Combination payment card and methods thereof

A computer-implemented method of processing an electronic transaction using a combination transaction vehicle, the computer-implemented method comprising:

• receiving, at an acquirer processor over an electronic network and from a point-of-sale device, electronic transaction data at least identifying a combination transaction vehicle associated with a pooled closed-loop account and an open-loop account;
• receiving, at the acquirer processor, a selection of the pooled closed-loop account;
• determining, by the acquirer processor, that the electronic transaction data identifies an entity associated with the pooled closed-loop account;
• and
• returning, by the acquirer processor over the electronic network, one or more approvals to the point-of-sale device based on determining:
• (i) that the pooled closed-loop account has insufficient resources to complete the electronic transaction and (ii) that the open-loop account has sufficient resources to complete the electronic transaction.

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

• a 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 the combination transaction vehicle from the point-of-sale device;
• receive, over the electronic network, the selection of the pooled closed-loop account from the point-of-sale device;
• determine that the electronic transaction data identifies an entity associated with the pooled closed-loop account;
• and
• return, over the electronic network, one or more approvals to the point-of-sale device based on determining:
• (i) that the pooled closed-loop account has insufficient resources to complete the electronic transaction and (ii) that the open-loop account has sufficient resources to complete the electronic transaction.

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, electronic transaction data at least identifying a combination transaction vehicle associated with a pooled closed-loop account and an open-loop account;
• receiving, at the acquirer processor, a selection of the pooled closed-loop account;
• determining, by the acquirer processor, that the electronic transaction data identifies an entity associated with the pooled closed-loop account;
• and
• returning, by the acquirer processor over the electronic network, one or more approvals to the point-of-sale device based on determining:
• (i) that the pooled closed-loop account has insufficient resources to complete the electronic transaction;
• and (ii) that the open-loop account has sufficient resources to complete the electronic transaction.