INSTALLMENT INITIATION VIA AUTHORIZATION DATA TRANSMISSION

Abstract

Techniques described herein are directed to receiving account information associated with an existing account of a user, and receiving a request to set up unique payment data associated with a maximum amount for transactions to be paid back using multiple future installments. The systems also generates the unique payment data that remains valid before an expiration date or until the maximum amount is exceeded. A merchant device receives data associated with a transaction, and the system determines, based at least in part on the data associated with the transaction, that the total amount is less than the maximum amount and that the data associated with the transaction is associated with a time. The system initiates the multiple future installments at respective points in time such that they are fulfilled by the existing account of the user.

CPC Classifications