Systems and methods for dynamic inclusion of enhanced data in transactions

A method for conducting a mobile wallet payment with dynamic enhanced data, comprising:

• communicating, by a mobile wallet computer application for a financial instrument issuer, a mobile wallet computer application identifier for the mobile wallet computer application to a mobile payment application thereby linking the mobile wallet computer application and the mobile payment application, the mobile wallet computer application and the mobile payment application executed by a mobile electronic device for a customer;
• receiving, by the mobile wallet computer application and from the customer, a selection of a financial instrument that is provisioned to the mobile wallet computer application and an instruction to pay for a transaction with rewards points that are associated with the selected financial instrument;
• communicating, by the mobile wallet computer application, the selection of the financial instrument to the mobile payment application;
• receiving, by a backend for the financial instrument issuer comprising at least one computer processor and from the mobile wallet computer application over a first communication network at a first time, a first communication comprising the instruction;
• receiving, by the backend and from a merchant point of transaction device for a merchant over a second communication network at a second time, a second communication comprising a transaction request for the transaction that was received by the merchant point of transaction device from the mobile payment application, the transaction request comprising a unique identifier for the financial instrument;
• matching, by the backend, the first communication to the second communication in response to the first time and the second time being received within a time tolerance;
• and
• processing the transaction request according to the instruction.

A system, comprising:

• a mobile electronic device comprising a computer processor executing a mobile wallet computer application and a mobile payment application, the mobile wallet computer application having a mobile wallet computer application identifier, the mobile electronic device associated with a customer;
• and
• a backend for a financial instrument issuer comprising at least one computer processor in communication with the mobile wallet computer application over a first communication network and a merchant point of transaction device over a second communication network;
• wherein:
• the mobile wallet computer application communicates the mobile wallet computer application identifier to the mobile payment application thereby linking the mobile wallet computer application and the mobile payment application;
• the mobile wallet computer application receives, from the customer, a selection of a financial instrument and an instruction to pay for a transaction with rewards points that are associated with the selected financial instrument;
• the mobile wallet computer application communicates the selection of the financial instrument to the mobile payment application;
• the backend for the financial instrument issuer receives, from the mobile wallet computer application over a first communication network at a first time, a first communication comprising the instruction;
• the backend for the financial instrument issuer receives, from a merchant point of transaction device for a merchant over a second communication network at a second time, a second communication comprising a transaction request for the transaction that was received by the merchant point of transaction device from the mobile payment application, the transaction request comprising a unique identifier for the financial instrument;
• the backend for the financial instrument issuer matches the first communication to the second communication in response to the first time and the second time being received within a time tolerance;
• and
• the backend for a financial instrument issuer processes the transaction request according to the instruction.