Patent ID: 8732077

Claim:
An apparatus for providing customers an ability to change payment type, the apparatus comprising: a computing platform including a memory and at least one processor in communication with the memory; and a payment type change module stored in the memory, executable by the processor and configured to: receive an indication that a customer has completed a transaction with a merchant using a first payment type, generate and communicate, to the customer, a change payment type notification that is configured to offer the customer an opportunity to automatically change payment type for the completed transaction from the first payment type to one of one or more second payment types, receive a customer request to change payment type from the first payment type to a customer-chosen second payment type, wherein the customer-chosen second payment type is an interest-bearing credit account, and re-route transaction payment from the first payment type to the interest-bearing credit account; and a remittance notification module, stored in the memory, executable by the processor and configured to: in response to re-routing the transaction payment to the interest-bearing credit account, generate and communicate, to the customer, a remittance notification that is configured to offer the customer an opportunity, by responding to the notification within a predetermined time period, to automatically remit funds, in an amount of the transaction, from a customer-designated financial account to the interest-bearing credit account, receive, within the predetermined time period, a customer response to the remittance notification that is configured to remit the funds, in the amount of the transaction, from the customer designated financial account to the interest-bearing credit account, and in response to receiving the customer response, transfer funds in the amount of the transaction from the customer-designated financial account to the interest-bearing credit account, wherein the transfer of funds prevents interest from being assessed to the interest-bearing credit account as a result of the re-routing of payment to the interest-bearing credit account.