Abstract: A method is provided for authorizing a financial transaction between a consumer and a merchant. The method includes receiving, at a processor of a computer system, a request for authorization for the financial transaction from a credit clearing system; accessing, by the processor, an open to buy file to determine if adequate resources exist to complete the financial transaction, wherein the open to buy file corresponds to both a credit account and a deposit account that are associated with the consumer; when it is determined that the adequate resources exist, then: transferring funds, using the processor, from the deposit account to a remittance account associated with the consumer and the credit account, thereby building an outstanding balance on the credit account; and authorizing, using the processor, the financial transaction with the credit clearing system based on the transfer of funds from the deposit account to the remittance account.

Abstract: A method is provided for providing a front-end for user potential purchases to notify the user if insufficient funds are available or if other budgetary constraints are not met. Information related to their account information can be resident on a device of the user.

Abstract: A method is provided for authorizing a financial transaction of a consumer, comprising: issuing a card to a cardholder by a card-issuing financial institution; creating a card account associated with the card and the cardholder; creating a deposit account associated with the cardholder; creating a liability payment remittance account associated with the cardholder; associating the card with the deposit account and the payment remittance account; and placing money in the deposit account; receiving a request for authorization for a transaction from a clearing system by the card-issuing financial institution; and if adequate resources exist, transferring funds from the deposit account to the payment remittance account; and authorizing the purchase transaction; thereby building an outstanding balance on the credit card account; applying a funds debit or charge to the payment remittance account; and crediting the credit card account for an amount of payment.