTPHONE BARCODE TRANSACTIONS
Systems and methods for processing payments using a dynamic security code are provided. An account authorization system may generate a plurality of dynamic security codes and transmit the plurality of dynamic security codes to a portable consumer device. The portable consumer device may generate a payment code comprising a transaction account number and a dynamic security code. A merchant may scan the payment code and transmit a transaction request to the account authorization system. The account authorization system may compare the transaction account number and dynamic security code in the transaction request to a transaction account number and dynamic security code stored in a database. The account authorization system may transmit an authorization message to the merchant.
1 . A computer-implemented method comprising:
scanning, by a portable consumer device capable of facilitating transactions, a payment code;
transmitting, by the portable consumer device, information in the payment code to an account authorization system; and
transmitting, by the portable consumer device, a first dynamic security code to the account authorization system.
2 . The method of claim 1 , further comprising deleting, by the portable consumer device, the first security code.
3 . The method of claim 1 , further comprising receiving, by the portable consumer device, a plurality of dynamic security codes from the account authorization system.
4 . The method of claim 1 , further comprising transmitting, by the portable consumer device, a transaction account number to the account authorization system.
5 . The method of claim 1 , further comprising transmitting, by the portable consumer device, an alias transaction account number to the account authorization system.
6 . The method of claim 1 , wherein the payment code is associated with a merchant point of sale device.
7 . The method of claim 1 , wherein the card authorization system establishes a communication session with a merchant point of sale device.
8 . The method of claim 1 , further comprising transmitting, by the portable consumer device, a request to reset the dynamic security codes to the account authorization system.
9 . The method of claim 1 , further comprising verifying, by the portable consumer device, verification information associated with a consumer.
10 . The method of claim 1 , further comprising storing, by the portable consumer device, a transaction account number or an alias.
11 . The method of claim 1 , wherein the payment code comprises at least one of a QR code or a barcode.
12 . The method of claim 1 , wherein the card authorization system compares a geographic location of the portable consumer device to a geographic location of a merchant point of sale device.
13 . The method of claim 1 , further comprising extracting, by the portable consumer device, a service establishment number and information identifying a specific point of sale device from the payment code.
14 . The method of claim 1 , further comprising storing, by the portable consumer device, a plurality of dynamic security codes, wherein the first dynamic security code is selected from the plurality of dynamic security codes.
15 . The method of claim 1 , further comprising receiving, by the portable consumer device, a location of a merchant point of sale device associated with the payment code.
16 . The method of claim 15 , further comprising determining, by the portable consumer device, that the portable consumer device is within a predetermined distance of the merchant point of sale device.
17 . The method of claim 1 , wherein the payment code comprises information visible on an associated transaction instrument.
18 . The method of claim 11 , wherein a merchant point of sale device transmits the first dynamic security code to the account authorization system, and wherein the account authorization system compares the first dynamic security code to a dynamic security code in a queue in the account authorization system.
19 . An article of manufacture including a non-transitory, tangible computer readable storage medium having instructions stored thereon that, in response to execution by a portable consumer device capable of facilitating transactions, cause the portable consumer device to be capable of performing operations comprising:
scanning, by the portable consumer device, a payment code;
transmitting, by the portable consumer device, information in the payment code to an account authorization system; and
transmitting, by the portable consumer device, a first dynamic security code to the account authorization system.
20 . A portable consumer device comprising:
a processor capable of facilitating transactions with a portable consumer device,
a tangible, non-transitory memory configured to communicate with the processor, the tangible, non-transitory memory having instructions stored thereon that, in response to execution by the processor, cause the processor to be capable of performing operations comprising:
scanning, by the processor, a payment code;
transmitting, by the processor, information in the payment code to an account authorization system; and
transmitting, by the processor, a first dynamic security code to the account authorization system.