Abstract: A method and a system for switching from a selected payment method of a plurality of payment methods associated with a consolidated payment device, into an installment loan, where a transaction has been finalized, are provided herein. The method may include obtaining, at a remote server, a transaction request, responsive to initiation by a holder of a consolidated payment device, wherein the transaction request indicates a first payment method of said plurality of payment methods; authorizing the transaction request, following a process that may include verifying sufficient funds on the first payment method; receiving, at said remote server, a reselection request indicating a second payment method which comprises an installment loan; and authorizing the transaction request with the second payment method and initiating a cancel and refund process for the transaction with the first payment method.

Abstract: A method and a system for reselecting of a payment method of a plurality of payment methods associated with a consolidated payment device are provided.

Abstract: A method and a system for reselecting of a payment method of a plurality of payment methods associated with a consolidated payment device are provided.