SYSTEM AND METHOD FOR ADMINISTERING A FINANCIAL PROGRAM INVOLVING THE COLLECTION OF PAYMENTS

摘要

A system for administering a financial program (102) involves the collection of payments. The system includes a debit system for coordinating the administration of the financial program, which includes interface logic for allowing a user to interact with the debit system (110), and bach processing logic for performing bach processing associated with the financial program. The system further includes at least one support system coupled to the debit system for handling an aspect of the administrating of the financial program, and for communicating with the debit system. The system further includes a data storage (109) for storing data tables (114) used by the debit system in the administration of the financial program. The data storage also includes a representation of information as maintained by a retired system previously used for administering the financial program. In a preferred embodiment, the financial program is an insurance program with payment due dates occurring weekly or monthly.