Abstract: Systems and methods are disclosed herein relating to payment processing systems. Payment processing systems facilitate financial transactions between customers and vendors. Cash-enabled payment processing systems facilitate transactions by those without bank accounts or who choose to use a cash-based system. Communication between vendors and customers simplifies invoicing and encourages payment. Promise-to-pay features enable partial payments that sum to a total payment to be made prior to a due date. Partial payments may be held in a locked or trust account until a total payment is completed prior to a due date. Failure to complete a partial payment may result in a refund and/or cancelation of any remaining schedule partial payments.
Abstract: Systems and methods are disclosed herein relating to payment processing systems. Payment processing systems facilitate financial transactions between customers and vendors. Cash-enabled payment processing systems facilitate transactions by those without bank accounts or who choose to use a cash-based system. Communication between vendors and customers simplifies invoicing and encourages payment. Promise-to-pay features enable partial payments that sum to a total payment to be made prior to a due date. Partial payments may be held in a locked or trust account until a total payment is completed prior to a due date. Failure to complete a partial payment may result in a refund and/or cancelation of any remaining schedule partial payments.
Abstract: Systems and methods are disclosed herein relating to payment processing systems. Payment processing systems facilitate financial transactions between customers and vendors. Cash-enabled payment processing systems facilitate transactions by those without bank accounts or who choose to use a cash-based system. Communication between vendors and customers simplifies invoicing and encourages payment.