Method and system for dynamically adjusting discount rates for a card transaction

A computer implemented system for dynamically adjusting discount rates for a card transaction, the computer implemented system comprising:

• a processor;
• an issuing module for identifying credit worthiness of at least one consumer;
• assigning a credit level to a line of credit associated with a credit product for the at least one consumer wherein the credit product is accepted at an identified one or more merchants within a closed loop network;
• and assigning a financing charge to the line of credit;
• and
• a rate determining module for determining a discount rate for at least one transaction based at least in part on the credit worthiness of the at least one consumer and based at least in part on merchant-related data;
• and applying the discount rate when the at least one transaction is made with the credit product at the identified one or more merchants within the closed loop network, wherein the discount rate is paid by the identified one or more merchants;
• wherein the discount rate is dynamically adjusted as the credit worthiness of the at least one consumer;
• and wherein the processor, the issuing module, the rate determining module are interoperatively connected.

An automated computer implemented method for dynamically adjusting discount rates for a card transaction, wherein the method is executed by a programmed computer processor, the computer implemented method comprising the steps of:

• identifying credit worthiness of at least one consumer, at an issuing module using the programmed computer processor;
• assigning a credit level to a line of credit associated with the credit product, at the issuing module using the programmed computer processor, wherein the line of credit is for general use within a card association network;
• assigning a financing charge to the line of credit, at the issuing module using the programmed computer processor;
• determining a discount rate for at least one transaction based at least in part on the credit worthiness of the at least one consumer and based at least in part on merchant-related data, using the programmed computer processor;
• and
• applying the discount rate when the at least one transaction is made with the credit product, at the rate determining module using the programmed computer processor;
• wherein the discount rate is dynamically adjusted as the credit worthiness of the at least one consumer changes.

A computer implemented system for dynamically adjusting discount rates for a card transaction, the computer implemented system comprising:

• a processor;
• an issuing module for identifying credit worthiness of at least one consumer;
• assigning a credit level to a line of credit associated with the credit product wherein the line of credit is for general use within a card association network;
• and assigning a financing charge to the line of credit;
• and
• a rate determining module for determining a discount rate for at least one transaction based at least in part on the credit worthiness of the at least one consumer and based at least in part on merchant-related data;
• and applying the discount rate when the at least one transaction is made with the credit product;
• wherein the discount rate is dynamically adjusted as the credit worthiness of the at least one consumer;
• and wherein the processor, the issuing module, the rate determining module are interoperatively connected.

An automated computer implemented method for dynamically adjusting discount rates for a card transaction, wherein the method is executed by a programmed computer processor, the computer implemented method comprising the steps of:

• identifying credit worthiness of at least one consumer, at an issuing module using the programmed computer processor;
• assigning a credit level to a line of credit associated with a credit product for the at least one consumer, at the issuing module using the programmed computer processor, wherein the credit product is accepted at an identified one or more merchants;
• assigning a financing charge to the line of credit, at the issuing module using the programmed computer processor;
• determining a discount rate for at least one transaction based at least in part on the credit worthiness of the at least one consumer and based at least in part on merchant-related data, using the programmed computer processor;
• and
• applying the discount rate when the at least one transaction is made with the credit product, at the rate determining module using the programmed computer processor;
• wherein the discount rate is dynamically adjusted as the credit worthiness of the at least one consumer changes.