CPC G06Q 20/3829 (2013.01) [G06F 21/45 (2013.01); G06Q 20/102 (2013.01); G06Q 20/12 (2013.01); G06Q 20/3226 (2013.01); G06Q 20/3227 (2013.01); G06Q 20/325 (2013.01); G06Q 20/3278 (2013.01); G06Q 20/382 (2013.01); G06Q 20/3823 (2013.01); G06Q 20/40 (2013.01); G06Q 20/4016 (2013.01); H04W 12/069 (2021.01); G06Q 2220/00 (2013.01)] | 20 Claims |
1. A method comprising:
at an electronic device:
generating, on a secure element of the electronic device, credential data operative to identify a funding account of a financial institution subsystem for funding a transaction between the electronic device and a merchant subsystem;
accessing transaction key data;
deriving a transaction key based on the transaction key data;
transmitting merchant payment data to the merchant subsystem to perform the transaction between the electronic device and the merchant subsystem, wherein the merchant payment data comprises:
at least a portion of the credential data; and
the accessed transaction key data; and
sharing commercial payment data with the financial institution subsystem using the transaction key to perform the transaction between the electronic device and the merchant subsystem, wherein the commercial payment data comprises at least one of:
another portion of the credential data; and
enhancer data comprising information to be used by the financial institution subsystem to enhance a risk assessment of the transaction.
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