Value transfer card management system

A computing device, comprising:

• a processor;
• and
• a memory coupled to the processor, the memory storing computer-executable instructions that, when executed by the processor, configure the processor to:
• detect a transaction initiated at a terminal device using a value transfer card;
• receive, via the terminal device, input of a first authentication password associated with the value transfer card during a card session that begins when the value transfer card is inserted into the terminal device;
• identify at least one first card control setting associated with the first authentication password that defines one or more transaction restrictions;
• in response to determining that the transaction is not permitted based on the at least one first card control setting:
• receive, via the terminal device, input of a second override password associated with the value transfer card during the card session;
• determine that at least one second card control setting associated with the second override password defines an override condition for disabling the at least one first card control setting for the card session;
• and
• process the transaction based on disabling the at least one first card control setting.