| CPC G06Q 20/4014 (2013.01) [G06Q 20/382 (2013.01); G06Q 20/36 (2013.01); G06Q 2220/123 (2013.01)] | 8 Claims |

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1. A method for conducting a transaction using an authentication value, comprising:
provisioning, by a backend for a financial institution, a transaction account for a financial institution customer to an electronic wallet executed by a customer electronic device;
downloading, by the customer electronic device, a merchant computer application;
receiving, by a point of transaction device of a merchant, a transaction request to pay for a transaction for a good or service using the transaction account, the transaction request comprising an authentication value that links the financial institution customer, customer electronic device information for the customer electronic device, and a merchant computer application identifier for the merchant computer application together;
authenticating, by the backend for the financial institution, the financial institution customer with the authentication value;
generating, by the point of transaction device for the merchant, a machine-readable code comprising an identifier for the good or service and displaying the machine-readable code on a display of the point of transaction device for the merchant;
receiving, by a merchant computer application executed by the customer electronic device, the identifier by reading the machine-readable code from the display;
receiving, by a payment host executed by an electronic device of the merchant, the identifier from the merchant computer application;
retrieving, by the payment host, transaction account information for the transaction associated with the identifier;
transmitting, by the payment host, an authorization request for the transaction comprising the transaction account information to the backend for the financial institution; and
receiving, by the payment host, authorization from the backend for the financial institution.
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