Importance

Loading Importance Indicators...

Abstract

A method includes receiving, via a point-of-sale system, a request for payment comprising a credit account information, a transaction payment amount, and a partial payment indicator, and querying an account database to retrieve an available credit amount and based on the credit account information. The method further includes determining that there is an insufficient credit amount to complete the request for payment based on the available credit amount and the transaction payment amount. The method additionally includes determining a partial payment authorization or a denial of the request for payment based on one or more partial payment authorization rules, the credit account information, the transaction payment amount, and the insufficient credit amount. The method also includes communicating, to the point-of-sale system, the partial payment authorization or the denial of the request for payment. The one or more partial payment authorization rules include a merchant category code (MCC) rule, a percent of transaction rule, an account status rule, a product rule, and/or a partial payment amount rule.

Loading the Abstract Image...

First Claim