Systems and methods for transaction processing using a smartcard

  • US 8,851,369 B2
  • Filed: 07/17/2009
  • Issued: 10/07/2014
  • Est. Priority Date: 11/05/1999
  • Status: Active Grant
First Claim
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1. A method, comprising:

  • receiving, at a smartcard, a payment request for a transaction;

    determining, by the smartcard, a first payment system for processing at least a portion of the transaction, wherein said determining includes the smartcard querying payment directory information stored on the smartcard; and

    transmitting, by the smartcard, an identification of the first payment system to a point of service (POS) device, wherein the identification is usable by the POS device to transmit a first authorization request related to at least a portion of the transaction to the first payment system.

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