Authenticated secure online and offline transactions

A system comprising:

• a processor,
• a tangible, non-transitory memory configured to communicate with the processor,
• the tangible, non-transitory memory having instructions stored thereon that, in response to execution by the processor, cause the processor to perform operations comprising:
• implementing a customer defined generation control associated with a parent transaction account, wherein the customer defined generation control indicates a generation control condition that authorizes an electronic payment token to be generated by a customer and transmitted to a customer mobile device, wherein the generation control condition comprises at least one of a date range or a date horizon control;
• receiving a request to generate the electronic payment token from at least one of an issuer web app or an issuer native app, wherein the request comprises at least an identification of the parent transaction account of the customer and a monetary value of the electronic payment token;
• verifying that the generation control condition has been satisfied;
• generating, via a tokenization engine, the electronic payment token in response to the request to generate the electronic payment token, wherein the electronic payment token comprises a token identification (ID), wherein generating the electronic payment token further comprises storing an expanded set of token controls comprising customer defined authorization control as token data and associating the token data to the electronic payment token based on the token ID;
• and
• transmitting, via the tokenization engine, the electronic payment token to the customer mobile device responsive to the generation control condition being verified as being satisfied.

An article of manufacture including a non-transitory, tangible computer readable storage medium having instructions stored thereon that, in response to execution by a computer based system, cause the computer based system to perform operations comprising:

• implementing a customer defined generation control associated with a parent transaction account, wherein the customer defined generation control indicates a generation control condition that authorizes an electronic payment token be generated by a customer and transmitted to a customer mobile device, wherein the generation control condition comprises at least one of a date range or a date horizon control;
• receiving a request to generate the electronic payment token from at least one of an issuer web app or an issuer native app, wherein the request comprises at least an identification of the parent transaction account of the customer and a monetary value of the electronic payment token;
• verifying that the generation control condition has been satisfied;
• generating, via a tokenization engine, the electronic payment token in response to the request to generate the electronic payment token, wherein the electronic payment token comprises a token identification (ID), wherein generating the electronic payment token further comprises storing an expanded set of token controls comprising customer defined authorization control as token data and associating the token data to the electronic payment token based on the token ID;
• and
• transmitting, via the tokenization engine, the electronic payment token to the customer mobile device responsive to the generation control condition being verified as being satisfied.