METHOD AND SYSTEM FOR MAKING SMALL PAYMENTS USING A PAYMENT CARD

A system for conducting a financial transaction over a payment network is disclosed, which system includes a micropayment system interfaced with the payment network for allowing identification of the transaction as a micropayment transaction and allowing, at the option of the cardholder, repudiation of the micropayment transaction automatically by crediting the cardholder's account the amount of the micropayment transaction.