Method and system for facilitating invoice data, payment credit transfers, real-time package tracking, and account-to-account payment on delivery

A method for real-time invoice updating and account-to-account payment, comprising:

• downloading, by a delivery computing device within a payment on delivery (POD) system, a POD software application from a processing server;
• installing, by the delivery computing device, the POD software application thereon;
• presenting, on an interface of the delivery computing device, to a recipient at a delivery location, an invoice specific to the recipient for delivery of goods;
• modifying, by the delivery computing device, using the POD software, the invoice of the recipient in response to the recipient interacting with the interface;
• dynamically updating, by the delivery comping device, the invoice for presentation to the recipient and a basis of said modifying;
• transmitting, by the delivery computing device, invoice data associated with the invoice modified by the recipient, to a processing server;
• receiving, by a receiving device of the processing server, from the delivery computing device, the invoice data;
• translating, by a processing device of the processing server, the received invoice data from an enterprise resource planning (ERP) format to an ISO 20222 format;
• generating, by the processing device of the processing server, a request for payment (RFP) message based on the translated invoice data;
• transmitting, by a transmitting device of the processing server, the RFP message to a financial institution associated with the recipient via a financial institution of a distributor;
• receiving, by the receiving device of the processing server and from the financial institution associated with the distributor, a payment confirmation for the invoice based on a real-time payment from the financial institution associated with the recipient;
• in response to receiving the payment confirmation, generating, by the processing device of the processing server, reconciliation data based on the payment confirmation and the invoice data;
• and
• transmitting, by the transmitting device of the processing server, the reconciliation data to a computing device of the distributor and a computing device of the recipient.