Method for collecting and processing electronic donations from an financial account

A non-transitory computer readable medium comprising computer executable instructions which when executed by a computer cause the computer to perform a method for collecting and processing electronic donations from an electronic account of a user, initiated by the user at a user terminal, the method comprising:

• providing an electronic donation application to be executed on the user terminal;
• presenting, via user selection of a recipient for the electronic donation, at least one destination entity as potential recipient for the electronic donation;
• receiving, via the electronic donation application, a user selection of a recipient for the electronic donation together with the amount of the financial transaction for the donation;
• transmitting, from the electronic donation application, a donation request to a donation processing server, the request including the amount of the financial transaction, the designated recipient for the financial transaction, user information and electronic account information;
• storing the donation request, by a collection application executed on the donation processing server;
• transmitting at least one financial transaction request from the donation processing server to a payment service provider for processing the financial transaction from the financial account of the user to a donation receiving entity, wherein the at least one financial transaction request is transmitted when the amount(s) specified in the donation request(s) stored by the collection application exceed a predefined threshold amount and/or after a predefined period of time has lapsed;
• receiving, at the donation processing server, a financial transaction confirmation receipt from the payment service provider, indicating that the financial transaction has been processed;
• transmitting, from the donation processing server, a donation confirmation to the donation receiving entity, the donation confirmation containing at least the amount corresponding to the designated recipient and the user information.

An apparatus for collecting and processing electronic donations from an electronic account of a user, initiated by the user at a user terminal, the apparatus comprising:

• a memory;
• and
• at least one processor, coupled to said memory, and operative to:
• provide an electronic donation application to be executed on the user terminal;
• present, via user selection of a recipient for the electronic donation, at least one destination entity as potential recipient for the electronic donation;
• receive, via the electronic donation application, a user selection of a recipient for the electronic donation together with the amount of the financial transaction for the donation;
• transmit, from the electronic donation application, a donation request to a donation processing server, the request including the amount of the financial transaction, the designated recipient for the financial transaction, user information and electronic account information;
• store the donation request, by a collection application executed on the donation processing server;
• transmit at least one financial transaction request from the donation processing server to a payment service provider for processing the financial transaction from the financial account of the user to a donation receiving entity, wherein the at least one financial transaction request is transmitted when the amount(s) specified in the donation request(s) stored by the collection application exceed a predefined threshold amount and/or after a predefined period of time has lapsed;
• receive, at the donation processing server, a financial transaction confirmation receipt from the payment service provider, indicating that the financial transaction has been processed;
• transmit, from the donation processing server, a donation confirmation to the donation receiving entity, the donation confirmation containing at least the amount corresponding to the designated recipient and the user information.