Managed Integrated Payment Environment

Embodiments of the invention include a method of performing a payment transaction comprising receiving transaction data by a PIN pad terminal from a point-of-sale terminal, and receiving tender from a customer, by the PIN pad terminal. Tender data and the transaction data are sent to a service gateway, by the PIN pad terminal. The service gateway collects metadata from the tender data and the transaction data. The tender data is sent by the PIN pad terminal to the point-of-sale terminal, which sends the tender data and the transaction data to a merchant gateway for approval or denial of the tender data. The tender data sent to the POS may be encrypted. The service gateway may provide customer and merchant analytics based on the metadata, as well as perform security/fraud checks, BIN management, PIN pad management. Systems are also disclosed. 1. A method of performing a payment transaction , comprising:receiving transaction data from a point-of-sale terminal, by a PIN pad terminal;receiving tender from a customer, by the PIN pad terminal;sending tender data based on the tender and the transaction data to a service gateway, by the PIN pad terminal, wherein the service gateway collects metadata from the tender data and the transaction data; andsending the tender data by the PIN pad terminal to the point-of-sale terminal, wherein the point-of-sale terminal sends the tender data and the transaction data to a merchant gateway for approval or denial of the tender data.2. The method of claim 1 , wherein the PIN pad terminal comprises at least one processing device and memory claim 1 , wherein the at least one processing device:derives a bank identification number from the tender data, by the at least one processing device;searches a bank identification number file correlating bank identification numbers with card brands and issuing banks that is stored in memory of the PIN pad terminal, for the bank identification number;associates the bank identification number with the ...

EMV KERNEL FOR FASTER PROCESSING

Methods of performing transactions with a payment card comprising an integrated circuit are disclosed comprising interacting with an integrated circuit on a received payment card and inferring an application corresponding to a card brand and card type of the payment card, or retrieving a map of the integrated circuit to read records on the integrated circuit based on the map, are disclosed. Corresponding devices, such as PIN pads, and computer products are also disclosed. 1. A method of performing a transaction with a payment card comprising an integrated circuit , the method comprising:interacting with an integrated circuit on a received payment card;inferring an application corresponding to a card brand and card type of the payment card;sending a first message containing an identifier of the inferred application to the integrated circuit;receiving a second message from the integrated circuit, the second message being a confirm message confirming the inferred application, or a reject message rejecting the inferred application; andif the message is a confirm message, completing the transaction using the inferred application.2. The method of claim 1 , wherein the inference is based on one or more of the following options:a total market share of a respective combination in a region;a market share of a respective combination for a merchant receiving the payment card; anda known relationship between a merchant and a card brand.3. The method of claim 2 , comprising:making the first inference based on the total market share of the combination of the card brand and card type in a region; andif the second message is a reject message:making a second inference of the combination having the second highest market share in the region; ormaking a second inference based, at least in part, on the combination having the highest market share of the merchant receiving the payment card.4. The method of claim 2 , comprising:making a first inference based on the combination having the ...

Managed emv kernel for faster processing

Methods of performing transactions with a payment card comprising an integrated circuit are disclosed comprising interacting with an integrated circuit on a received payment card and inferring an application corresponding to a card brand and card type of the payment card, or retrieving a map of the integrated circuit to read records on the integrated circuit based on the map, are disclosed. Corresponding devices, such as PIN pads, and computer products are also disclosed.

Managed emv kernel for faster processing

Methods of performing transactions with a payment card comprising an integrated circuit are disclosed comprising interacting with an integrated circuit on a received payment card and inferring an application corresponding to a card brand and card type of the payment card, or retrieving a map of the integrated circuit to read records on the integrated circuit based on the map, are disclosed. Corresponding devices, such as PIN pads, and computer products are also disclosed.

Managed emv kernel for faster processing

Methods of performing transactions with a payment card comprising an integrated circuit are disclosed comprising interacting with an integrated circuit on a received payment card and inferring an application corresponding to a card brand and card type of the payment card, or retrieving a map of the integrated circuit to read records on the integrated circuit based on the map, are disclosed. Corresponding devices, such as PIN pads, and computer products are also disclosed.

Managed emv kernel for faster processing

Managed emv kernel for faster processing

Method and system of performing transactions with a payment card in a managed integrated payment environment comprising an integrated circuit are disclosed comprising interacting with an integrated circuit on a received payment card to obtain card data by a payment terminal and determining whether full online transaction processing of the card data is required. If full online transaction processing of the card data is required, the card data is sent to a point-of-sale terminal, which sends the card data and a transaction total for the transaction to a merchant gateway, which obtains approval or denial of the transaction. The approval or denial is provided to the PIN pad by the merchant gateway via the point-of-service terminal. The PIN pad also receives transaction data and sends the transaction data and card data to a services processor to collect metadata, perform fraud and security checks, and/or encrypt the card data.

Managed emv kernel for faster processing