Patent ID: 8666880

Claim:
A computer-implemented method comprising: receiving, by a computer-based system for processing early payments to an account, a payment in response to a billing statement associated with said account, wherein said billing statement is associated with a billing cycle and a current spend, wherein said current spend is associated with a value of transactions on said account during said billing cycle; determining, by said computer-based system, that said payment is an early payment based on an early payment date; retrieving, by said computer-based system, a discount rate, wherein said discount rate is determined by comparing an amount of eligible spend and said current spend to an early payment tier, wherein said discount rate varies based on said amount of eligible spend; calculating, by said computer-based system, an early payment credit for said account, based on said eligible spend and said discount rate; posting, by said computer-based system, said early payment credit to said account in response to said early payment being received; and adding, by said computer-based system, said early payment credit to a cycle-to-date amount including a previously issued early payment credit.