Integrated credit application and provisioning solution

A non-transitory, computer-readable medium storing computer-readable instructions, executable by at least one processor, to:

• receive, from a financial institution system, a first signal including a set of login credentials for a first user to access a new credit account associated with the first user;
• transmit, to the financial institution system and using a secure communication channel, a login request that includes the set of login credentials;
• in response to an indication of a successful login to the financial institution system using the set of login credentials, initiate, using the secure communication channel, a simultaneous, three-party handshake with a payment network token service and a mobile wallet application that:
• (1) authenticates the first user at the payment network token service and the mobile wallet application,
• (2) requests the payment network token service to generate a digital payment token, and
• (3) prepares the mobile wallet application to receive and store the digital payment token to be generated by the payment network token service;
• and
• receive a confirmation of completion of the simultaneous, three-party handshake, wherein upon completion of the simultaneous, three-party handshake, the payment token is generated by the payment token network service and stored within the mobile wallet application.

A computer-implemented method comprising:

• receiving, from a financial institution system, a first signal including a set of login credentials for a first user to access a new credit account associated with the first user;
• transmitting, to the financial institution system and using a secure communication channel, a login request that includes the set of login credentials;
• in response to an indication of a successful login to the financial institution system using the set of login credentials, initiating, using the secure communication channel, a simultaneous, three-party handshake with a payment network token service and a mobile wallet application that:
• (1) authenticates the first user at the payment network token service and the mobile wallet application,
• (2) requests the payment network token service to generate a digital payment token, and
• (3) prepares the mobile wallet application to receive and store the digital payment token to be generated by the payment network token service;
• and
• receiving a confirmation of completion of the simultaneous, three-party handshake, wherein upon completion of the simultaneous, three-party handshake, the payment token is generated by the payment token network service and stored within the mobile wallet application.