Replacing a customer card payment with a one-time loan at a point of sale

1. A computer-implemented method for replacing a debit card payment with a one-time loan at a point of sale (POS), the method comprising:

receiving, at a POS, a debit card swipe interaction, the debit card swipe interaction provided as a transaction payment, said debit card swipe interaction providing an electronic transfer of identification information from said debit card to said POS;

providing, to a one-time loan provider computer system, a total monetary amount of the transaction payment and the identification information;

utilizing, at the one-time loan provider computer system, the identification information to perform a credit screening for the total monetary amount of the transaction payment;

receiving, at said POS and from the one-time loan provider computer system, a one-time loan offer, the one-time loan offer comprising a one-time loan to be used in place of the debit card swipe interaction for said transaction payment;

providing, from said POS and to said one-time loan provider computer system, an acceptance of said one-time loan offer;

receiving, at said POS and from said one-time loan provider computer system, said one-time loan;

using, at said POS, said one-time loan to complete said transaction payment, said one-time loan used in place of said debit card swipe interaction provided as said transaction payment; and

providing, from said POS and to said one-time loan provider computer system, a bank account information obtained from said debit card swipe interaction to establish an autopayment for a repayment of said one-time loan.

2. The computer-implemented method of claim 1 , further comprising:

appending an autopayment term and condition to the one-time loan.

3. The computer-implemented method of claim 1 , further comprising:

providing a motivator, the motivator comprising a perk when the autopayment for said repayment of said one-time loan is established.

4. The computer-implemented method of claim 1 , further comprising:

providing a default time period for a repayment of the one-time loan; and

including in the one-time loan an amount equal to the transaction payment and a predefined loan cost,

the predefined loan cost being based on the default time period for the repayment of the one-time loan.

5. The computer-implemented method of claim 4 , further comprising:

receiving a change to the default time period for the repayment of the one-time loan; and

changing the one-time loan to an amount equal to the transaction payment plus a new loan cost based on the change to the default time period.

6. The computer-implemented method of claim 5 , further comprising:

reducing the new loan cost when a time period for the repayment of the one-time loan is reduced to a shorter time period than the default time period; and

increasing the new loan cost when the time period for the repayment of the one-time loan is increased to a longer time period than the default time period.

7. The computer-implemented method of claim 5 , further comprising:

defining a longest allowable time period limit for the repayment of the one-time loan; and

not allowing a change to said default time period to exceed the longest allowable time period limit.

8. The computer-implemented method of claim 5 , further comprising:

defining a minimum monthly payment amount for the repayment of the one-time loan; and

not allowing a monthly payment amount for the one-time loan to be reduced to an amount lower than the minimum monthly payment amount.

9. A non-transitory computer-readable medium for storing instructions, the instructions comprising:

one or more instructions which, when executed by one or more processors, cause one or more processors to:

obtain a total monetary amount of a transaction;

receive a debit card chip interaction, the debit card chip interaction provided as a transaction payment for said transaction, said debit card chip interaction to provide an electronic transfer of identification information from said debit card;

utilize the identification information to perform a credit screening for a total monetary amount of the transaction;

provide a one-time loan offer, the one-time loan offer comprising a one-time loan to be used in place of the debit card chip interaction for said transaction;

receive an acceptance of said one-time loan offer;

utilize said one-time loan, in place of said debit card chip interaction, to complete said transaction; and

utilize a bank account information obtained from said debit card chip interaction to establish an autopayment for a repayment of said one-time loan.

10. The non-transitory computer-readable medium of claim 9 , where the one or more instructions further cause one or more processors to:

append an autopayment term and condition to the one-time loan.

11. The non-transitory computer-readable medium of claim 9 , where the one or more instructions further cause one or more processors to:

provide an incentive when the autopayment for said repayment of said one-time loan is established.

12. The non-transitory computer-readable medium of claim 9 , where the one or more instructions further cause one or more processors to:

provide a default time period for a repayment of the one-time loan; and

include in the one-time loan an amount equal to the transaction payment and a predefined loan cost,

the predefined loan cost based on the default time period for the repayment of the one-time loan.

13. The non-transitory computer-readable medium of claim 12 , where the one or more instructions further cause one or more processors to:

receive a change to the default time period for the repayment of the one-time loan; and

change the one-time loan to an amount equal to the transaction payment plus a new loan cost based on the change to the default time period.

14. The non-transitory computer-readable medium of claim 13 , where the one or more instructions further cause one or more processors to:

reduce the new loan cost when a time period for the repayment of the one-time loan is reduced to a shorter time period than the default time period; and

increase the new loan cost when the time period for the repayment of the one-time loan is increased to a longer time period than the default time period.

15. The non-transitory computer-readable medium of claim 13 , where the one or more instructions further cause one or more processors to:

establish a maximum time period limit for the repayment of the one-time loan;

deny an option to change said default time period to exceed said maximum time period limit;

establish a minimum monthly payment amount for the repayment of the one-time loan; and

remove an option for a monthly payment amount for the one-time loan to be reduced to less than the minimum monthly payment amount.

16. A system comprising:

a point of sale computing device (POS) to receive a debit card near field communication (NFC) interaction, the debit card NFC interaction provided as a transaction payment, said debit card NFC interaction providing an electronic transfer of identification information from said debit card to said POS;

provide, from the POS and to a one-time loan provider computer system, a total monetary amount of the transaction payment and the identification information;

utilize, at the one-time loan provider computer system, the identification information to perform a credit screening for the total monetary amount of the transaction payment;

receive, at said POS and from the one-time loan provider computer system, an offer for a one-time loan, the one-time loan offer comprising a one-time loan to be used in place of the debit card NFC interaction for said transaction payment;

present, at the POS, the offer for the one-time loan;

provide, from said POS and to said one-time loan provider computer system, an acceptance of said one-time loan offer;

receive, at said POS and from said one-time loan provider computer system, said one-time loan;

use, at said POS, said one-time loan, in place of said debit card NFC interaction, to complete said transaction payment; and

provide, from said POS and to said one-time loan provider computer system, a bank account information obtained from said debit card NFC interaction to establish an autopayment for a repayment of said one-time loan.

17. The system of claim 16 further comprises:

append an autopayment term and condition to the one-time loan.

18. The system of claim 16 further comprises:

provide a default time period for a repayment of the one-time loan;

establish a maximum time period limit for the repayment of the one-time loan;

establish a minimum monthly payment amount for the repayment of the one-time loan; and

include in the one-time loan an amount equal to the transaction payment and a predefined loan cost,

the predefined loan cost based on the default time period for the repayment of the one-time loan.

19. The system of claim 18 further comprises:

receive a request to change to the default time period for the repayment of the one-time loan;

accept the change to the default time period as long as the change does not exceed the maximum time period limit, or

result in a monthly payment amount that is less than the minimum monthly payment amount; and

change the one-time loan to an amount equal to the transaction payment plus a new loan cost based on the requested change to the default time period.