Patent ID: 10832233

Abstract:
A method and a system for reselecting of a payment method of a plurality of payment methods associated with a consolidated payment device are provided. The method may include obtaining, at a remote server, a transaction request, responsive to initiation by a holder of a consolidated payment device, wherein the transaction request indicates a first payment method of said plurality of payment methods; authorizing the transaction request, following a process that may include, inter alia, verifying sufficient funds on the first payment method; receiving, at said remote server, a reselection request indicating a second payment method which is different than the first payment method; in a case that the transaction has not yet finalized, authorizing the transaction request with the second payment method and aborting the transaction with the first payment method; and in a case that the transaction has been finalized, authorizing the transaction request with the second payment method and initiating a cancel and refund process for the transaction with the first payment method.