Payment Processing System Debt Conversion Notification

In a payment processing system in which a transaction handler processes a plurality of transactions each characterized by a consumer and a merchant engaging in one said transaction upon an account within the payment processing system that an issuer has issued to the consumer, wherein the merchant submits the transaction to an acquirer for processing by the transaction handler who requests the issuer to disburse funds from the consumer for the transaction, and wherein the issuer forwards the funds to the transaction handler who forwards the funds to the acquirer to disburse the funds to the merchant for the transaction, a computer-implemented method comprising:

• receiving a plurality of debts of the consumer to a plurality of said merchants, wherein each said debt includes a merchant identifier for each said merchant;
• addressing, for each of the merchant identifiers, a first notice to the consumer requesting the consumer to have the issuer issue, within the account, a sub-account that is unique to the corresponding said merchant for making a future said transaction payable upon the sub-account;
• for each said sub-account corresponding to each said merchant:
• receiving a confirmation that the issuer has issued the sub-account;
• aggregating the debts corresponding to each said merchant;
• setting a credit limit for the sub-account corresponding to the aggregated debts of each said merchant;
• addressing a second notice to the merchant requesting the merchant to include an indicator for the sub-account with the future said transaction;
• receiving the indicator for the sub-account in conjunction with the future said transaction;
• validating that the future said transaction is payable upon the sub-account using the indicator for the sub-account;
• and
• notifying the issuer that the future said transaction is payable upon the sub-account.

In a payment processing system in which a transaction handler processes a plurality of transactions each characterized by a consumer and a merchant engaging in one said transaction upon an account within the payment processing system, wherein an issuer has issued the account to the consumer, and wherein the merchant submits the one said transaction to an acquirer for processing by the transaction handler who requests the issuer to disburse funds from the consumer for the one said transaction, and wherein the issuer forwards the funds to the transaction handler who forwards the funds to the acquirer to disburse the funds to the merchant for the one said transaction, a computer-implemented method comprising:

• receiving a debt of a buyer to the merchant and including a buyer identifier for the buyer;
• determining, using the buyer identifier, whether the buyer is one said consumer within the payment processing system;
• addressing a first notice to the merchant, when the buyer is not one said consumer, seeking permission from the merchant to ask the buyer to become one said consumer in the payment processing system;
• and
• when the buyer is one said consumer:
• addressing a second notice to the one said consumer requesting the one said consumer to have the issuer issue, within the account, a sub-account that is unique to the merchant for making a future said transaction between the one said consumer and the merchant payable upon the sub-account;
• receiving a confirmation that the issuer has issued the sub-account including an indicator for the sub-account;
• receiving the future said transaction between the one said consumer and the merchant including the indicator for the sub-account;
• validating that the future said transaction is payable upon the sub-account using the indicator for the sub-account;
• and
• notifying the issuer that the future said transaction between the one said consumer and the merchant is payable upon the sub-account.

In a payment processing system in which a transaction handler processes a plurality of transactions each characterized by a consumer and a merchant engaging in one said transaction upon an account within the payment processing system, a computer-implemented method comprising:

• receiving a plurality of debts to the merchant by a plurality of said consumers, wherein each said debt includes a consumer identifier unique to each said consumer;
• addressing, to each said consumer, a first notice requesting that the consumer have an issuer issue a sub-account that is unique to the merchant for making a future said transaction payable upon the sub-account, wherein the sub-account is associated with the account;
• and
• for each said sub-account corresponding to each said consumer:
• aggregating the debts corresponding to each said consumer;
• setting a credit limit for the sub-account corresponding to the aggregated debts of each said consumer;
• addressing a second notice to the merchant requesting the merchant to include an indicator for the sub-account with the future said transaction;
• receiving the indicator for the sub-account in conjunction with the future said transaction;
• validating that the future said transaction is payable upon the sub-account using the indicator for the sub-account;
• and
• notifying the issuer that the future said transaction is payable upon the sub-account.