Visa International Service Association

Anindya Mukherjee

Rajib Maitra

Robert Yost

Described are a system, method, and computer program product for providing instant credit to a customer at a point-of-sale. The method includes receiving a transaction approval request including a full transaction amount for a transaction at the point-of-sale. The method further includes communicating a credit approval request based on the transaction approval request to an issuer system and, in response to receiving a message from the issuer system including a decline or an approval of less than the full transaction amount, determining customer data used to evaluate an extension of credit to the customer. The method further includes communicating the customer data to a third party credit provider system and receiving a credit approval message from the third party credit provider system including a credit transaction amount to fulfill the full transaction amount. The method further includes communicating a transaction approval message including the full transaction amount.

System, method, and computer program product for providing instant credit to a customer at a point-of-sale

A method for automatically re-processing a transaction in an electronic payment processing network independent of a merchant system or a user includes: receiving a first transaction message associated with a payment transaction; generating a first authorization request; communicating the first authorization request to an issuer system; in response to determining that the first authorization request failed, automatically determining a second payment device associated with the user based on profile data; automatically generating a second authorization request associated with the transaction; communicating the second authorization request to a second issuer system; and in response to determining that the second authorization request was approved by the second issuer, processing the transaction based on the transaction data and the second account data.

Method, system, and computer program product for automatically re-processing a transaction

Described are a system, method, and computer program product for providing instant credit to a customer at a point-of-sale. The method includes receiving a transaction approval request including a full transaction amount for at least one transaction between a merchant and the customer. The method also includes communicating a credit approval request based on the transaction approval request to an issuer system. The method further includes, in response to the issuer system initially declining the credit approval request or approving less than the full transaction amount, determining, with at least one processor, customer data used to evaluate an extension of credit to the customer. The method further includes communicating the customer data to the issuer system and receiving a credit approval message from the issuer system including the full transaction amount. The method further includes communicating a transaction approval message to a merchant system including the full transaction amount.

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Kloten, Switzerland

Anindya Mukherjee