Systems and methods for processing credit card transactions that exceed a credit limit
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United States of America Patent
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May 31, 2011
Grant Date -
Aug 14, 2008
app pub date -
Apr 15, 2008
filing date -
Jun 29, 2001
priority date (Note) -
In Force
status (Latency Note)
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Abstract
A method, system, and computer are disclosed for managing a financial transaction associated with a financial account, wherein the transaction would cause an outstanding balance of the financial account to exceed a credit limit. The method comprises determining a merchant type for a merchant which is a party to the transaction. A merchant credit risk associated with the determined merchant type is determined. The merchant credit risk is compared to a threshold value defining an acceptable credit risk. The transaction is approved based on the comparison of the merchant credit risk with the threshold value.
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