SYSTEMS AND METHODS FOR PAYMENT AUTHORIZATION UTILIZING A UNIVERSAL TOKEN

A system for authenticating a payment transaction is provided, including a payment device (such as an ECR or payment terminal), a provider gateway, and a universal token vault. The payment device provides a payment processing request including a tokenization request and an account number (such as a PAN or DPAN). The provider gateway receives the payment processing request from the payment device. The provider gateway then provides the account number and the tokenization request to a payment network (such as a credit card service). The provider gateway then receives, via the payment network, a network token and a PAR. The universal token vault then receives, via the provider gateway, the network token and the PAR. The universal token then creates or updates a universal token to associate the network token with the PAR. The universal token may then be provided to a merchant server for storage.