Patent ID: 8086524
Filing Date: 2011-12-27
Classification: G06Q

Abstract:
1. A computer implemented method for transaction processing, comprising: receiving, by a computer of a primary lender, a first authorization request, wherein the first authorization request is a request for authorization of a first transaction and wherein the first transaction is a transaction is of a first customer for at least one of: (1) a purchase and (2) a cash advance; declining, by the computer of the primary lender, the first authorization request; evaluating, by a computer of a secondary lender, in real-time, the declined first authorization request, wherein the computer of the secondary lender evaluates the declined first authorization request prior to a communication of the decline of the first authorization request by the primary lender, and wherein the computer of the secondary lender evaluates the declined first authorization request based at least in part on at least one evaluation condition of the secondary lender; authorizing, by the computer of the secondary lender, in real-time, the declined first authorization request if the evaluation meets the secondary lender's at least one evaluation condition, wherein the authorizing is in the form of a first authorization approval; communicating, by the computer of the primary lender, the first authorization approval; posting, by the computer of the secondary lender, the first transaction to a balance sheet of the secondary lender in the form of a first amount due to the primary lender; funding, by the computer of the primary lender, the first transaction by the primary lender; receiving, by the computer of the primary lender, a second authorization request, wherein the second authorization request is a request for authorization of a second transaction and wherein the second transaction is a transaction is of a second customer for at least one of: (1) a purchase and (2) a cash advance; declining, by the computer of the primary lender, the second authorization request; evaluating, by the computer of the secondary lender, in real-time, the declined second authorization request by the secondary lender, wherein the computer of the secondary lender evaluates the declined second authorization request prior to a communication of the decline of the second authorization request by the primary lender, and wherein the computer of the secondary lender evaluates the declined second authorization request based at least in part on the at least one evaluation condition of the secondary lender; authorizing, by the computer of the secondary lender, in real-time, the declined second authorization request if the evaluation meets the secondary lender's at least one evaluation condition, wherein the authorizing is in the form of a second authorization approval; communicating, by the computer of the primary lender, the second authorization approval; posting, by the computer of the secondary lender, the second transaction to the balance sheet of the secondary lender in the form of second amount due to the primary lender; funding, by the computer of the primary lender, the second transaction by the primary lender; summing up, by a third computer, one or more debits and one or more credits of the first and second posted transactions; and settling, by the third computer, at least one amount due between the primary and secondary lenders based on at least in part on: i) on the funding of first and second transactions of the first and the second customers respectively by the primary lender, and ii) the posted first and second amounts due to the primary lender from the secondary lender, wherein the posted first and second amounts are based on funding of the first and second transactions of the first and the second customers respectively by the primary lender.