A method for providing transaction data to a payment device that includes a contactless element, comprising: receiving, by an issuer computer from a payment processing network, an authorization request message including a request for authorization to conduct an electronic payment transaction using the payment device; determining, by the issuer computer, whether the electronic payment transaction should be authorized based on data included in the authorization request message; sending, by the issuer computer, an authorization response message to the payment processing network to indicate whether the electronic payment transaction is authorized; after completion of the electronic payment transaction, determining that an issuer update for the payment device is required, wherein the method further comprises one of: (i) providing, by the issuer computer, a script to a device reader in communication with the payment device using the contactless element of the payment device, wherein the contactless element is capable of communication and data transfer using a wireless communications technology comprising a short-range data transfer technology, wherein the script, when executed by the device reader or the payment device, performs the issuer update on the payment device, and (ii) providing, by the issuer computer, in case the payment device is a mobile phone, the issuer update over the air via a cellular network. receiving, by an issuer computer from a payment processing network, an authorization request message including a request for authorization to conduct an electronic payment transaction using the payment device; determining, by the issuer computer, whether the electronic payment transaction should be authorized based on data included in the authorization request message; sending, by the issuer computer, an authorization response message to the payment processing network to indicate whether the electronic payment transaction is authorized; after completion of the electronic payment transaction, determining that an issuer update for the payment device is required, wherein the method further comprises one of: (i) providing, by the issuer computer, a script to a device reader in communication with the payment device using the contactless element of the payment device, wherein the contactless element is capable of communication and data transfer using a wireless communications technology comprising a short-range data transfer technology, wherein the script, when executed by the device reader or the payment device, performs the issuer update on the payment device, and (ii) providing, by the issuer computer, in case the payment device is a mobile phone, the issuer update over the air via a cellular network. (i) providing, by the issuer computer, a script to a device reader in communication with the payment device using the contactless element of the payment device, wherein the contactless element is capable of communication and data transfer using a wireless communications technology comprising a short-range data transfer technology, wherein the script, when executed by the device reader or the payment device, performs the issuer update on the payment device, and (ii) providing, by the issuer computer, in case the payment device is a mobile phone, the issuer update over the air via a cellular network.