Auto-redeemable basket level offers in a prepaid architecture

A computer program product, comprising:

• a non-transitory computer-readable medium having computer-readable program instructions embodied therein that when executed by a computer cause the computer for applying basket level offers during purchase transactions that utilize delayed processing windows, the computer-readable program instructions comprising:
• computer-readable program instructions to receive a merchant payment request from one or more computing devices operated by a merchant system, the merchant payment request comprising an account identifier for a user account maintained by a payment management system, a transaction value, and a merchant descriptor, and wherein the merchant payment request seeks authorization for a payment transaction between the a user and the merchant system;
• computer-readable program instructions to determine an identity of the merchant system using the merchant descriptor;
• computer-readable program instructions to identify one or more available offers by comparing the identity of the merchant system to known offers;
• computer-readable program instructions to redeem the one of more offers by adjusting the transaction value by an amount of the one or more offers;
• computer-readable program instructions to determine to approve the merchant payment request for the adjusted transaction value prior to requesting a funding payment request from an issuer of one or more financial accounts saved in the user account maintained by the payment management system;
• computer-readable program instructions to, in response to determining to approve the merchant payment request, transmit a merchant payment authorization to the one or more computing devices operated by the merchant system for the adjusted transaction value;
• and
• computer-readable program instructions to submit a backing payment request, wherein a window of time has passed between the transmission of the merchant payment authorization and the submission of the backing payment request.

A system for applying basket level offers during purchase transactions that utilize delayed processing windows, the system comprising:

• a storage medium;
• and
• a processor communicatively coupled to the storage medium, wherein the processor executes application code instructions that are stored in the storage medium and that cause the system to:
• receive a merchant payment request from one or more computing devices operated by a merchant system, the merchant payment request comprising an account identifier for a user account maintained by a payment management system, a transaction value, and a merchant descriptor, and wherein the merchant payment request seeks authorization for a payment transaction between the a user and the merchant system;
• identify one or more available offers using the merchant descriptor;
• redeem the one of more offers by adjusting the transaction value by an amount of the one or more offers;
• determine to approve the merchant payment request for the adjusted transaction value prior to requesting a funding payment request from an issuer of one or more financial accounts saved in the user account maintained by the payment management system;
• in response to determining to approve the merchant payment request, transmit a merchant payment authorization to the one or more computing devices operated by the merchant system for the adjusted transaction value;
• and
• submit a backing payment request, wherein a window of time has passed between the transmission of the merchant payment authorization and the submission of the backing payment request.