Technologies for enhanced credit transactions

A method for enhancing credit transactions, the method comprising:

• receiving, by a point of sale computing system, payment vehicle data for a credit transaction associated with a purchase event, the payment vehicle data corresponding to a payment vehicle tendered for the credit transaction;
• detecting, based on payment vehicle data or a transaction-specific parameter, that the credit transaction is an alternate routing candidate;
• transmitting, by the point of sale computing system, an authorization request message to an issuer computing system via a private network, and
• receiving, by the point of sale computing system, the authorization response message from the issuer computing system via a private network, or
• detecting, based on payment vehicle data or a transaction-specific parameter, that that the credit transaction is not an alternate routing candidate:
• transmitting, by the point of sale computing system, an authorization request message for the credit transaction to an issuer computing system via a second network out-of-band from the private network;
• and
• receiving, by the point of sale computing system, an authorization response message from the issuer computing system via the second network;
• and
• finalizing, by the point of sale computing system, the credit transaction associated with the purchase event based on the authorization response message.

A system for enhanced credit transactions, the system comprising:

• a point of sale computing device comprising a processor executing instructions stored in memory, wherein the instructions cause the processor to perform a method comprising:
• receiving, by a point of sale computing system, payment vehicle data for a credit transaction associated with a purchase event, the payment vehicle data corresponding to a payment vehicle tendered for the credit transaction;
• detecting, based on payment vehicle data or a transaction-specific parameter, that the credit transaction is an alternate routing candidate;
• transmitting, by the point of sale computing system, an authorization request message to an issuer computing system via a private network, and
• receiving, by the point of sale computing system, the authorization response message from the issuer computing system via a private network, or
• detecting, based on payment vehicle data or a transaction-specific parameter, that that the credit transaction is not an alternate routing candidate:
• transmitting, by the point of sale computing system, an authorization request message for the credit transaction to an issuer computing system via a second network out-of-band from the private network;
• and
• receiving, by the point of sale computing system, an authorization response message from the issuer computing system via the second network;
• and
• finalizing, by the point of sale computing system, the credit transaction associated with the purchase event based on the authorization response message.

A non-transitory computer readable medium storing instructions that, when executed by a computer, cause the computer to perform a method comprising:

• receiving, by a point of sale computing system, payment vehicle data for a credit transaction associated with a purchase event, the payment vehicle data corresponding to a payment vehicle tendered for the credit transaction;
• detecting, based on payment vehicle data or a transaction-specific parameter, that the credit transaction is an alternate routing candidate;
• transmitting, by the point of sale computing system, an authorization request message to an issuer computing system via a private network, and
• receiving, by the point of sale computing system, the authorization response message from the issuer computing system via a private network, or
• detecting, based on payment vehicle data or a transaction-specific parameter, that that the credit transaction is not an alternate routing candidate:
• transmitting, by the point of sale computing system, an authorization request message for the credit transaction to an issuer computing system via a second network out-of-band from the private network;
• and
• receiving, by the point of sale computing system, an authorization response message from the issuer computing system via the second network;
• and
• finalizing, by the point of sale computing system, the credit transaction associated with the purchase event based on the authorization response message.