Systems and methods for processing cardless transactions

A system for processing a cardless transaction, comprising:

• one or more memory devices storing instructions;
• and
• one or more processors configured to execute the instructions to:
• identify, at a server comprising the one or more processors, each of a mobile device and a transaction device via a scanning, by a user of the mobile device, of an identifier displayed on the transaction device, and based on the identifying, establish a communicative connection between the mobile device, the transaction device, and the server;
• receive, at the server, user credentials from the mobile device;
• determine, at the server, one or more accounts associated with the user credentials;
• transmit, from the server, account information for each of the one or more accounts associated with the user credentials to the mobile device;
• receive, at the server, a selected account from the mobile device, the selected account being selected by the user from the one or more accounts associated with the user credentials;
• determine, at the server, a substitute value corresponding to the selected account, the substitute value being a first string generated during a registration of the selected account, the substitute value representing an account number of the selected account, the substitute value being distinct from the account number of the selected account;
• generate, at the server, a token associated with the user credentials, the token comprising a second string representing the user credentials;
• and
• transmit a transaction request to the transaction device from the server, wherein the account number of the selected account and the user credentials are not communicated to the transaction device, the transaction device being configured to:
• determine the account information of the selected account using the substitute value;
• verify the user credentials using the dynamic token;
• and
• transmit the account information of the selected account and one or more transaction parameters to a payment network.

A computer-implemented method for processing a cardless transaction, comprising:

• identifying, at a server, each of a mobile device and an transaction device via a scanning, by a user of the mobile device, of an identifier displayed on the transaction device, and based on the identifying, establishing a communicative connection between the mobile device, the transaction device, and the server;
• receiving, at the server, user credentials from the mobile device;
• determining, via the server, one or more accounts associated with the user credentials;
• transmitting, via the server, account information for each of the one or more accounts associated with the user credentials to the mobile device;
• receiving, at the server, a selected account from the mobile device, the selected account being selected by the user from the one or more accounts associated with the user credentials;
• determining, via the server, a substitute value corresponding to the selected account, the substitute value being a first string generated during a registration of the selected account, the substitute value representing an account number of the selected account, the substitute value being distinct from the account number of the selected account;
• generating, via the server, a token associated with the user credentials, the token comprising a second string representing the user credentials;
• and
• transmitting, to the transaction device, a transaction request from the server, wherein the account number of the selected account and the user credentials are not communicated to the transaction device, the transaction device being configured for:
• determining the account information of the selected account using the substitute value;
• verifying the user credentials using the dynamic token;
• and
• transmitting the account information of the selected account and one or more transaction parameters to a payment network.