AUTOMATIC CONSUMER DEBIT AND PAYMENT SYSTEM

摘要

Customers provide payday and creditor/biller information to a payment service, which determines the customer's aggregated monthly payments on periodic accounts such as vehicle loans and mortgages and then on each payday deducts a fraction of the aggregated amount in a single transaction, resulting in only a single fee to the customer. The fraction depends on how many times per month the customer is paid. The customer's funds are held in a trust account and on days that payment for a respective creditor is due during the month, the respective creditor is automatically paid out of the trust account.

主权项

1. Computer system comprising:
at least one computer readable storage medium accessible to the processor with instructions which when executed by at least one processor configure the processor to: access customer income receipt information associated with a customer, the customer income receipt information indicating when the customer receives income at respective future dates and/or times; access information related to at least first and second creditors to which the customer owes respective first and second payments; add the first and second payments together to render an aggregated payment; at one or more of the future dates and/or time, debit an account of the customer by at least a portion of the aggregated payment in a single debit transaction such that the customer account is debited only once to cover both the first and second payments; from the aggregated payment, remit to the first and second creditors the respective first and second payments, debit at least a portion of an aggregated debt service amount from the account of the customer every two weeks for a calendar year such that an extra month's aggregated debt service amount is deducted from the account of the customer during the calendar year; use at least part of the extra month's debt service amount to establish an enrollment fee at least part of which is payable to an entity affiliated with the computer and/or an enrollment agent who enrolled the customer with the computer.