Multi-function transaction card
A multi-function transaction card may determine whether to submit a first payment as a passive payment device or to receive a second payment from another transaction card. The multi-function transaction card may have a length and a width that are in accordance with a standard for transaction cards. The multi-function transaction card may selectively perform a payment transaction based on determining whether to submit the first payment or to receive the second payment. The payment transaction may be performed by providing first card data to a transaction terminal for processing when the multi-function transaction card is to submit the first payment. The payment transaction may be performed by receiving second card data from the other transaction card, and processing the second card data via online data authentication, or via offline data authentication, when the multi-function transaction card is to receive the second payment.
1. A transaction card, comprising:
a host controller;
a wireless interface element;
a near field communication (NFC) element;
a secure element, communicatively coupled to the host controller and the NFC element, and comprising:
one or more memories; and
one or more processors communicatively coupled to the one or more memories; and
a card body having dimensions that are in accordance with a standard for payment cards,
the host controller being configured to:
receive, from a user device associated with a merchant, an instruction to initialize a card reading functionality;
the NFC element being configured to:
receive, from a transaction terminal associated with the merchant, a request to provide first data in relation to a first transaction; and
the one or more processors, of the secure element, being configured to:
cause, based on the request, the NFC element to transmit the first data to the transaction terminal;
cause, based on the card reading functionality being initialized, the NFC element to receive second data, in relation to a second transaction, from a contactless transaction card associated with a consumer;
determine whether an active connection exists between the host controller and the user device; and
when the active connection exists between the host controller and the user device, perform online data authentication by:
causing, by the secure element, the host controller to provide an instruction to the user device to send an online data authentication request to a transaction backend, associated with the transaction card or the contactless transaction card, to process the second data, and
receiving, by the secure element, return data based on the transaction backend processing the second data, or
when the active connection does not exist between the host controller and the user device, perform offline data authentication by:
using, by the secure element, one or more offline data authentication protocols to authenticate the second data from the contactless transaction card, and
storing, by the secure element, authenticated second data.
2. The transaction card of claim 1 , wherein the user device is a first NFC-enabled device and the transaction terminal is a second NFC-enable device.
3. The transaction card of claim 1 , further comprising a communication interface configured to enable communications between the host controller and the user device.
4. The transaction card of claim 1 , wherein the NFC element includes at least one of an NFC front end or an NFC controller.
5. The transaction card of claim 1 , wherein the first data or the second data includes:
information stored in a magnetic stripe.
6. The transaction card of claim 1 ,
wherein the one or more processors are further configured to:
receive a user input regarding the second transaction; and
wherein the one or more processors, when performing the offline data authentication, are configured to:
perform the offline data authentication based on receiving the user input.
7. The transaction card of claim 1 , wherein the one or more processors, when determining whether the active connection exists between the host controller and the user device, are configured to:
determine that the active connection does not exist between the host controller and the user device based on determining that the user device lacks access to a network.
8. The transaction card of claim 1 , wherein the one or more processors, when processing the second data via the online data authentication, are configured to:
cause the host controller to provide the second data to the user device for submission to the transaction backend for approval,
the transaction backend being one or more devices associated with a bank or one or more transaction card associations that facilitate a transfer of funds between an account of the consumer associated with the contactless transaction card and an account of the merchant associated with the transaction terminal.
9. The transaction card of claim 1 , wherein the one or more processors are further configured to:
receive, from a payment processor, a private key associated with the contactless transaction card; and
wherein the one or more processors, when performing the offline data authentication, are configured to:
process the second data via the offline data authentication based on receiving the private key.
10. The transaction card of claim 1 , wherein the one or more processors, when performing the offline data authentication, are configured to:
utilize one or more of static data authentication (SDA), dynamic data authentication (DDA), or application cryptogram (CDA) to verify authenticity of the contactless transaction card.
11. The transaction card of claim 1 , wherein the one or more processors are further configured to:
cause, based on the card reading functionality being initialized, the NFC element to obtain third data, in relation to a third transaction, from another device,
the other device being an NFC-enabled device.
12. The transaction card of claim 1 , wherein the transaction backend authorizes earning of rewards associated with contactless transaction card based on the second transaction.
13. The transaction card of claim 1 , wherein the second data includes one or more of:
account information, or
security information.
14. A transaction apparatus, comprising:
a main controller;
a wireless interface element;
a communication element;
a secure element, communicatively coupled to the main controller and the communication element, and comprising:
one or more memories; and
one or more processors communicatively coupled to the one or more memories; and
an enclosure having dimensions that are in accordance with a standard for payment cards,
the main controller being configured to:
receive, from a user device associated with a merchant, an instruction to initialize a card reading functionality;
the communication element being configured to:
receive from a backend contactless transaction device associated with the merchant, a request to provide first data in relation to a first transaction; and the one or more processors, of the secure element, being configured to:
cause, based on the request, the communication element to transmit the first data to the backend contactless transaction device;
cause, based on the card reading functionality being initialized, the communication element to obtain second data, in relation to a second transaction, from a contactless transaction card associated with a consumer;
determine whether an active connection exists between the main controller and the user device; and
when the active connection exists between the main controller and the user device, perform online data authentication by:
causing, by the secure element, the communication element to provide an instruction to the user device to send an online data authentication request to the backend contactless transaction device, associated with the transaction apparatus or the contactless transaction card, to process the second data, and
receiving, by the secure element, return data based on the backend contactless transaction device processing the second data, or when the active connection does not exist between the main controller and the user device, perform offline data authentication by:
using, by the secure element, one or more offline data authentication protocols to authenticate the second data from the contactless transaction card, and
storing, by the secure element, authenticated second data.
15. The transaction apparatus of claim 14 , wherein the backend contactless transaction device includes a transaction terminal and is an NFC-enabled device.
16. The transaction apparatus of claim 14 , wherein the one or more processors are further configured to:
receive, from a payment processor, a private key associated with the backend contactless transaction device; and
wherein the one or more processors, when performing the offline data authentication, are configured to:
perform the offline data authentication based on receiving the private key.