摘要 |
<p>A method for processing a recurring transfer request from a stored value fund for an online system (see Fig. 1) is disclosed. A handler (160) associated with a payor is determined and money is transferred from that handler to the stored value fund. The payor is informed that a payee accepts payment from the online system. Subscription type information which includes two of a per-request payment cap, a fixed payment amount, a limit on payment per time period, a time period and a limit on the number of payments in the time period. Pay-out instructions are also received and include two of a payor identifier, a payee identifier, a transfer amount, a payment description. The transfer funds are automatically sent from the stored value fund to the payee.</p> |