System and method for presenting a financing instrument at a point of sale

A method for extending credit to a purchaser-borrower at a point-of-sale terminal, the method comprising:

• registering by a processor a merchant with a host system operated by or for a lending financial institution;
• receiving by the processor via a terminal operated by or for the registered merchant a request for an installment purchase agreement from a purchaser-borrower, wherein the request is made in the course of a transaction for the purchase of goods or services selected for purchase by the purchaser-borrower from the registered merchant and the installment purchase agreement represents a payment instrument for payment to the registered merchant of a purchase price for the goods or services;
• sending by the processor a request to the terminal operated by or for the registered merchant for financial information from the purchaser-borrower;
• sending by the processor a request to the host system for velocity data;
• receiving by the processor the financial information and the velocity data;
• determining by the processor from the financial information received from the purchaser-borrower whether the credit worthiness of the purchaser-borrower exceeds a first threshold;
• determining by the processor from the velocity data whether a risk factor exceeds a second threshold;
• and
• authorizing by the processor payment of the registered merchant in full by the lending financial institution for the goods or services elected for purchase by the purchaser-borrower when both the first and second thresholds are exceeded.