System and method for using dynamic tag content

A user device comprising:

• a processor, and a computer readable medium comprising code executable by the processor for performing a method comprising:
• storing a message data template comprising data fields for a counter value, a cryptogram, and a credential, the message data template being used to form a multi-record message;
• initiating an interaction with an access device;
• incrementing a counter on the user device to produce the counter value and generating the cryptogram;
• incorporating the counter value, the cryptogram and the credential into the data fields of the message data template to form the multi-record message;
• and
• transmitting the multi-record message to the access device.

A method comprising:

• initiating, by an access device, communication with a user device;
• receiving, by the access device, a multi-record message from the user device, wherein the multi-record message comprises at least a counter value, a cryptogram and a credential;
• extracting, by the access device, the counter value, the cryptogram, and the credential from the multi-record message;
• generating, by the access device, an authorization request message, wherein the authorization request message comprises at least the extracted counter value, cryptogram, and credential;
• transmitting, by the access device, the authorization request message to an authorization computer;
• and
• receiving, by the access device, an authorization response message from the authorization computer.