System, program product, and method to authorized draw for retailer optimization

Non-transitory computer-readable medium encoded with computer program operable on a computer to allow a plurality of customers to access a plurality of line of credits associated with a plurality of customer accounts, the computer program when executed by the computer, perform the operations of:

• establishing, by the computer associated with a financial institution to define a financial institution computer, responsive to customer underwriting data and predetermined qualification parameters, a plurality of line of credit accounts associated with a plurality of customer accounts for a plurality of customers, the plurality of line of credit accounts having a plurality of total credit limits and adapted to be drawn in at least one of a plurality of separate predetermined loan increments each being equal in value;
• determining, by the financial institution computer, a number of separate predetermined loan increments to be added to the one or more of the plurality of customer accounts responsive to a determination to advance funds from one or more of the plurality of line of credit accounts for the one or more customer transactions;
• loading, by the financial institution computer, the one or more of the plurality of customer accounts with at least one of the plurality of separate predetermined loan increments that corresponds with the determined number of separate predetermined loan increments to thereby define loaded predetermined increments, when the loaded predetermined increments not exceeding a line of credit balance available for the one or more of the plurality of line of credit accounts;
• and
• determining, by the financial institution computer, a loan advance fee for the loaded predetermined increments, the loan advance fee being equal to a predetermined financial institution fee plus a predetermined retailer fee multiplied by the number of separate predetermined loan increments.

A computer-implemented method to allow a plurality of customer to access a plurality of line of credits, the computer-implemented method comprising:

• establishing, by a computer associated with a financial institution and defining a financial institution computer, a plurality of line of credit accounts associated for a plurality of customers, the plurality of line of credit accounts having a plurality of total credit limits and adapted to be drawn in at least one of a plurality of separate predetermined loan increments each being equal in value;
• determining, by the financial institution computer, a number of separate predetermined loan increments to be added to the one or more of the plurality of customer accounts responsive to a determination to advance funds from one or more of the plurality of line of credit accounts for the one or more customer transactions;
• loading, by the financial institution computer, the one or more of the plurality of customer accounts with at least one of the plurality of separate predetermined loan increments that corresponds with the determined number of separate predetermined loan increments to thereby define loaded predetermined increments, the loaded predetermined increments not exceeding a line of credit balance available for the one or more of the plurality of line of credit accounts;
• and
• determining, by the financial institution computer, a loan advance fee for the loaded predetermined increments, the loan advance fee being equal to a predetermined financial institution fee plus a predetermined retailer fee multiplied by the number of separate predetermined loan increments.