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Card Processing Methods and Systems

  • US 20170337548A1
  • Filed: 11/10/2015
  • Published: 11/23/2017
  • Est. Priority Date: 11/10/2014
  • Status: Abandoned Application
First Claim
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1. A card processing method implemented by a card processing system, comprising:

  • receiving a request to approve or reject a transaction using a multicurrency card with multiple account balances in multiple currencies, wherein the transaction is associated with a transaction amount in a transaction currency;

    determining, from the multiple account balances, a first account balance in a first currency that is the same as the transaction currency to fund the transaction amount;

    in response to determination that the first account balance is not available or insufficient to fund the transaction amount,determining, from the multiple account balances, a second account balance in a second currency that is different to the transaction account to fund the transaction amount;

    selecting an exchange rate for dynamic currency conversion of part or all of the second account balance from the second currency to the transaction currency; and

    determining whether to approve or reject the transaction based on the dynamic currency conversion using the selected exchange rate.

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