Patent ID: 8510189
Filing Date: 2013-08-13
Classification: G06Q

Abstract:
1. A method for implementing a future payment transaction for payments owed, comprising: providing a user with an ability to submit a future payment request to a server arrangement, wherein the future payment request comprises a request to pay money ahead of schedule for at least a portion of any scheduled payment selectable by the user representing money owed at a future date, wherein the user is provided with an ability to submit the future payment request for an out-of-sequence scheduled payment using an acceptable set of payment alteration options approved by a party owed money by the user; processing said future payment request at the server arrangement, wherein the server arrangement is configured to evaluate the future payment request by the user and, when acceptable, provide a decision comprising approval of the future payment request, and when unacceptable, provide the decision comprising denial of the future payment request; presenting the decision to the user; and offering the user an ability to submit an alternate future payment request according to the acceptable set of payment alteration options when the future payment request is unacceptable, and processing each alternate future payment request at the server arrangement; wherein processing the future payment request at the server arrangement comprises comparing the future payment request against rules available to the server arrangement established for the party owed money by the user, and when such comparing indicates the future payment request is unacceptable, providing the denial of the future payment request.