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Method for paying an obligation

  • US 20080195534A1
  • Filed: 02/12/2007
  • Published: 08/14/2008
  • Est. Priority Date: 02/12/2007
  • Status: Abandoned Application
First Claim
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1. A method for paying an obligation to a lender, comprising:

  • generating transaction settlement proceeds based on sales made by a merchant;

    depositing the transaction settlement proceeds in a first bank account, the first bank account being controlled by the lender;

    sweeping the deposited transaction settlement proceeds to a second bank account; and

    applying at least a portion of the swept transaction settlement proceeds in the second bank account as a payment on the obligation.

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