System and method for credit card service linked with credit loan service

Abstract

The present invention relates to a credit card service system that relates the amount of purchase to a credit limit, and a method thereof. The credit card service method according to the present invention includes the first step of collecting information on purchases made under the authorization between a credit card inquiry machine and a server of a value added network company, the second step of combining the collected information on purchases into a total and then notifying the total to a bank server with which the merchant has a card account, and the third step of automatically applying a credit limit to the card account of the merchant in proportion ot the notified total. According to the present invention, the merchant does not have to wait for a credit card issuer to transfer the payment for the purchases made on customers credit card. In other words, immediately after the purchase, the merchant can use a certain amount of fund according to the purchase made on the customers credit card. If the merchant does not use the fund, the merchant is no liable to an interest. For the banks part, as the bank can allow cash advance on security of sales receipt, which is authorized by the credit card issuer, the bank has the advantages of safe investment and secured profit.

Description

technical field [0001] The present invention relates to a credit card service system and its method, and more specifically, to a method of immediately applying for a corresponding merchant credit limit according to the sales amount completed by the merchant through credit card transactions, so that the merchant who has received the credit card can receive credit card before the official payment by the credit card company A method of generating the amount of funds necessary for a sale through a credit card transaction may be used. Background technique [0002] control figure 1 , the traditional procedure for credit card payment is described as follows: [0003] If a consumer wants to pay by credit card when making a purchase at a merchant that accepts credit cards, the merchant requests a credit card payment authorization from the VAN (Value Added Network) company. [0004] The VAN company then transmits the request to the corresponding credit card company, and upon receipt...

AI Technical Summary

Problems solved by technology

Even so, there are drawbacks from a merchant's point of view, as additional fees are required to enable instant cashing out of excess quantities

[0009] 3. Since the fee is paid from the credit card company to the merchant's account at different times depending on the credit card company, the management of the payment receipt becomes complicated, and it takes a lot of time and effort to balance the costs associated with the sales generated through the credit card transaction. accounts

[0010] 4. If there is a communication problem between the merchant and the VAN company, the merchant cannot complete the sale due to the impossibility of using a credit card for transactions. there will be arguments

[0011] In other words, since the conventional credit card inquiry machine can only be connected to a single VAN company, when there is a communication problem between the merchant and the VAN company or between the VAN company and the credit card company, payment by credit card cannot be made

Images