Systems and methods for managing data transfers over a network

A method for managing transfer of data over a network to a remote recipient system, the method implemented at a database management system that stores a schedule of data transfers associated with at least one record in a database, the method comprising:

• receiving a signal representing an electronic message from a third party system, the electronic message including details of a first scheduled data transfer to a first record in the database at a first transfer time;
• obtaining details of a second scheduled data transfer from the first record to the recipient system;
• determining that an effect on the first record by the first and second scheduled data transfers meets stored predefined criteria;
• updating the schedule of data transfers to change a second transfer time associated with the second scheduled data transfer;
• and
• initiating the second scheduled data transfer according to the updated schedule of data transfers.

An electronic system for managing payment transfers, the electronic system comprising:

• a communication interface;
• a memory storing a schedule of payments associated with at least one record in a database;
• and
• a processor coupled with the memory and the communication interface, the processor programmed with processor-executable instructions which, when executed, configure the processor to:
• receive, via the communication interface, a signal representing an electronic message from a third party system, the electronic message including details of a first scheduled payment to a first record in the database at a first transfer time;
• obtain details of a second scheduled payment from the first record to the recipient system;
• determine that an effect on the first record by the first and second scheduled payments meets stored predefined criteria;
• update the schedule of payments to change a second transfer time associated with the second scheduled payment;
• and
• initiate the second scheduled payment according to the updated schedule of payments.