According to the invention, a method for automatically processing a
recurring transfer request from a stored value fund with an online system
is disclosed. A handler associated with a payor is determined and money
is transferred from that handler to the stored value fund. In one step,
the payor is informed that a payee accepts payment from the online
system. Subscription type information is received, which includes at
least two of a per-request payment cap, a fixed payment amount, a limit
on payment per time period, a limit on the number of payments in the time
period, and a time period. Pay-out instructions are also received and
include at least two of a payor identifier, a payee identifier, a
transfer amount, a payment description. The transfer amount is
automatically sent from the stored value fund to the payee.