Payment systems and methods for accelerating debt payoff and reducing interest expense

A method of operating an electronic payment system, the method as executed by a processor comprising:

• generating funding source information based upon at least one funding source;
• generating a funding profile based upon the funding source information and client information;
• generating funding schedule information based upon at least one funding schedule based upon the at least one funding source, the funding schedule information comprising a funding schedule type;
• generating recurring payment account information based upon a plurality of recurring payment accounts;
• allocating, an available funding amount from the at least one funding source to the plurality of recurring payment accounts based upon the funding source information, the funding schedule information, and the recurring payment account information;
• wherein allocating an available funding amount from the at least one funding source comprises:
• projecting a plurality of recurring funding amounts from the at least one funding source over a predetermined time window based upon the funding profile;
• projecting a plurality of recurring payments to at least one payment account of the plurality of payment accounts over the predetermined time window based upon a payment profile;
• comparing the projected plurality of funding amounts and the projected plurality of payments to obtain projected balances;
• determining at least one minimum projected balance over the predetermined time window based upon the projected balances;
• and
• determining an excess funding amount or a payment shortage amount based upon the at least one minimum projected balance.
• refunding the excess funding amount to the at least one funding source on or after the minimum projected balance date if it is determined that there is an excess funding amount;
• and
• scheduling at least one makeup funding event if it is determined that there is a payment shortage amount.