Mastercard International Incorporated

Ganesh L Iyer

Jason Jay Lacoss-Arnold

Jeffrey L Altemueller

Chandrasekhar Rao Nadella

Chandrasekkar Rao Nadella

Srinivasarao Nidamanuri

Vincent Alain Rene Haulotte

Jeffrey J Altemueller

A payment-enabled mobile device is placed in communication with a POS (point of sale) terminal to facilitate a purchase transaction. A user selects a payment account in the payment-enabled mobile device. Payment credentials are transmitted from the payment-enabled mobile device to the POS terminal. The payment credentials include a PAN-length identifier that identifies an issuer of the selected payment account.

Extended-length payment account issuer identification numbers

Transaction data is obtained relating to a current purchase transaction. An account indicator is retrieved. The transaction data is used to transform the account indicator. The transformed account indicator is encrypted to generate an encrypted account indicator.

Primary account number (PAN) length issuer identifier in payment account number data field of a transaction authorization request message

Embodiments of the disclosure enable a user to manage funds for financial transactions. In some embodiments, a request for authorization of a financial transaction associated with one or more factors including a transaction amount is received from a financial transaction processing computing device, a first purse associated with a cardholder account that is associated with one or more purses is identified based on the one or more first factors, a plurality of parameters associated with the first purse including a first purse priority and a first purse balance are identified, the first purse balance is compared with the transaction amount to determine a difference between the first purse balance and the transaction amount, and it is determined whether to approve the request for authorization based on the first purse priority and the difference between the first purse balance and the transaction amount.

Systems and methods for managing funds for financial transactions

A payment-enabled mobile device is placed in communication with a POS (point of sale) terminal to facilitate a purchase transaction. A user selects a payment account in the payment-enabled mobile device. Payment credentials are transmitted from the payment-enabled mobile device to the POS terminal The payment credentials include a PAN-length identifier that identifies an issuer of the selected payment account.

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Chesterfield, MO, United States of America

Ganesh L Iyer