20130041816, Feb 14, 2013
Peter C. DiGiulio - Oakhurst NJ,
Lynn R. Simmons - Port Washington NY,
Jaroslav Kardash - Minsk,
Kathy Ann Ventour - Newark NJ,
Lauren B. Lazarus - Bayside NY,
The electronic payment systems and methods of the present disclosure accelerate debt payoff and reduce interest expense. A method of operating an electronic payment system includes storing funding source information in a database, storing funding schedule information, which includes funding schedule type, corresponding to the funding source information in the database, and allocating an available funding amount from at least one funding source to a plurality of recurring payment accounts based upon the funding source information, the funding schedule information, and recurring payment account information. A method of enrolling at least one client in an electronic payment system includes receiving client information, which includes funding source information and payment account information, selecting a regular funding cycle, determining a regular funding amount, determining a plurality of potential funding profiles based upon the client information, and selecting at least one funding profile from the plurality of potential funding profiles.