A method and apparatus are disclosed (a) which maintain credit card account and billing data including (i) data correlating credit card numbers, cardholders, and payment information such as mailing addresses or American Banking Association (ABA) routing numbers of the payee or his representative; (ii) data from which a payment due date can be determined; and (iii) means for estimating, receiving, or calculating a payment amount equal to or greater than a minimum payment amount due during a credit card's billing cycle; (b) which provide a mechanism for automatic funding of said payment amount payable during a billing cycle; and (c) which provide a mechanism for automatically issuing said payment amount to a designated payee or his representative whereby "late fees" are avoided.

 
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< System for identifying an individual and managing an account

> Apparatus and method for processing a check, and a computer-readable recording medium storing a check processing control program

> Centralized electronic commerce card transactions

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