SYSTEM AND METHODS THEREOF FOR MONITORING FINANCIAL TRANSACTIONS FROM A CREDIT CLEARING DEVICE

摘要

A method and system for approval of an electronic payment by a credit clearing device (CCD) are provided. The method includes receiving a first notification respective of a payment card used to attempt a financial transaction from the CCD, the first notification containing information respective of the payment card and the attempted financial transaction; determining whether the financial transaction requires an external authorization based on at least an analysis of at least a portion of the information contained in the first notification; upon determination that an external authorization is required, identifying at least one pre-selected user device to authorize the attempted financial transaction; sending a second notification to the at least one user device; and sending a third notification to the CCD respective of a response from the at least one user device, wherein the response is any one of: an approval of the attempted financial transaction, and a denial of the attempted financial transaction.