SYSTEM AND METHOD FOR PRE-PROVISIONED WEARABLE CONTACTLESS PAYMENTS

摘要

Systems and methods may comprise RFID data acquisition technology which may be embedded in a fob or tag for use in completing financial transactions. This fob may a self-contained device which includes a transponder and which may be contained on any portable form factor. For instance, the tag may be housed in a wearable transaction instrument, such as an activity tracker. The tag is configured to be used in concert with an RFID reader device.

主权项

1. A method comprising:
pre-provisioning, by a computer based system for transmitting information, an alias code onto a secure chip; transmitting, by the computer based system, a secure chip identifier (ID) of the secure chip and an alias code association to a transaction account issuer after pre-provisioning is assigned; embedding, by the computer based system, the secure chip into a wearable form factor; and storing, by the computer based system, at least one of the secure chip ID or the alias code in a memory housed in the wearable form factor,
wherein a native application of the wearable form factor is utilized by a user,wherein the native application of the wearable form factor detects and reads the secure chip ID from the wearable form factor microprocessor memory, andwherein the native application transmits at least one of the secure chip ID or the alias code to at least one of a transaction issuer or a transaction processor application passively.