SYSTEM FOR MULTIPLE ACCOUNT SETTLEMENT

摘要

A system for pre-approved alternate payors, including, but not limited to, parents, guardians, caregivers, or custodians, to pay for certain monthly charges on an underlying credit card holder's statement from a financial institution. The alternate payors may or may not also be banking customers of the issuing financial institution. The credit card holder selects a pre-approved alternate payor for a particular charge, and authorizes the system to send a payment request to the pre-approved alternate payor. Both the underlying credit card holder and the preapproved alternate payor approve each individual charge that will be debited from the alternate payor's specified account.

主权项

1. A method for improving online payment of account charges, comprising:
reviewing, on a display screen, a list of account charges for a selected account with a first financial institution; selecting, using a processor or microprocessor, for a first account charge from said list of account charges, a pre-approved alternate payor; and approving sending of an electronic notification to said pre-approved alternate payor soliciting payment of said first account charge.