Mastercard Incorporated
Systems and methods for use in initiating payment account transactions to acquirers

Abstract:

Disclosed are exemplary embodiments of systems and methods for facilitating payment account transactions to acquirers, based on purchase requests by Internet of Things (IoT) devices. In an exemplary embodiment, a method generally includes receiving, by an interface processor, a message from an IoT device at a premises where the message includes a condition related to the IoT device, and determining, by the interface processor, based on at least one rule in memory, whether to initiate a transaction at a merchant to purchase a product and/or a related product based on the condition. The method then further includes transmitting to an acquirer associated with the merchant, by the interface processor, rather than to the merchant, an authorization request for the transaction for the product and/or the related product when the condition satisfies the at least one rule.