Merchant account transaction processing systems and methods

A computer system, comprising:

• one or more processors coupled to machine readable storage media having instructions stored therein that, when executed by the one or more processors, cause the one or more processors to:
• receive a code generated by a mobile wallet bank computer system from a recipient, wherein the code includes a payment token that was exchanged between a POS (Point of Sale) device of a merchant and a mobile device of a payor as part of a mobile wallet transaction, wherein the code includes a unique identifier for the mobile wallet transaction initiated by the payor through a mobile wallet application on the mobile device of the payor before the code is generated;
• validate the code, comprising:
• verifying that the payment token is valid;
• decoding the payment token;
• and
• based on a portion of the payment token, determining an issuing financial institution, comprising correlating the portion of the payment token to electronic contact information regarding the issuing financial institution;
• based on the decoding of the payment token, determining an account number of an account associated with a credit card held by the payor, wherein the account number of the account associated with the credit card held by the payor is unknown to the merchant and not stored on the mobile device of the payor;
• transmit the account number to the issuing financial institution;
• and
• facilitate a transfer of funds from the account associated with the credit card of the payor to an account held by the merchant upon receiving a verification from the issuing financial institution that the payment token is valid.

A computer-implemented method for performing a transaction, comprising:

• receiving, by a messaging hub computer system, a code generated by a mobile wallet bank computer system from a recipient, wherein the code includes a payment token that was exchanged between a POS (Point of Sale) device of a merchant and a mobile device of a payor as a part of a mobile wallet transaction initiated by the payor through a mobile wallet application on the mobile device of the payor before the code is generated, wherein the code includes a unique identifier for the mobile wallet transaction, and wherein the messaging hub computer system is operated by a third party and is an intermediary for communications between and among an issuing financial institution and a financial institution associated with the recipient;
• validating, by the messaging hub computer system, the code, comprising:
• verifying that the payment token is valid;
• decoding the payment token;
• and
• based on a portion of the payment token, determining the issuing financial institution, comprising correlating the portion of the payment token to electronic contact information regarding the issuing financial institution;
• based on the decoding, by the messaging hub computer system, of the payment token, determining an account number of an account associated with a credit card held by the payor, wherein the account number of the account associated with the credit card held by the payor is unknown to the merchant and not stored on the mobile device of the payor;
• transmitting, by the messaging hub computer system, the account number to the issuing financial institution;
• and
• facilitating, by the messaging hub computer system, a transfer of funds in the transaction from the account associated with the credit card of the payor to an account held by the merchant upon receiving a verification from the issuing financial institution that the payment token is valid, wherein the funds are transferred from the account associated with the credit card of the payor to the account of the merchant without providing account information to the payor or the merchant.