Patent ID: 8566230

Claim:
A method, comprising: receiving, by a central controller in communication with at least one seller and comprising at least one processor, a purchase price of a transaction and a financial account identifier specifying a financial account used for the transaction; transmitting, by the central controller, at least one installment plan option for the transaction; receiving, by the central controller, a selection signal indicative of acceptance, by a user associated with the financial account, of one of the at least one installment plan options; determining, by the central controller, an installment charge amount to include in at least two generated bills for the financial account; determining, by the central controller, a plurality of individual charges, each individual charge being for a respective purchase price of a purchase applied to the financial account in one charge; and generating, by the central controller, a bill for the financial account, the bill including: the plurality of individual charges for the respective purchase prices, and at least one installment charge amount, the at least one installment charge amount including the determined installment charge amount.