Systems and methods for processing financial obligations of a customer

A system for processing a financial obligation of a customer, the system comprising:

• a processor;
• a primary database having stored thereon one or more financial accounts available to the customer, wherein the one or more financial accounts can be dynamically queried for a financial state;
• a transfer module executing on the processor to execute a funds transfer from a first payment source selected by the customer to satisfy the financial obligation of the customer, the financial obligation being scheduled in-advance of the financial obligation becoming due;
• and
• a payment processor module executing on the processor, configured to:
• determine if the first payment source is unavailable;
• in response to determining if the first payment source is unavailable, alerting the customer a funds transfer can not be completed from the first payment source;
• determine a second payment source with sufficient funds to satisfy the financial obligation of the customer by dynamically querying the primary database, and the second payment source is also selected based on a condition defined by the customer;
• and
• initiate the funds transfer from the second payment source to satisfy the financial obligation of the customer, the financial obligation being scheduled in-advance of the financial obligation becoming due,
• wherein the system notifies one or more companies to which the customer has other financial obligations that the secondary payment source should be used for payment of the other financial obligations.

A method of processing a financial obligation of a customer, the method comprising:

• maintaining a database of one or more financial accounts available to the customer, wherein the one or more financial accounts include primary accounts that can be dynamically queried to determine financial states of the primary accounts;
• selecting a first payment source to satisfy the financial obligation of the customer from one or more financial accounts associated with the customer and stored the database, the financial obligation being scheduled in-advance of the financial obligation becoming due;
• determining the first payment source is not available;
• in response to determining the first payment source is not available, alerting the customer the attempted funds transfer could not be completed from the first payment source;
• determining, at the payment processor, a second payment source with sufficient funds to satisfy the financial obligation of the customer based on a condition defined by the customer;
• initiating a funds transfer from the second payment source to satisfy the financial obligation of the customer;
• and
• notifying one or more companies to which the customer has other financial obligations that the second payment source should be used for payment of the other financial obligations.