Combination payment card and methods thereof

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 payment transaction using a combination transaction vehicle, the operations comprising:

• receiving, at an issuer processor over an electronic network, transaction information from an acquirer processor;
• determining, by the issuer processor, that the transaction information identifies a combination transaction vehicle, the combination transaction vehicle associated with at least one of a closed-loop account and an open-loop account;
• evaluating, by the issue processor, the transaction information to provide a first determination that the transaction information is received from a closed-loop merchant affiliated with the closed-loop account;
• evaluating, by the issue processor, the closed loop account to provide a second determination that the closed-loop account has insufficient resources;
• evaluating, by the issue processor and based on the second determination, the open-loop account to provide a third determination;
• and
• transmitting, by the issuer processor, an authorization or a declination to the acquirer processor over the electronic network, the authorization or the declination based on the first determination, the second determination, and the third determination.

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

• receiving, at an issuer processor over an electronic network, transaction information from an acquirer processor;
• determining, by the issuer processor, that the transaction information identifies a combination transaction vehicle, the combination transaction vehicle associated with at least one of a closed-loop account and an open-loop account;
• evaluating, by the issue processor, the transaction information to provide a first determination that the transaction information is received from a closed-loop merchant affiliated with the closed-loop account;
• evaluating, by the issue processor, the closed loop account to provide a second determination that the closed-loop account has insufficient resources;
• evaluating, by the issue processor and based on the second determination, the open-loop account to provide a third determination;
• and
• transmitting, by the issuer processor, an authorization or a declination to the acquirer processor over the electronic network, the authorization or the declination based on the first determination, the second determination, and the third determination.

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

• a combination transaction vehicle associated with at least one of a closed-loop account and an open-loop account;
• a point-of-sale device configured to accept the combination transaction vehicle;
• an acquirer processor configured to receive transaction information over an electronic network from the point-of-sale device;
• and
• an issuer processor configured to:
• receive, over an electronic network, transaction information from the acquirer processor;
• determine that the transaction information identifies a combination transaction vehicle, the combination transaction vehicle associated with at least one of a closed-loop account and an open-loop account;
• evaluate the transaction information to provide a first determination that the transaction information is received from a closed-loop merchant affiliated with the closed-loop account;
• evaluate the closed loop account to provide a second determination that the closed-loop account has insufficient resources;
• evaluate, based on the second determination, the open-loop account to provide a third determination;
• and
• transmit an authorization or a declination to the acquirer processor over the electronic network, the authorization or the declination based on the first determination, the second determination, and the third determination.