Patent ID: 8095440

Claim:
A method for effecting the performance of a payment card transaction for a first transaction amount between a first merchant and a first cardholder, the method comprising the steps of: a) in response to initiation of the payment card transaction between the first merchant and the first cardholder at a point of sale (POS) device, creating, at a host processor, a first payment card transaction record between the first merchant and a second cardholder for the first transaction amount in a first currency, b) in response to the initiation of the payment card transaction between the first merchant and the first cardholder, creating a second payment card transaction record between a second merchant and the first cardholder, wherein the second transaction record identifies a second transaction amount in a second currency which equates to the first transaction amount converted into the second currency, and c) submitting the first transaction record and the second transaction record for processing as respective first and second payment card transactions, whereby processing said first record credits said first merchant and processing said second record debits said first cardholder.