Token validation for event processing approval

A method comprising:

• at a computing platform comprising at least one processor, a communication interface, and memory:
• generating, based on approval of a first authentication token, a second authentication token, wherein the second authentication token corresponds to a payment device of an individual, wherein the first authentication token is a received token and the second authentication token is a generated authentication token;
• send, to the payment device, the generated authentication token;
• receiving an event processing request corresponding to the payment device, wherein the generated authentication token is received along with the event processing request;
• analyzing the generated authentication token to identify whether or not the generated authentication token satisfies one or more predetermined conditions, wherein analyzing the generated authentication token to identify whether or not the generated authentication token satisfies the one or more predetermined conditions is based on identifying that a funding primary account number (FPAN) status indicates that a payment card, corresponding to the event processing request, is inactive or locked, wherein the one or more predetermined conditions comprise:
• the generated authentication token was generated based on another approved authentication token,
• the generated authentication token was generated by the computing platform, or
• the generated authentication token is associated with an enterprise of the computing platform;
• based on identifying that at least one of the one or more predetermined conditions is satisfied, executing further authentication processes for the event processing request;
• and
• based on identifying that the further authentication processes are satisfied, processing the event processing request, wherein processing the event processing request comprises processing, despite the FPAN status indicating that the payment card is inactive or locked, the event processing request;
• and
• based on identifying that none of the one or more predetermined conditions are satisfied:
• decline the event processing request, wherein the event processing request is declined based on the FPAN status of the payment card corresponding to the event processing request, and
• send, to a merchant computing device, an indication that the event processing request is declined and one or more commands directing the merchant computing device to display the indication, wherein sending the one or more commands directing the merchant computing device to display the indication causes the merchant computing device to display the indication.

One or more non-transitory computer-readable media storing instructions that, when executed by a computing platform comprising at least one processor, a communication interface, and memory, cause the computing platform to:

• generate, based on approval of a first authentication token, a second authentication token, wherein the second authentication token corresponds to a payment device of an individual, wherein the first authentication token is a received token and the second authentication token is a generated authentication token;
• send, to the payment device, the generated authentication token;
• receive an event processing request corresponding to the payment device, wherein the generated authentication token is received along with the event processing request;
• analyze the generated authentication token to identify whether or not the generated authentication token satisfies one or more predetermined conditions, wherein analyzing the generated authentication token to identify whether or not the generated authentication token satisfies the one or more predetermined conditions is based on identifying that a funding primary account number (FPAN) status indicates that a payment card, corresponding to the event processing request, is inactive or locked, wherein the one or more predetermined conditions comprise:
• the generated authentication token was generated based on another approved authentication token,
• the generated authentication token was generated by the computing platform, or
• the generated authentication token is associated with an enterprise of the computing platform;
• based on identifying that at least one of the one or more predetermined conditions is satisfied, execute further authentication processes for the event processing request;
• based on identifying that the further authentication processes are satisfied, process the event processing request, wherein processing the event processing request comprises processing, despite an FPAN status indicating that the payment card is inactive or locked, the event processing request;
• and
• based on identifying that none of the one or more predetermined conditions are satisfied:
• decline the event processing request, wherein the event processing request is declined based on the FPAN status of the payment card corresponding to the event processing request, and
• send, to a merchant computing device, an indication that the event processing request is declined and one or more commands directing the merchant computing device to display the indication, wherein sending the one or more commands directing the merchant computing device to display the indication causes the merchant computing device to display the indication.