SECURELY GENERATING TIME AND LOCATION BOUNDED VIRTUAL TRANSACTION CARDS USING MOBILE WALLETS WITHOUT INVOLVING THIRD PARTIES OR POINT OF SALE TERMINALS

摘要

Methods and systems may provide for generating a virtual transaction card based on a card value and one or more mobile usage constraints including a time bounded policy, wherein the virtual transaction card is invalid if the time bounded policy is not satisfied. Additionally, the virtual transaction card may be transmitted to a delegate mobile device. Other mobile usage constraints, such as location bounded policies and type of transaction policies may also be used.