Systems, methods and machine-readable mediums for managing commitments and account receivables

A computer readable medium having stored thereon a set of instructions, which when executed by a computer having a processor and a memory, cause the computer to perform operations, comprising:

• receive data including a payor's bank account information and a payee's contact information from a payor terminal;
• storing the data in a storage device;
• receiving an electronic authorization from the payor terminal to provide a payment at a certain date to the payee;
• retrieving the payee's contact information from the storage device;
• and
• using the payee's contact information, transmitting a first electronic notification to the payee of the electronic authorization prior to providing the payment at the certain date.

A computer readable medium having stored thereon a set of instructions, which when executed by a computer having a processor and a memory, cause the computer to perform operations, comprising:

• receiving at least one commitment, from a payor terminal, for paying at least one invoice;
• transmitting a notification of the at least one commitment for display on a payee terminal as an anticipated receivable;
• receiving a first selection of a commitment, from the payee terminal, for payment processing of the anticipated receivable;
• transmitting code instructions to a processor to display, on the payee terminal, a name of at least one financial institution having a payor account;
• receiving a second selection of one or more of the at least one financial institution, from the payee terminal, for requesting a quotation on the anticipated receivable;
• transmitting the quotation, to the payee terminal, for each of the selected financial institutions;
• receiving a third selection of a financial institution with a desired quote, from the payee terminal, for payment processing of the anticipated receivable;
• and
• transmitting code instructions to debit the payor account at the selected financial institution with the desired quote.