Anna A Luscombe

US Patent:

20190251542, Aug 15, 2019

Filed:

Feb 15, 2018

Appl. No.:

15/897733

Inventors:

- Purchase NY, US
Anna Luscombe - New York NY, US

Assignee:

Mastercard International Incorporated - Purchase NY

International Classification:

G06Q 20/24
G06Q 40/02
G06Q 20/40
G06Q 20/22

Abstract:

A method for issuing instant credit for a transaction includes: receiving an authorization response for a declined payment transaction, wherein the authorization response is formatting according to one or more standards and includes at least a primary account number and a response code indicating a decline; identifying one or more eligibility rules; determining eligibility of a used transaction account associated with the primary account number for instant credit based on at least the identified one or more eligibility rules and data stored in an account profile related to the used transaction account; transmitting at least the determined eligibility of the transaction account to a computing device; receiving an instant credit request; determining a funding transaction account based on at least the data stored in the account profile related to the used transaction account and one or more credit rules; and transmitting at least the determined funding transaction account.