Patent ID: 8924300

Claim:
A computer-implemented method for processing proposed transactions, the method comprising: storing, by a service provider system comprising one or more computers, one or more issuer rules associated with one or more closed loop payment accounts permitting use of the one or more closed loop payment accounts outside of a predefined closed loop network; receiving, by the service provider system from a merchant computer outside of the predefined closed loop network, information associated with a proposed transaction, the information comprising one of an identification of a payment account or an identification of a consumer payment device; evaluating, by the service provider system based at least in part on the one or more issuer rules and the information associated with the proposed transaction, the proposed transaction; determining, by the service provider system based at least in part upon the evaluation a closed loop payment account of the one or more closed loop payment accounts to utilize in association with the proposed transaction; and utilizing, by the service provider system, the closed loop payment account of the one or more closed loop payment accounts in association with the proposed transaction received from the merchant computer outside of the predefined closed loop network.