System and method for providing transactional credit

摘要

System and method for a second credit card issuer to provide transactional credit to a credit cardholder of a first credit card issuer, when the cardholder's account with the first issuer is in good standing and has an available credit balance equal to, or greater than, a proposed financial transaction with a merchant who does not accept the credit card of the first issuer, but does accept the credit card of the second issuer. The second issuer may charge a convenience fee to the customer, merchant, first credit card issuer, or any combination of them, for providing the transactional credit. Additionally, the second issuer may provide transactional credit to a customer to complete a financial transaction, via a reactivated credit card account of the second issuer, when the customer has a closed credit card account of the second credit card issuer that was closed in good standing.

主权项

1. A method of providing a transactional credit to complete a financial transaction, the method comprising:
determining, by a transactional credit system, whether a credit card of a first credit card issuer of a customer is in good standing, when a merchant does not accept the credit card of the first issuer; requesting the transactional credit, via the transactional credit system, from a second credit card issuer to complete a proposed financial transaction of the customer, wherein the transactional credit includes an amount of credit sufficient to complete the proposed financial transaction, and wherein requesting the transaction credit is in response to determining that the credit card of the first credit card issuer of the customer is in good standing and when the first credit card issuer's credit card is not accepted; and authorizing the transactional credit, via the transactional credit system, from the second credit card issuer to complete the proposed financial transaction.