Mobile phone payment process including threshold indicator

A mobile phone comprising:

• at least one processor;
• a contactless element coupled to the processor, wherein the contactless element is configured to communicate contactlessly with an access device having a contactless reader;
• a memory coupled to the processor, wherein the memory stores a mobile application for directing the processor to:
• provide an interface for a consumer to create a request for enrollment in a balance alert program, wherein enrolling in the balance alert program allows the mobile phone to receive a balance alert message that includes a unique message identifier and an application identifier that identifies an application to be launched on the mobile phone upon receipt of the balance alert message, wherein the application identifier includes an issuer identifier, wherein the issuer identifier is used to identify an application associated with the account of the consumer;
• and
• transmit the request to an issuer associated with an account that is associated with the mobile phone.

A mobile phone comprising:

• at least one processor;
• a contactless element coupled to the processor, wherein the contactless element is configured to communicate contactlessly with an access device having a contactless reader;
• a memory coupled to the processor, wherein the memory stores instructions for directing the processor to:
• send account information, via the contactless element, to the access device during a transaction, the account information associated with an account to be used in the transaction;
• receive a balance alert message, wherein the balance alert message includes an application identifier that identifies an application associated with the account to be launched on the mobile phone upon receipt of the balance alert message, and a unique message identifier;
• and
• launch the application that is associated with the account and that provides the balance alert message to a user of the mobile phone,
• wherein the application identifier includes an issuer identifier, wherein the issuer identifier is used to identify an application associated with the account of the consumer.

A method comprising:

• initiating, by a consumer, a transaction with a mobile phone, wherein information associated with the transaction is sent to an entity associated with an account associated with a consumer and associated with the mobile phone;
• and
• receiving a balance alert message via the mobile phone when an amount associated with the transaction causes a balance of the account to surpass an account balance threshold,
• wherein the balance alert message includes a unique message identifier and an application identifier that identifies an application to be launched on the mobile phone upon receipt of the balance alert message,
• wherein the application identifier includes an issuer identifier, wherein the issuer identifier is used to identify an application associated with the account of the consumer.

A system comprising:

• a database server containing a data base that stores information for an account that is associated with a mobile phone of a consumer;
• and
• a balance alert server that is configured to receive transaction information from a transaction conducted with the mobile phone and that is communicably coupled with the database server, wherein the balance alert server is also configured to send a balance alert to the mobile phone when an amount of the transaction causes a balance of the account to surpass an account balance threshold,
• wherein the balance alert message includes a unique message identifier and an application identifier that identifies an application to be launched on the mobile phone upon receipt of the balance alert message,
• wherein the application identifier includes an issuer identifier, wherein the issuer identifier is used to identify an application associated with the account of the consumer.