US 11,144,902 B2 · Dynamic account selection

Abstract

Embodiments automatically select one of the multiple pre-generated payment cards provisioned on a mobile device. The multiple pre-generated payment cards (real or virtual) may each have a different credit limit. The mobile device may automatically select one of the multiple payment cards based on a transaction value of a transaction that is being conducted. An available credit limit of the selected payment card may be equal to or slightly greater than the transaction value. In some embodiments, the available credit limit of the selected payment card may be closer to the transaction value than the available credit limits of the remaining payment cards. In some embodiments, the different payment cards may be provisioned in a chip-and-pin based smart credit card or mobile wallet.

Claims19

Dependent claims

A method comprising:

storing, at a secure memory element of a payment device, information about a plurality of payment accounts thereby provisioning the plurality of payment accounts on the payment device;
communicating, by the payment device, with an access device of a merchant to conduct a transaction;
receiving, by the payment device, a transaction value from the access device;
comparing, by the payment device, the transaction value to a plurality of available limits associated with the plurality of payment accounts;
automatically selecting, by the payment device, a selected payment account among the plurality of payment accounts based on an available limit associated with the selected payment account being higher than the transaction value by a predetermined amount;
and
providing, by the payment device, payment account data associated with the selected payment account to the access device.

4 more elements

Dependencies are inferred from the claim text.

Dynamic account selection

Life of this patent

Dynamic account selection

Life of this patent

Abstract

Claims19