RESERVE CARD SYSTEM AND METHOD

摘要

A system, method and/or computer program product for enrolling in and/or issuing a transaction account with enhanced capabilities and improved functionality is disclosed herein. This new type of transaction account, a reserve transaction account, is disclosed herein. Similar to credit and/or charge transaction accounts, the reserve transaction account avails its users the ability to purchase now and pay for the purchase at a later date. This is in contrast to a debit transaction account where payment for the purchase is effective almost immediately. Similar to credit and/or charge transaction accounts, the reserve transaction account is associated with a line of credit. Similar to credit and/or charge transaction accounts for authorization and settlement, the reserve transaction account follows a dual messaging protocol for authorization of transactions.

主权项

1. A method comprising:
receiving, by a third party computer based system for authorizing purchases, an authorization request for a transaction from a merchant involving a transaction account; determining, by the third party computer based system, that the transaction should be authorized based on a comparison of transaction details to an individualized risk model associated with a transaction account holder, transmitting, by the third party computer based system, the authorization decision to an issuer of the transaction account; receiving, by the third party computer based system, an instruction to process the transaction from the issuer, transmitting, by the third party computer based system, the decision to process the transaction to the merchant; and transmitting, by the third party computer based system, transaction settlement information to the issuer, wherein in response to receipt of the transaction settlement information, a value of funds associated with the value of funds of the transaction is transferred from a demand deposit account associated with the transaction account to a shadow demand deposit account, wherein both the demand deposit account and the shadow demand deposit account are held by the transaction account holder.