Abstract: Various embodiments automate an authorization for a partial amount in a pre-authorized transaction via a unique data element that uniquely identifies the pre-authorization and does not require multiple traversals over the network of a CAV (e.g., a four-digit pin). In this way, one type of network traversal for pre-authorization (e.g., of a total amount) is utilized via communicating an encrypted CAV, and another type of automated traversal is utilized to complete subsequent corresponding transaction requests (e.g., for partial amounts) via the unique data element (without the CAV). Thus, each portion of a pre-authorized transaction may be transferred individually without repetitively verifying the CAV. In other words, the CAV may be authenticated during the authorization/pre-authorization phase. Thereafter, the CAV need not traverse the network again.

Abstract: A system and method for processing payment transactions via payment devices are provided. Issuer application selection criteria associated with a payment device, merchant application selection criteria associated with an acceptance device, and/or payment network card program file(s) may be evaluated to determine the payment application to be used for processing a payment transaction.

Abstract: A system and method for processing funds transfers that may utilize a dual-message transaction with separate authorization and settlement messages for (consumer authentication value) CAV-based transactions. Initial authorization messages may be communicated to authorize and guarantee funds to a payee for goods and/or services before they are rendered. Thereafter, the payee may initiate one or more settlement advice request messages associated with the authorization/pre-authorization, as goods and/or services are rendered without authorization of CAV.