Systems and methods for smart card online purchase authentication

A computing system for authenticating a transaction, the computing system comprising:

• an issuer network logic structured to cause an issuing of a smart card to a user, the smart card configured to generate a cryptogram and provide the cryptogram to a user device of the user via a first wireless communication between the user device and the smart card;
• and
• an authentication logic structured to:
• receive an authentication request regarding the transaction from a third-party computing system via a network, wherein the authentication request comprises:
• an authentication code from the user device, the authentication code including the cryptogram;
• and
• payment information regarding a payment card;
• authenticate the transaction by:
• decoding the authentication code to reveal information and the cryptogram, the information comprising card information associated with the smart card;
• validating the cryptogram by determining that the cryptogram was generated by the smart card;
• and
• verifying that the payment card is the smart card by determining that the payment information at least partially matches the card information;
• and
• transmit, based on authenticating the transaction, an authentication approval for the transaction.

A non-transitory computer readable media having computer-executable instructions stored therein that, when executed by a computing system, causes the computing system to perform operations to authenticate a transaction, the operations comprising:

• receiving, from a third-party computing system, an authentication request regarding the transaction, wherein the authentication request comprises:
• an authentication code from a user device of a user, the authentication code including a cryptogram generated by a smart card and provided to the user device by the smart card via a first wireless communication between the user device and the smart card;
• and
• payment information regarding a payment card;
• authenticating the transaction by:
• decoding the authentication code to reveal information and the cryptogram, the information comprising card information associated with the smart card;
• validating the cryptogram by determining that the cryptogram was generated by the smart card;
• and
• verifying that the payment card is the smart card by determining that the payment information matches the card information associated with the smart card;
• and
• transmitting, based on authenticating the transaction, an authentication approval for the transaction.