Inventors:
Edward Hall - Portland OR, US
Carl Dyess - Beaverton OR, US
International Classification:
G06Q 40/00
Abstract:
A system and method for electronic processing of periodic payments such as rent payments is disclosed. Payer tenders an electronic payment through a server interface and funds are transferred to a clearing account. Payee reviews the incoming payments and may accept a payment, in which case, funds are transferred to payee, or reject it, in which case funds are returned to the payer.