System and method for single event authorization control of transactions

A method for processing an authorization request associated with a financial service transaction, comprising the steps of:

• receiving an authorization data record comprising a plurality of transaction parameters associated with the authorization request;
• determining if the authorization request is qualified for processing by a single event action control (SEAC) authorization process by identifying whether the authorization data record comprises an identifier specifying the SEAC authorization process;
• if the authorization request is qualified to proceed through the SEAC authorization process, receiving at least one SEAC data record comprising at least one SEAC action based on the authorization data record associated with the authorization request;
• selecting the SEAC data record that matches the transaction parameters and evaluating whether any SEAC action in the selected SEAC data record can be taken for the authorization request;
• and
• if so, then generating an authorization response for the financial service transaction by performing all SEAC actions in the selected SEAC data record that can be taken for the authorization request.

A system for processing an authorization request associated with a

• financial service transaction, comprising
• a host computer, operable to maintain a plurality of databases comprising financial service transaction authorization data;
• and
• the authorization platform, coupled to the host computer and a telecommunications system, operable to receive the authorization request over the telecommunications system and to accept a loading of the databases from the host computer,
• the authorization platform operative to generate an initial authorization decision by completing a conventional transaction authorization based on the financial service transaction authorization data in response to receiving the authorization request,
• the authorization platform further operative to perform a single event action control (SEAC) authorization in the event that the authorization request qualifies for SEAC authorization handling by completing at least one SEAC action based on the financial service transaction authorization data and generating a decision regarding authorization for the financial service transaction by applying each completed SEAC action to the initial authorization decision.