An electronic payment system, a computer-implemented method, and a computer readable medium having stored thereon a computer executable program code for processing of the electronic medical invoices and reimbursement of medical costs is disclosed herein. The electronic payment system comprises a server operable for execution of an application management component and a set of server applications comprising receiver applications and processing applications, wherein the server comprises a processing unit and a memory storing computer executable code which when executed by the processing unit cases the server to execute the computer-implemented method.