Systems, methods and machine-readable mediums for consolidating financial information from multiple accounts maintained with a plurality of financial institutions

A system for electronically notifying beneficiaries of a scheduled payment, the system comprising:

• a storage device to store data including at least one payee contact information and a payor's bank account information with a plurality of financial institutions, the payor's bank account information is selected from a group consisting of a payor's bank name, a payor's bank contact information, a payor's bank account number, and a payor's bank routing number;
• and
• a processor configured to:
• receive the data from a payor terminal,
• transmit the data to the storage device for storage,
• receive an electronic authorization from the payor terminal to schedule a payment to the payee, the payment to be made at a certain date using at least one payor's bank account information,
• retrieve the payee's contact information from the storage device to transmit a first electronic notification to the payee of the payment scheduled to be made at the certain date, and
• transmit, prior to the certain date, the first electronic notification to the payee of the payment scheduled to be made at the certain date.

A system for processing loan applications, the system comprising:

• a storage device to store financial data and selection criteria data from a plurality of financial institutions and commercial data from a plurality of businesses, the financial data including at least one business account information maintained with each financial institution, the commercial data including at least one of an invoice, a purchase order, a service order, a receipt, a title and a contract;
• and
• a processor configured to:
• receive a loan application from at least one business,
• retrieve, from the storage device, the commercial data and the financial data for the at least one business,
• generate a report on a financial condition of the at least one business based on the financial data and the commercial data,
• apply the selection criteria data to filter the at least one business based on its financial condition and to automatically select one or more lending institutions from the plurality of lending institutions, and
• transmit the report and the loan application to a lending institution terminal for each of the selected lending institutions.