Encrypted token transactions

Systems and methods for performing settlement of token access transactions are provided. In one embodiment, the invention provides for processing bank card and other token transactions, including receiving transaction records for a plurality of transactions, wherein at least some of the transaction records include encrypted token information; determining whether the records contain encrypted token information; decrypting the encrypted token information for a transaction record that is determined to have encrypted token information; and providing clear text token information obtained by decrypting the encrypted token information for a transaction record for transaction settlement.