System and Method for Automated Switching of Payment Devices in a Payment Transaction

摘要

A system and method for automated switching of payment devices in a financial transaction are provided. The method comprises, in response to a payment status message from an issuer of a primary payment device which is indicative of a partial approval or a decline of a payment transaction request for the primary payment device, retrieving, from a database, identification data for a secondary payment device which is associated with the primary payment device; generating a secondary payment instruction comprising the identification data of the secondary payment device and an amount or a remaining amount of the payment transaction; and transmitting the payment instruction to an issuer of the secondary payment device.