METHOD AND SYSTEM FOR CONTROLLING RISK USING STATIC PAYMENT DATA AND AN INTELLIGENT PAYMENT DEVICE

摘要

Example embodiments are described that permit a merchant to conduct a payment transaction using a customer's intelligent payment device when it is determined that the customer has an intelligent payment device. In the absence of such a device, the merchant may conduct the payment transaction using a traditional payment token, for example a payment token including static data. The static data may include an intelligent device data, for example a code embedded on a magnetic stripe, that may alert a merchant to the existence of the intelligent payment device. The merchant may then conduct the payment transaction using the intelligent payment device instead of using the static data.