System and method for authorizing a debit transaction without user authentication

A debit processing network comprising:

• a debit terminal comprising a first storage unit storing first instructions and at least one first processor coupled to the first storage unit;
• and
• a credential processing server comprising a second storage unit storing second instructions and at least one second processor coupled to the second storage unit,
• wherein the first instructions, when executed by the first processor of the debit terminal, cause the first processor to perform operations comprising:
• receiving, by the debit terminal, a first token cryptogram from a payment token interfaced with the debit terminal;
• and
• authenticating the payment token based on the first token cryptogram;
• based on authenticating the payment token, receiving a payment credential and a second token cryptogram from the payment token, the payment credential being uniquely associated with the payment token;
• and
• generating an authorization request message requesting authorization for a debit transaction initiated from the debit terminal, the authorization request message including the payment credential and the second token cryptogram;
• and wherein the credential processing server includes a payment definition database associating a plurality of payment credentials each with a respective financial account and a default payment amount, and the second instructions, when executed by the second processor of the credential processing server, cause the second processor to perform operations comprising:
• authorizing the debit transaction without confirmation of an authentication of a bearer of the payment token, wherein the authorizing comprises:
• receiving the authorization request message from the debit terminal;
• determining the financial account and the default payment amount for the debit transaction by querying the payment definition database with the received payment credential, the authorization request message excluding an indication of the determined financial account and default payment amount, and particulars of the determined financial account and default payment amount being indeterminable from only the payment credential;
• authenticating the authorization request message by determining that the second token cryptogram is based on the payment credential and a cryptographic key of the payment token;
• generating an authorization response message confirming the authorization of the debit transaction, and transmitting the authorization response message to the debit terminal, the authorization response message including the default payment amount and a response cryptogram,
• authenticating the authorization response message by confirming that the response cryptogram was generated from the payment credential and from the cryptographic key of the payment token;
• and
• dispensing funds in the default payment amount after the authenticating the authorization response message.