摘要 |
Systems and methods for automated loan repayment involve utilizing consumer payment authorization, clearing, and settlement systems to allow a merchant to reduce an outstanding loan amount. After a customer identifier (e.g., a credit, debit, smart, charge, payment, etc. card account number) is accepted as payment from the customer, information related to the payment is forwarded to a merchant processor. In one embodiment, the merchant processor acquires the information related to the payment, processes that information, and then forwards the credit card or debit card batch sales reports/invoices of funds collected by the merchant to the lender or a payment receiver for the lender. The lender may then debit funds from the merchant's bank account based upon a predetermined or computed amount as at least a portion of the outstanding loan amount owed by the merchant. In another embodiment, the merchant processor may forward at least a portion of the payment directly to the lender. The lender may then keep a predetermined or computed amount of funds and return another portion to the merchant.
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