Systems and methods for mobile wallet payments
Systems and methods for mobile wallet payments are disclosed. In one embodiment, in an information processing apparatus comprising at least one computer processor, a method for conducting a payment using an electronic wallet may include: (1) a mobile application receiving a selection of an alternate payment currency; the mobile application receiving a payment payload from an issuer; the mobile application providing the selection of the alternate payment currency and an identifier to the issuer; and the mobile application providing the payment payload and the identifier to a merchant host. The merchant host may communicate the identifier to the issuer, and the issuer may identify selection of the alternate payment currency based on the identifier.
1. A method for conducting a payment using an electronic wallet, comprising:
receiving, by an issuer mobile wallet application executed by a mobile electronic device, a selection of a pay with points option associated with a financial instrument for a transaction with a merchant;
communicating, by the issuer mobile wallet application, the selection of the pay with points option and a request for a payment payload for the financial instrument to an issuer backend for the issuer mobile wallet application over a first communication network;
receiving, by the issuer mobile wallet application, the payment payload in an optical machine-readable form from the issuer backend over the first communication network; and
communicating, by the issuer mobile wallet application the payment payload and the selection of the pay with points option to a merchant host;
wherein the merchant host is configured to enter the selection of the pay with points option into a Customer End Data (CED) field in a transaction authorization request for the transaction and communicates the transaction authorization request to the issuer backend over a second communication network;
wherein the issuer backend is configured to identify the selection of the pay with points option for the transaction based on the CED field.
2. The method of claim 1 , wherein the payment payload comprises a cryptogram.
3. The method of claim 1 , wherein the mobile wallet application comprises a third party application, and the mobile wallet application is authenticated with the issuer using a Software Developer Kit (“SDK”) or an Application Programmable Interface (“API”).
4. The method of claim 1 , wherein the selection of the pay with points option for the transaction is retrieved from a customer profile.
5. The method of claim 1 , wherein the selection of the pay with points option for the transaction is based on a prior selection in a prior transaction.
6. A system, comprising:
an electronic device comprising a computer processor and a memory storing a mobile wallet application;
a merchant host;
an issuer wallet backend; and
an issuer;
wherein the mobile wallet application is configured to:
receive a selection of a pay with points option associated with a financial instrument for a transaction with a merchant;
communicate the selection of the pay with points option and a request for a payment payload for the financial instrument to an issuer backend for the issuer mobile wallet application over a first communication network;
receive the payment payload in an optical machine-readable form from the issuer backend over the first communication network; and
communicate the payment payload and the selection of the pay with points option to a merchant host;
wherein the merchant host is configured to enter the selection of the pay with points option into a Customer End Data (CED) field in a transaction authorization request for the transaction[N] and communicates the transaction authorization request to the issuer backend over a second communication network; and
wherein the issuer backend is configured to identify the selection of the pay with points option for the transaction based on the CED field.
7. The system of claim 6 , wherein the payment payload comprises a cryptogram.
8. The system of claim 6 , wherein the mobile wallet application comprises a third party application, and the mobile wallet application is authenticated with the issuer using a Software Developer Kit (“SDK”) or an Application Programmable Interface (“API”).
9. The system of claim 6 , wherein the selection of the pay with points option for the transaction is retrieved from a customer profile.
10. The system of claim 6 , wherein the selection of the pay with points option for the transaction is based on a prior selection in a prior transaction.