Combination payment card and methods thereof

A system for processing an electronic transaction using a combination transaction vehicle, the system comprising:

• the combination transaction vehicle i) readable by a plurality of point-of-sale devices and ii) associated with a pooled closed-loop account and an open-loop account;
• a point-of-sale device configured to accept the combination transaction vehicle and receive a selection of the pooled closed-loop account via user interface;
• and
• an acquirer processor configured to:
• receive, over an electronic network, electronic transaction data at least identifying an account number for the combination transaction vehicle from the point-of-sale device associated with a terminal identifier, wherein the account number is cross-referenced against a known list of combination transaction vehicle accounts;
• determine, using the terminal identifier, that the electronic transaction data identifies an entity associated with the pooled closed-loop account;
• determine whether to authorize the electronic transaction as a pooled closed-loop transaction, an open-loop transaction, or a combination thereof based, at least in part, on evaluating whether the pooled closed-loop account and the open-loop account have funds to complete the electronic transaction;
• in response to the determining the pooled closed-loop account and the open-loop account have funds to complete the electronic transaction:
• return a partial approval of the electronic transaction as the pooled closed-loop transaction to the point-of-sale device without communicating with a sponsoring network or an issuer, based upon determining that the pooled closed-loop account has insufficient funds to complete the electronic transaction;
• authorize remaining portion of the electronic transaction as the open-loop transaction upon determining the open-loop account has funds to cover an amount of deficiency in the pooled closed-loop account;
• and
• transmit an authorization of the electronic transaction to the point-of-sale device.

A non-transitory computer readable medium having instructions stored thereon which, when executed by one or more processors, cause the one or more processors to perform operations for processing an electronic transaction using a combination transaction vehicle, the operations comprising:

• receiving, at an acquirer processor over an electronic network and from a point-of-sale device associated with a terminal identifier, electronic transaction data at least identifying an account number for the combination transaction vehicle associated with a pooled closed-loop account and an open-loop account, wherein the account number is cross-referenced against a known list of combination transaction vehicle accounts;
• determining, by the acquirer processor, using the terminal identifier, that the electronic transaction data identifies an entity associated with the pooled closed-loop account;
• determining, by the acquirer processor, whether to authorize the electronic transaction as a pooled closed-loop transaction, an open-loop transaction, or a combination thereof based, at least in part, evaluating whether the pooled closed-loop account, the open-loop account, or a combination thereof have funds to complete the electronic transaction;
• in response to the determining the pooled closed-loop account and the open-loop account have funds to complete the electronic transaction:
• returning, by the acquirer processor, a partial approval of the electronic transaction as the pooled closed-loop transaction to the point-of-sale device without communicating with a sponsoring network or an issuer, based upon determining that the pooled closed-loop account has insufficient funds to complete the electronic transaction;
• authorizing, by the acquirer processor, remaining portion of the electronic transaction as the open-loop transaction upon determining the open-loop account has funds to cover an amount of deficiency in the pooled closed-loop account;
• and
• transmitting, by the acquirer processor, an authorization of the electronic transaction to the point-of-sale device.