Abstract: A payment system is described. The payment system includes a transaction system. The transaction system is configured to receive, from a merchant system, a request for a code to complete a sales transaction between the merchant system and a payment application installed on a client system, the request including information about the sales transaction. The payment system is also configured to, in response to the request for the code to complete the sales transaction, generate the code based on the information about the sales transaction. Further, the transaction system is configured to transmit the code to the merchant system. The merchant system is configured to provide the code to the client system.

Abstract: A payment system is described. The payment system includes a transaction system. The transaction system is configured to receive, from a merchant system, a request for a code to complete a sales transaction between the merchant system and a payment application installed on a client system, the request including information about the sales transaction. The payment system is also configured to, in response to the request for the code to complete the sales transaction, generate the code based on the information about the sales transaction. Further, the transaction system is configured to transmit the code to the merchant system. The merchant system is configured to provide the code to the client system.

Abstract: A payment system is described. The payment system includes a transaction system. The transaction system is configured to receive a request for a code to complete a sales transaction, the request including information about the sales transaction. The payment system is also configured to, in response to said request for said code to complete said sales transaction, generate said code based on the information about the sales transaction. Further, the transaction system is configured to transmit said code to a merchant.

Abstract: A payment system is described. The payment system includes a transaction system. The transaction system is configured to receive a request for a code to complete a sales transaction, the request including information about the sales transaction. The payment system is also configured to, in response to said request for said code to complete said sales transaction, generate said code based on the information about the sales transaction. Further, the transaction system is configured to transmit said code to a merchant.

Abstract: System and method for generating a rotating funding cycle for a web-based peer-to-peer rotating funding circle executed on a web service platform of a funding system is disclosed. In embodiments, a rotating funding cycle is generated based on a party's selection of criteria associated with the funding circle. Financial transactions between parties within a peer-to-peer funding circle are executed according to the rotating funding cycle. The rotating funding cycle provides an advantage of allowing every party to benefit from a rotating fund on a cycle-to-cycle basis.

Abstract: Various methods and systems for facilitating web-based peer-to-peer rotating financial transactions associated with a rotating fund shared among a circle of peers connected within one or more social networks are disclosed. In embodiments, a web service platform executed by a funding system enables a first party to organize a funding circle. The parties participating in the funding circle are invited from at least one social network associated with the first party. The financial transactions associated with the funding circle are pre-approved with one or more electronic payment processing services. As such, the rotating funding system leverages the advantages of automated electronic payment services and social networking services to provide a seamlessly integrated platform for engaging in the peer-to-peer rotating financial transactions.

Abstract: A system and method for generating risk management tools for web-based peer-to-peer rotating financial transactions executed by a funding system is disclosed. The risk management tools assist a funding circle organizer in addressing late contribution payments. Additionally, the risk management tools assist the participating parties in default risks when the organizer is the late contributor. In some embodiments, various implementations involving social pressure are applied to address the late payments (e.g. web service platform transparency, Circle score, reminder messages). In other embodiments, resolution options are generated to provide the organizer, and/or participating parties, with specific actions to take in regards to the late contributor (e.g. shift cycle, suspend, cancel, restart, etc.).