Method, System, and Computer Program Product for Flexible Settlement Decisions

A computer-implemented method for dynamically designating a settlement window for a transaction within a settlement cycle between an acquirer and an issuer, the method comprising:

• receiving, by at least one processor, a plurality of transaction records associated with a plurality of transactions, wherein each transaction record comprises data associated with an account number of an account involved in a transaction associated with the transaction record, data associated with a transaction type of the transaction associated with the transaction record, and data associated with a transaction amount of the transaction associated with the transaction record;
• determining, by at least one processor, a first settlement window of a plurality of settlement windows to assign a transaction record of the plurality of transaction records based on settlement criteria of the first settlement window and at least one of the following:
• data associated with the account number of the account involved in the transaction associated with the transaction record,
• data associated with the transaction type of the transaction associated with the transaction record,
• data associated with the transaction amount of the transaction associated with the transaction record, or
• any combination thereof;
• assigning, by at least one processor, the transaction record of the plurality of transaction records to the first settlement window based on determining the first settlement window of the plurality of settlement windows to assign the transaction record;
• and
• performing, by at least one processor, a settlement function for a transaction associated with the transaction record assigned to the first settlement window based on assigning the transaction record of the plurality of transaction records to the first settlement window.