REAL-TIME AUTHORIZATION OF INITIATED DATA EXCHANGES BASED ON DYNAMICALLY GENERATED TOKENIZED DATA

摘要

The disclosed exemplary embodiments include computer-implemented systems,apparatuses, and processes that, among other things, authorize initiatedexchanges ofdata in real-time based on dynamically generated tokenized data. For example,anapparatus may receive first positional data identifying a first geographicposition of aclient device and based on the first positional data, the apparatus maydetermine avalue of a parameter characterizing an exchange of data between the clientdevice anda terminal device disposed proximate to the client device during a temporalinterval.The apparatus may transmit data requesting a pre-authorization of the dataexchange toa computing system, which perform operations that pre-authorize the dataexchange inaccordance with the parameter value and transmit a digital tokenrepresentative of thepre-authorized data exchange to the terminal device. The digital token may bevalidduring the temporal interval and may include a cryptogram associated with theclientdevice.