Efficient and incentivized enrollment in an automatic payment program for recurring bills
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United States of America Patent
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N/A
Issued Date -
Jun 8, 2006
app pub date -
Dec 1, 2004
filing date -
Dec 1, 2004
priority date (Note) -
Abandoned
status (Latency Note)
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Abstract
Systems and methods are described for a customer to enroll in and manage a program for automatic payment for the recurring bills of a number of merchants within a single interface. The interface can be provided by the customer's credit card-issuing financial institution, which contacts the customer-selected merchants and arranges for automatic payment via the credit card. As an incentive for the customer's enrollment, an award such as award points or a lower rate of interest can be provided with respect to the automatically made transactions.
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