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Method and system for engaging in a transaction between a consumer and a merchant

  • US 20080203153A1
  • Filed: 02/26/2007
  • Published: 08/28/2008
  • Est. Priority Date: 02/26/2007
  • Status: Active Grant
First Claim
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1. A method for providing instant credit by a credit issuer to a consumer at a point-of-sale of a merchant, the method comprising the steps of:

  • initiating or engaging in a transaction between the consumer and the merchant at the point-of-sale;

    obtaining a consumer/transaction data set including a plurality of data fields populated with data reflecting the consumer, the merchant, the transaction, the credit issuer or any combination thereof;

    analyzing at least a portion of the consumer/transaction data set;

    based upon the results of the analysis;

    (i) offering instant credit by the credit issuer to the consumer at the point-of-sale;

    or(ii) preventing an offer of instant credit by the credit issuer to the consumer at the point-of-sale; and

    if instant credit is offered to the consumer;

    (i) accepting, by the consumer, the offer of instant credit; and

    (ii) consummating the transaction between the consumer and the merchant using the provided instant credit.

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