Method for securely storing and forwarding payment transactions

A system comprising:

• a processor;
• and
• computer-readable medium coupled to the processor and having instructions stored thereon, which, when executed by the processor, cause the processor to perform operations comprising:
• receiving transaction data for the payment transaction, where the transaction data includes at least card track data;
• encrypting the transaction data at the data processing apparatus using an encryption key of a cryptographic key pair to generate encrypted transaction data, where the cryptographic key pair includes the encryption key and a decryption key;
• storing a plurality of copies of the encrypted transaction data in a plurality of storage devices;
• receiving an instruction to submit the transaction data for processing;
• decrypting the encrypted transaction data using the decryption key;
• and
• submitting the transaction data for processing to an issuer.

A computer-readable medium having instructions stored thereon, which, when executed by a processor, cause the processor to perform operations comprising:

• receiving transaction data for the payment transaction, where the transaction data includes at least card track data;
• encrypting the transaction data at the data processing apparatus using an encryption key of a cryptographic key pair to generate encrypted transaction data, where the cryptographic key pair includes the encryption key and a decryption key;
• storing a plurality of copies of the encrypted transaction data in a plurality of storage devices;
• receiving an instruction to submit the transaction data for processing;
• decrypting the encrypted transaction data using the decryption key;
• and
• submitting the transaction data for processing to an issuer.