A SYSTEM AND METHOD FOR FACILITATING ON-LINE PAYMENT

摘要

The present invention relates to a system and method for facilitating on-lin e payment particularly for goods or services purchased via a merchant site on the Internet. The system enables payment from an existing customer account a t a financial institution, but does not require the user to provide credit car d details. The payment is implemented in real-time from the customer account t o a merchant account via a financial institution application such as an Intern et banking website. An interface is provided which is initiated via the merchan t site and which then interfaces the customer computer to the financial application having access to the customer computer's account. The customer c an then enter payment details directly with the financial institution to pay th e merchant directly for the transaction.