SYSTEM AND METHOD FOR SWITCHING OF FINANCIAL ACCOUNTS BETWEEN FINANCIAL INSTITUTIONS

摘要

A method may include receiving documentation that authorizes changing an automatic payment method of at least one biller account of a user from an old payment method to a new payment method; retrieving payment transaction details of the at least one biller account from the user; generating a switch schedule for the at least biller account based on the payment transaction details, the switch schedule including a date when the new payment method for the at least one biller account takes effect; and transmitting a notification to a biller of the at least one biller account, the notification requesting a transfer to the new payment method.