Low friction bank selection and checkout method

A method, comprising:

• receiving transaction data comprising a unique identifier and device characteristics of a user device, the transaction data provided to a merchant during an online transaction;
• correlating the unique identifier to a primary account number (“PAN”) associated with a user account by:
• determining that the unique identifier corresponds to identification information associated with the user account;
• and
• verifying that the device characteristics of the user device correspond to the identification information;
• transmitting an electronic verification message comprising a one-time pin to the user device;
• receiving an electronic response message indicating that the user device entered a pin input matching the one-time pin;
• transmitting a virtual card number obfuscating the PAN, wherein the virtual card number is a proxy of the PAN;
• and
• initiating a transfer of funds from the user account to the merchant using the virtual card number.

A system comprising:

• a memory;
• and
• at least one processor coupled to the memory and configured to:
• receive transaction data comprising a unique identifier and device characteristics of a user device, the transaction data provided to a merchant during an online transaction;
• correlate the unique identifier to a primary account number (“PAN”) associated with a user account by:
• determining that the unique identifier corresponds to identification information associated with the user account;
• and
• verifying that the device characteristics of the user device correspond to the identification information;
• transmit an electronic verification message comprising a one-time pin to the user device;
• receive an electronic response message indicating that the user device entered a pin input matching the one-time pin;
• transmit a virtual card number obfuscating the PAN, wherein the virtual card number is a proxy of the PAN;
• and
• initiate a transfer of funds from the user account to the merchant using the virtual card number.

A non-transitory computer-readable device having instructions stored thereon that, when executed by at least one computing device, cause the at least one computing device to perform operations, the operations comprising:

• receiving transaction data comprising a unique identifier and device characteristics of a user device, the transaction data provided to a merchant during an online transaction;
• correlating the unique identifier to a primary account number (“PAN”) associated with a user account by:
• determining that the unique identifier corresponds to identification information associated with the user account;
• and
• verifying that the device characteristics of the user device correspond to the identification information;
• transmitting an electronic verification message comprising a one-time pin to the user device;
• receiving an electronic response message indicating that the user device entered a pin input matching the one-time pin;
• transmitting a virtual card number obfuscating the PAN, wherein the virtual card number is a proxy of the PAN;
• and
• initiating a transfer of funds from the user account to the merchant using the virtual card number.