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SYSTEMS AND METHODS FOR BINDING UNIQUE TOKENS WITH TRANSACTION PARAMETERS TO AUTHORIZE TRANSACTIONS

Abstract:

A system for binding unique tokens with transaction parameters to authorize transactions based on monitoring user interactions with one or more applications on a user device. Upon monitoring the system determines first payment transaction initiation by a user at a merchant payment gateway associated with the one or more applications based on the monitoring. The system generates and displays on the user device a unique token based at least on an input received from the user device. The system receives the unique token as part of an authorization request. Upon receiving the unique token, the system identifies first transaction parameters associated with the first payment transaction and automatically binds the generated unique token with the identified first transaction parameters.