Replacing a customer card payment with a one-time loan at a point of sale

A non-transitory computer-readable medium for storing instructions, the instructions comprising:

• one or more instructions which, when executed by one or more processors, cause one or more processors to:
• obtain a total monetary amount of a transaction;
• receive a debit card chip interaction, the debit card chip interaction provided as a transaction payment for said transaction, said debit card chip interaction to provide an electronic transfer of identification information from said debit card;
• utilize the identification information to perform a credit screening for a total monetary amount of the transaction;
• provide a one-time loan offer, the one-time loan offer comprising a one-time loan to be used in place of the debit card chip interaction for said transaction;
• receive an acceptance of said one-time loan offer;
• utilize said one-time loan, in place of said debit card chip interaction, to complete said transaction;
• and
• utilize a bank account information obtained from said debit card chip interaction to establish an autopayment for a repayment of said one-time loan.

A system comprising:

• a point of sale computing device (POS) to receive a debit card near field communication (NFC) interaction, the debit card NFC interaction provided as a transaction payment, said debit card NFC interaction providing an electronic transfer of identification information from said debit card to said POS;
• provide, from the POS and to a one-time loan provider computer system, a total monetary amount of the transaction payment and the identification information;
• utilize, at the one-time loan provider computer system, the identification information to perform a credit screening for the total monetary amount of the transaction payment;
• receive, at said POS and from the one-time loan provider computer system, an offer for a one-time loan, the one-time loan offer comprising a one-time loan to be used in place of the debit card NFC interaction for said transaction payment;
• present, at the POS, the offer for the one-time loan;
• provide, from said POS and to said one-time loan provider computer system, an acceptance of said one-time loan offer;
• receive, at said POS and from said one-time loan provider computer system, said one-time loan;
• use, at said POS, said one-time loan, in place of said debit card NFC interaction, to complete said transaction payment;
• and
• provide, from said POS and to said one-time loan provider computer system, a bank account information obtained from said debit card NFC interaction to establish an autopayment for a repayment of said one-time loan.