System and method for exchanging data with smart cards

Abstract

A system that includes an issuer system that receives, via a network, registration information from a mobile device, wherein the issuer system is associated with a financial institution that issues a smart card to a user and wherein the registration information includes an identifier of the mobile device, and a mobile device application associated with the issuer system, that when executed on a mobile device, communicates with the issuer system to validate the mobile device as a trusted device and enables the trusted device to communicate with the smart card and enable smart card management features mobile device application.

What is claimed is: 
     
         1 . A non-transitory, computer-readable medium storing instructions that, when executed by a processor of a mobile device, cause the processor to perform a method of transaction authentication comprising:
 receiving a verification request from an issuer system, the verification request corresponding to a requested transaction associated with a financial account of a customer, the financial account associated with a smart card;   receiving an authentication factor inputted by the customer to the mobile device;   communicating with the smart card to compare the authentication factor with a stored authentication factor stored on the smart card;   based on a comparison of the received authentication factor and the stored authentication factor, creating instructions indicating whether the requested transaction is verified by the customer; and   outputting for transmission the instructions to the issuer system.   
     
     
         2 . The non-transitory, computer-readable medium of  claim 1 , wherein the received authentication factor comprises secret information. 
     
     
         3 . The non-transitory, computer-readable medium of  claim 2 , where the secret information is a personal identification number (PIN). 
     
     
         4 . The non-transitory, computer-readable medium of  claim 1 , wherein the received authentication factor and the stored authentication factor each comprise biometric information associated with the customer. 
     
     
         5 . The non-transitory, computer-readable medium of  claim 1 , wherein the instructions, when executed by the processor of the mobile device, cause the processor to perform a method further comprising:
 receiving the stored authentication factor from the smart card; and   comparing the received authentication factor to the stored authentication factor.   
     
     
         6 . The non-transitory, computer-readable medium of  claim 5 , wherein receiving the stored authentication factor comprises reading the stored authentication factor from the smart card. 
     
     
         7 . The non-transitory, computer-readable medium of  claim 1 , wherein the instructions, when executed by the processor of the mobile device, cause the processor to perform a method further comprising:
 displaying, via a screen of the mobile device, a prompt requesting that the customer initiate communication between the mobile device and the smart card.   
     
     
         8 . The non-transitory, computer-readable medium of  claim 7 , wherein initiating communication between the mobile device and the smart card comprises touching the smart card to the mobile device. 
     
     
         9 . The non-transitory, computer-readable medium of  claim 7 , wherein initiating communication between the mobile device and the smart card comprises moving the smart card toward the mobile device. 
     
     
         10 . The non-transitory, computer-readable medium of  claim 1 , wherein the requested transaction is a card-not-present transaction request. 
     
     
         11 . The non-transitory, computer-readable medium of  claim 10 , wherein the requested transaction is an online transaction. 
     
     
         12 . A method for authorizing a payment, the method comprising:
 receiving a payment authorization request from a merchant, the payment authorization request corresponding to a requested transaction and comprising an account identifier associated with a financial account of a customer, the financial account having a smart card associated therewith;   transmitting a verification request to a mobile device associated with the customer, the verification request comprising:
 a prompt for a card application installed on the mobile device to communicate with the smart card to receive an authentication factor associated with the smart card; 
   receiving verification of the requested transaction from the mobile device based on the received authentication factor; and   approving or denying the transaction based on the received verification by transmitting an authorization signal to the merchant.   
     
     
         13 . The method of  claim 12 , wherein the authentication factor comprises secret information. 
     
     
         14 . The method of  claim 13 , wherein the secret information is a personal identification number (PIN). 
     
     
         15 . The method of  claim 12 , wherein the authentication factor and the stored authentication factor each comprise biometric information associated with the customer. 
     
     
         16 . The method of  claim 12 , wherein the requested transaction is a card-not-present transaction request. 
     
     
         17 . The method of  claim 16 , wherein the requested transaction is an online transaction. 
     
     
         18 . The method of  claim 12 , wherein the authentication factor is stored on the smart card.