Patent ID: 9715689
Date: 2017-07-25
CPC Classifications: G06Q

Claim:
1. A computer-implemented method, comprising: transmitting, by a recipient bank computer system to a messaging hub computer system, a refund transaction request received from a mobile wallet bank computer associated with a payor, the refund transaction request regarding a previous transaction between a merchant and the payor, the messaging hub computer system serving as an intermediary between the recipient bank computer system and a card issuer computer system, the refund transaction request comprising (i) a previously used dynamic token to facilitate identification of the card issuer computer system based on a portion of the previously used dynamic token, (ii) a refund transaction amount, and (iii) an indication that the transaction is a refund transaction; responsive to the identification, receiving, by the recipient bank computer system, underlying payment credential information from the card issuer computer system via the messaging hub computer system, the underlying payment credential information retrieved from the card issuer computer system based on the previously used dynamic token, the underlying payment credential information utilized by the recipient bank computer system to facilitate routing of the refund transaction, wherein the underlying payment credential information is associated with an account held by the payor that was used for the previous transaction; and transferring, by the recipient bank computer system, the refund from an account held by the merchant to the account held by the payor identified using the underlying payment credential information.