Abstract: The invention comprises a system and method for converting initial financial transactions into final financial transactions entailing lower transaction fees or which are otherwise more advantageous. According to one embodiment of the invention, a card not present (CNP) transaction is conducted for a remote consumer buying goods/services. When the consumer later arrives at a point of authentication (POA), the consumer is presented with an opportunity to have the CNP transaction effectively converted to a card present (CP) transaction using the same card instrument or a different card instrument. The merchant benefits because the transaction fees are much reduced for the CP transaction compared to the CNP transaction. The consumer may benefit from rewards/rebates or other inducements to authorizing the subsequent transaction.

Abstract: The invention comprises a system and method for “waterfall” type payment processing using multiple alternative payment sources. A payor provides account information for multiple payment sources, such as a bank checking account, savings account, first credit card account, second credit card account, and so forth. The multiple payment sources are prioritized so that one is a primary payment source, another is a secondary payment source, another is a tertiary payment source, and so forth. After setting up the waterfall payment arrangement, when a bill becomes due a payee or third party payment administrator submits transactions against the payment sources in their order of priority until the payment is satisfied. Other variations and enhancements are disclosed.

Abstract: A network computer system for providing security that includes a monitoring function for the network computer system utilizing compartments that can be logical or separate physical hardware, at least one outside server for an untrusted computer network, e.g., global computer system, at least one proxy server, at least one inside server, wherein the at least one outside server is able to read and write software code to the at least one proxy server and the at least one proxy server is able to read and write software code to the at least one inside server, wherein the monitoring function can read and execute software code from the at least one outside server, the at least one proxy server and the at least one inside server. There is a top/down security function to prevent access to higher compartments.