Software system that enables instant disbursment of funds between payers and payees

A method comprising:

• transmitting a first-time enrollment request, wherein the first-time enrollment request includes initial identifying information;
• generating an out-of-band blockchain notification requesting authentication;
• receiving the out-of-band notification;
• communicating for verification and transmitting an enrollment confirmation;
• and
• transmitting an enrollment confirmation upon the successful/unsuccessful enrollment.

An apparatus comprising:

• a first circuit and/or communication circuit;
• a second circuit and/or communication circuit;
• a third circuit and/or communication circuit, wherein
• the first circuit and/or communication circuit is configured and/or programmed to transmit an initiation message to the second circuit and/or communication circuit,
• the second circuit and/or communication circuit is configured and/or programmed to generate an out-of-band blockchain notification requesting authentication in response to receiving said initiation message,
• the third circuit and/or communication circuit is configured and/or programmed to receives and accepts the notification, and send a Payment acceptance notification to the second circuit and/or communication circuit,
• the second circuit and/or communication circuit is configured and/or programmed to transmit a notification of payment acceptance message to the first circuit and/or communication circuit in a case of a successful enrollment result,
• the second circuit and/or communication circuit is configured and/or programmed to transmit a communication to the third circuit and/or communication circuit providing redemption options,
• the second circuit and/or communication circuit is configured and/or programmed to debits an account associated with the first circuit and/or communication circuit,
• the third circuit and/or communication circuit is configured and/or programmed to select either redeeming an entire payment at once or to leave a balance in an account in response to receiving the communication,
• the third circuit and/or communication circuit is configured and/or programmed to transmit the selected method of redemption, and
• the second circuit and/or communication circuit is configured and/or programmed to transmit the debit amount to the third circuit and/or communication circuit and fulfil the redemption request in response to receiving communication.

A method comprising:

• transmitting an initiation message;
• generating an out-of-band blockchain notification requesting authentication in response to receiving said initiation message,
• receiving and accepting the notification, and sending a Payment acceptance notification;
• transmitting a notification of payment acceptance message in a case of a successful enrollment result;
• transmitting a communication providing redemption options;
• debiting an account;
• selecting either redeeming an entire payment at once or to leave a balance in an account in response to receiving the communication;
• transmitting the selected method of redemption;
• and
• transmitting the debit amount and fulfilling the redemption request in response to receiving communication.