Systems and methods for partial authorization of electronic transactions

A method for managing recurring authorization requests for payment transactions, the method comprising:

• receiving, at a payment processing computing system, an authorization request from a point of sale (POS) device for an electronic transaction, the authorization request including a transaction value;
• determining, by the payment processing computing system, a configurable threshold value associated with the electronic transaction;
• transmitting, by the payment processing computing system, the authorization request to an issuer processor for approving the electronic transaction for the transaction value;
• upon determining that the issuer processor has declined the electronic transaction, re-transmitting, by the payment processing computing system, the authorization request to the issuer processor for approval, re-transmitting the authorization request comprising an iterative reduction of the transaction value until an approval is received from the issuer processor or a reduced transaction value falls below the configurable threshold value.

A non-transitory computer readable medium storing instructions which, when executed by at least one processor, cause the at least one processor to perform operations for managing recurring authorization requests for payment transactions, the operations comprising:

• receiving, at a payment processing computing system, an authorization request from a point of sale (POS) device for an electronic transaction, the authorization request including a transaction value;
• determining, by the payment processing computing system, a configurable threshold value associated with the electronic transaction;
• transmitting, by the payment processing computing system, the authorization request to an issuer processor for approving the electronic transaction for the transaction value;
• upon determining that the issuer processor has declined the electronic transaction, re-transmitting, by the payment processing computing system, the authorization request to the issuer processor for approval, re-transmitting the authorization request comprising an iterative reduction of the transaction value until an approval is received from the issuer processor or a reduced transaction value falls below the configurable threshold value.

A computing system for managing recurring authorization requests for payment transactions, the computing system comprising a non-transitory computer readable medium having instructions stored thereon which, when executed by at least one processor, cause the at least one processor to:

• receive, at a payment processing computing system, an authorization request from a point of sale (POS) device for an electronic transaction, the authorization request including a transaction value;
• determine, by the payment processing computing system, a configurable threshold value associated with the electronic transaction;
• transmit, by the payment processing computing system, the authorization request to an issuer processor for approving the electronic transaction for the transaction value;
• upon determining that the issuer processor has declined the electronic transaction, re-transmit, by the payment processing computing system, the authorization request to the issuer processor for approval, re-transmit the authorization request comprising an iterative reduction of the transaction value until an approval is received from the issuer processor or a reduced transaction value falls below the configurable threshold value.