NETWORK BASED FINANCIAL TRANSACTION PROCESSING SYSTEM

摘要

A system and method for processing financial payments is provided in which there is at least one user terminal, at least one account processor, and a processing server. The processing server receives financial transaction data from at least one user terminal and communicates with at least one account processor, the financial transaction data comprising an amount and an accoun t number. The processing server determines which of the account processors corresponds to the financial transaction data and transmits at least part of the financial transaction data to the determined account processor. The user terminal requires no special software other than standard web browser software. The server can update an account processor and a general ledger.