Patent ID: 11915218
Assignee: MASTERCARD INTERNATIONAL INCORPORATED
Field: IT methods for management (Electrical engineering)
Classification: CPC G | IPC G

Claim 12:
13. A method comprising:
receiving, via a network interface, point-of-sale (POS) transactions transmitted from a merchant POS terminal over an electronic payment network;
downloading and installing an application programming interface (API) that enables a computing system of a lender and a computing system of an acquirer of the merchant to communicate directly with each other;
receiving, via the API, an API call from the computing system of the lender with a request to allocate a ratio of daily payments submitted from the merchant POS terminal to a lender payment account, wherein the API call comprises a merchant identifier, an account identifier of a payment account of the merchant with the lender, and a request to split merchant POS transactions according to a repayment ratio value;
establish a recurring and automatic push of a portion of daily POS transactions to the lender payment account to repay a pre-existing obligation of the merchant with the lender based on the repayment ratio value;
aggregating the received POS transactions and depositing funds from the aggregated POS transactions into a merchant payment account during a daily settlement process;
automatically triggering a recurring payment transaction that pushes a portion of the aggregated POS transactions from the merchant payment account to the lender payment account via an electronic payment network based on the established repayment ratio value, wherein the automatically triggering comprises intentionally delaying the execution of the recurring payment transaction until a predetermined period of time after an end of the daily settlement process which is almost instantaneous with the end of the daily settlement process, and automatically pushing the recurring payment transaction to the computing system that hosts the lender payment account after an end of the predetermined period of time; and
iteratively triggering additional recurring payment transactions over the electronic payment network on additional subsequent days which push portions of additional funds from additional aggregated POS transactions received from the merchant POS terminal from the merchant payment account to the lender payment account.