METHOD AND APPARATUS FOR MANAGING FINANCIAL TRANSACTIONS FOR SELECTIVE CONVERSION TO BUY NOW, PAY LATER FINANCING

Abstract

A method of processing a customer transaction may include receiving an indication of a transaction between a customer and a vendor, checking an account status of a primary account of the customer at a customer bank, and determining, within a predetermined time of the indication, whether to accept or decline the transaction based on the account status. The method may further include, if the transaction is accepted, authorizing a transfer of funds to the vendor and communicating with the customer to determine whether to settle the transaction or handle the transaction as an installment loan to the customer.

CPC Classifications