Patent ID: 9569768
Date: 2017-02-14
CPC Classifications: G06Q,G07F

Claim:
1. A method for selecting a payment account for completing a payment transaction, the method comprising: collecting, by a point of sale (POS) terminal, data from a payment device associated with a mobile communication device utilized for the payment transaction; identify a number of a plurality of payment accounts is associated with the mobile communication device or payment device; receiving, by the POS terminal, a personal identification number associated with the mobile communication device or payment device; in response to receiving the personal identification number, identifying, by a processor of the POS terminal, a first portion and a second portion of the received personal identification number; communicating, by the processor of the POS terminal, the first portion and the second portion to a payment processor external to the POS terminal to conduct a security enhancement of the plurality payment accounts associated with the payment device by using the second portion comprising a two-digit alphanumeric number as a pointer to a matrix list of the plurality of payment accounts, the two-digit alphanumeric number identifies any one of the plurality of payment accounts when the number of plurality of payment accounts exceeds a predetermined number of payment accounts associated with the payment device; receiving, by the POS terminal, from the payment processor, a message that indicates the payment account is approved or denied for the payment transaction; in response to receiving the message that indicates the payment account number is approved, facilitating, by the POS terminal, the payment transaction, and facilitating, by the POS terminal, the payment transaction based at least in part upon communicating, to the payment processor, a second payment account number associated with the stored value account.