System for altering bill payments payable to a third party

A method for altering bill payments, the method comprising:

• receive eligibility requirements for altering bill payments payable to a third party;
• establish an agreement with the third party to provide a service for altering bill payments payable to the third party;
• receive a request from the customer to alter a bill payment payable to the third party, wherein the bill payment is associated with an original payment arrangement having an original amount due on an original payment due date;
• and
• facilitate altering the bill payment payable to the third party based at least partially on the request to alter the bill payment.

A computer program product for altering bill payments, the computer program product comprising:

• a non-transitory computer-readable medium comprising a set of codes for causing a computer to:
• receive eligibility requirements for altering bill payments payable to a third party;
• establish an agreement with the third party to provide a service for altering bill payments payable to the third party;
• receive a request from the customer to alter a bill payment payable to the third party, wherein the bill payment is associated with an original payment arrangement having an original amount due on an original payment due date;
• and
• facilitate altering the bill payment payable to the third party based at least partially on the request to alter the bill payment.