Systems and methods for proxy card and/or wallet redemption card transactions

A secure proxy card transaction system comprising:

• a proxy card comprising authentication information, wherein the proxy card comprises a smart chip, wherein the smart chip is configured to receive payment information from the electronic wallet, send the payment information to a rewritable magnetic stripe via an interface, and wherein the interface is configured to write the payment information including an electronic wallet-generated virtual stored value number for the proxy card to the rewritable magnetic stripe;
• the electronic wallet associated with the proxy card;
• and
• an electronic wallet-generated virtual stored value number for the proxy card, wherein the virtual stored value number enables access to a payment instrument in the electronic wallet for providing payment to complete a purchase transaction, and wherein the authentication information enables association of the proxy card with the electronic wallet and wherein the association of the electronic wallet with the proxy card secures access to the electronic wallet when the proxy card is presented at a point of sale.

A wallet redemption card comprising:

• a rewriteable magnetic stripe;
• a smart chip;
• a wireless communicator operably connected to the smart chip;
• and
• an interface operably connected between the rewriteable magnetic stripe and the smart chip;
• wherein the smart chip is configured to receive payment information via the wireless communicator, wherein the smart chip comprises a memory, wherein the smart chip is configured to write the payment information to the memory, wherein the smart chip is configured to read the written payment information from the memory, wherein the smart chip is configured to erase the payment information from the memory;
• wherein the smart chip is configured to send the payment information to the rewriteable magnetic stripe via the interface, wherein the interface is configured to write the payment information to the rewriteable magnetic stripe.