SYSTEM AND METHOD FOR MANAGING RISK IN WEB-BASED PEER-TO-PEER ROTATING FINANCIAL TRANSACTIONS

摘要

A system and method for generating risk management tools for web-based peer-to-peer rotating financial transactions executed by a funding system is disclosed. The risk management tools assist a funding circle organizer in addressing late contribution payments. Additionally, the risk management tools assist the participating parties in default risks when the organizer is the late contributor. In some embodiments, various implementations involving social pressure are applied to address the late payments (e.g. web service platform transparency, Circle score, reminder messages). In other embodiments, resolution options are generated to provide the organizer, and/or participating parties, with specific actions to take in regards to the late contributor (e.g. shift cycle, suspend, cancel, restart, etc.).