Electronic payment system and method

An electronic payment method for a customer to direct payment over an electronic funds transfer network from an originating bank, comprising the steps of:

• establishing finds transfer static data;
• completing a transaction to the point of payment;
• pushing a payment button to transmit payment input data;
• creating funds transfer status data;
• adding the finds transfer static data and the finds transfer status data to the payment input data to form funds transfer data;
• monitoring the funds transfer data and conditions to see if the transfer should be executed;
• waiting if the conditions are not met;
• extracting funds transfer instructions from the finds transfer data by applying a funds transfer interface if the conditions are met;
• and
• sending the finds transfer instructions to the originating bank.

A computer readable medium storing a computer program for electronic payment, the computer program comprising:

• computer readable code for establishing funds transfer static data;
• computer readable code for completing a transaction to the point of payment;
• computer readable code for pushing a payment button to transmit payment input data;
• computer readable code for creating funds transfer status data;
• computer readable code for adding the funds transfer static data and the funds transfer status data to the payment input data to form funds transfer data;
• computer readable code for monitoring the funds transfer data and conditions to see if the transfer should be executed;
• computer readable code for waiting if the conditions are not met;
• computer readable code for extracting funds transfer instructions from the funds transfer data by applying a funds transfer interface if the conditions are met;
• and
• computer readable code for sending the funds transfer instructions to the originating bank.