SYSTEM AND METHOD OF LOADING A TRANSACTION CARD AND PROCESSING REPAYMENT ON A MOBILE DEVICE

摘要

The embodiments described herein provide in one aspect, a method of loading a transaction card account onto a mobile device, the mobile device comprising a memory and a contactless reader, the method comprising: reading, via the contactless reader, transaction card information from a physical contactless transaction card corresponding to the transaction card account; sending a retrieval message, to an issuer server, to retrieve a card security credential for the transaction card account, the retrieval message comprising the transaction card information for identifying the transaction card account at the issuer server; receiving, from the issuer server, a card security credential for the transaction card account; and storing, the transaction card information and the card security credential as a transaction card corresponding to the transaction account, on the memory of the mobile device.

主权项

1. A method of loading a transaction card account onto a mobile device, the mobile device comprising a memory and a contactless reader, the method comprising:
reading, via the contactless reader, transaction card information from a physical contactless transaction card corresponding to the transaction card account; sending a retrieval message, to an issuer server, to retrieve a card security credential for the transaction card account, the retrieval message comprising the transaction card information for identifying the transaction card account at the issuer server; receiving, from the issuer server, a card security credential for the transaction card account; storing,
the transaction card information; andthe card security credential;  as a transaction card corresponding to the transaction card account on the memory of the mobile device; transmitting to another mobile device an acknowledgement that acknowledges an amount owing to another transaction card account associated with the another mobile device; receiving an account identifier corresponding to the another transaction card account; and receiving a load amount to be loaded to the transaction card account, wherein, prior to adding the load amount to the transaction card account, the mobile device is configured to use at least a partial amount of the load amount to repay the amount owing to the another transaction card account.