Abstract: A system and method facilitates secure payments to a payee, according to custom preferences of the payee. The system is offered by the payer (as opposed to the biller) using a third party and, a payee can enroll with a customized account processing center (CAPC), which is the third party. The CAPC captures and stores payment information about the payee from the payer and payee. The payee registers preferences for funds deposit and also the payee's preferred remittance format. When a payee is registered and elects payment via electronic funds transfer, the CAPC issues instructions to the bank to transfer funds from the payer's bank account to the payee's registered preferred bank account. The CAPC can also create a detailed record of payment histories and remittance details which are accessible to the payee. Remittance details are delivered in the payee's registered preferred format and routed to the payee's registered destination.