Patent ID: 8442914

Claim:
A method comprising: receiving, at a virtual wallet server from a payment network, a virtual wallet account number for a virtual wallet account of a consumer and payment transaction details of a payment transaction, wherein the payment transaction details includes a payment amount; mapping, by the virtual wallet server, the virtual wallet account number to at least one funding account associated with the consumer; validating, by the virtual wallet server, the consumer and the payment transaction details; generating a standard purchase authorization request message for the payment transaction and routing the standard purchase authorization request message to a payment network authorization system for routing to an issuer of the at least one funding account; receiving, at the virtual wallet server acting as an original acquirer proxy, an authorization response from the payment network authorization system approving the payment transaction; loading the consumer's virtual wallet account in real time to match the payment amount; and routing, by the virtual wallet server to the payment network, an authorization approval message for routing to an originating acquirer.