Patent ID: 7509289

Claim:
A method for processing an authorization request associated with a financial service transaction, comprising the steps of: completing a conventional authorization process for the financial service transaction by processing an authorization data record comprising transaction parameters in response to receiving the authorization request; and completing a single event authorization control (SEAC) process for the authorization for the financial service transaction in response to determining that the authorization request is qualified for the SEAC process, wherein the SEAC process comprises the steps: selecting one of a plurality of SEAC data records associated with the authorization request that most closely matches the transaction parameters of the authorization data record, each SEAC data record comprising at least one SEAC action comprising one of decline override, budgetary exception, and funds encumbrance; completing each SEAC action for the selected SEAC data record that can be taken for the authorization request; and generating by a computer a decision regarding authorization for the financial service transaction in response to completing each SEAC action for the selected SEAC data record.