Method and apparatus for providing and processing installment plans at a terminal

摘要: A central controller receives from a POS terminal purchase price and financial account identifier. The identifier specifies account, such as credit card account. controller, in turn, generates one or more installment plan identifiers defining plans for payment of the price. are based on and/or For example, certain accounts high prices may merit preferred plans. transmitted to terminal. purchaser at selects whether he would like pay his installments and, if so, using which plan. selection signal indicative accept any plans, transmits controller. signal. If indicates acceptance plan, use accepted is authorized. Thereafter, bills generated reflect charges be paid.