In conventional technology, consumers may provide actual credit card numbers, debit card numbers, or bank account numbers to a merchant point of sale terminal or to merchant websites when making in person or online purchases, respectively. In conventional technology, data breaches are a common security concern, and a risk exists that hackers may steal financial account information of the consumers. Current applications for in store and online purchasing may allow a consumer to safely conduct a transaction without having to provide actual financial account data to a merchant point of sale terminal or merchant website. However, applications for in store and online purchasing do not allow the consumer to use a plastic payment card comprising tokenized financial account information corresponding to a financial account of the consumer.
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Ranjan, Ritcha, "TOKENIZATION OF A PHYSICAL DEBIT OR CREDIT CARD FOR PAYMENT", Technical Disclosure Commons, (January 31, 2016)