MERCHANT TOKENIZATION MIGRATION INFRASTRUCTURE SYSTEM

摘要

Embodiments of the invention are directed to a system, method, or computer program product for payment vehicle agnostic payment tokenization. In this way, the invention provides a means for a user to use a token for a transaction at a merchant without the merchant making infrastructural changes. The token may be specifically coded for merchant recognition and identification that the merchant's infrastructure is not capable of processing the received token. Instead of declining the transaction, code is implemented into the token that the merchant recognizes and routes the token to the invention infrastructure for authorization. The infrastructure then correlates the token to the appropriate account and finalizing authorization and payment routing based on the correlation.

主权项

1. A system for tokenization migration, the system comprising:
a memory device with non-transitory computer-readable program code stored thereon; a communication device; a processing device operatively coupled to the memory device and the communication device within a distributive network for the approval, wherein the processing device is configured to execute the computer-readable program code to:
generate a token specific infrastructure, wherein the infrastructure includes routing and payment processing applications;receive, via a distributive network, a request from a user device for a token to be communicated to and implemented in a payment vehicle;code the token, based on the request, to be compatible with the infrastructure, wherein the token includes code for merchant routing instructions to the infrastructure and user qualifications for the token;send the token to the user device via a secure communicable link and store the token on the payment vehicle;identify the token being pushed from the payment vehicle to a merchant system as part of a transaction;retrieve, based on the identification of the token being pushed to the merchant system, the token;correlate the token to a stored account number associated with a payment account;apply the token to the infrastructure and processing a payment via the payment processing application for authorization of the transaction; andcommunicate approved payment authorization processing to the merchant and the user to allow completion of the transaction.