Transmitting disbursements from a commercial financial account

A method for transmitting disbursements in real time from a payor to a plurality of payees through a payment processing network, the method is implemented by a disbursement computing device in communication with a payment processing server computing device, the payment processing server computing device in communication with a payment processing network, the payment processing network including a payor device associated with the payor and a payee device associated with the payee, the disbursement computing device includes one or more processors in communication with a memory, said method comprising:

• receiving from the payor device, a disbursement message including a plurality of disbursement payment instructions, each of the plurality of disbursement payment instructions for transferring funds from a commercial disbursement financial account of the payor to a financial account of a respective payee, each disbursement payment instruction including a payor identifier, a payee identifier, and a disbursement amount;
• automatically generating, for each disbursement payment instruction, a purchase authorization request message that includes the disbursement amount and a disbursement authorization identifier, wherein the disbursement authorization identifier associates each purchase authorization request message with a corresponding disbursement payment instruction;
• generating a table associating each disbursement authorization identifier with a corresponding disbursement payment instruction;
• automatically transmitting, for each disbursement payment instruction, the corresponding purchase authorization request message to the payment processing server computing device for transmission through the payment processing network to an issuer bank associated with the payor;
• receiving, from the issuer bank associated with the payor, a plurality of payment authorization messages, each payment authorization message associated with a corresponding purchase authorization request message, wherein each payment authorization message (i) indicates whether the commercial disbursement financial account has a balance that covers the corresponding disbursement amount, and (ii) includes the corresponding disbursement authorization identifier;
• storing, in the table, a validation indicator for each payment authorization message indicating the commercial disbursement financial account has sufficient funds to cover the corresponding disbursement amount, the validation indicator indicating that the corresponding purchase authorization request message was validated by the issuer bank, wherein the validation indicator is associated with the corresponding disbursement payment instruction;
• and
• initiating through the payment processing server computing device, for each validated payment authorization message, a transfer of funds equal to the corresponding disbursement amount from the financial account of the payor to the corresponding financial account of the payee.

A non-transitory computer-readable storage medium having computer-executable instructions embodied thereon for transmitting disbursements in real time from a payor to a plurality of payees through a payment processing network, wherein when executed by a disbursement computing device coupled to a payment processing server computing device in communication with the payment network, the payment network including a payor device associated with the payor and a payee device associated with a respective payee, the disbursement computing device having at least one processor coupled to a memory, the computer-executable instructions cause the disbursement computing device to:

• receive, from the payor device, a disbursement message including a plurality of disbursement payment instructions, each of the plurality of disbursement payment instructions for transferring funds from a commercial disbursement financial account of the payor to a financial account of a respective payee, each disbursement payment instruction including a payor identifier, a payee identifier, and a disbursement amount;
• automatically generate, for each disbursement payment instruction, a purchase authorization request message that includes the disbursement amount and a disbursement authorization identifier, wherein the disbursement authorization identifier associates each purchase authorization request message with a corresponding disbursement payment instruction;
• generate a table associating each disbursement authorization identifier with a corresponding disbursement payment instruction;
• automatically transmit, for each disbursement payment instruction, the corresponding purchase authorization request message to the payment processing server computing device for transmission through the payment processing network to an issuer bank associated with the payor;
• receive, from the issuer bank associated with the payor, a plurality of payment authorization messages, each payment authorization message associated with a corresponding purchase authorization request message, wherein each payment authorization message (i) indicates whether the commercial disbursement financial account has a balance that covers the corresponding disbursement amount, and (ii) includes the corresponding disbursement authorization identifier;
• store, in the table, a validation indicator for each payment authorization message indicating the commercial disbursement financial account has sufficient funds to cover the corresponding disbursement amount, the validation indicator indicating that the corresponding purchase authorization request message was validated by the issuer bank, wherein the validation indicator is associated with the corresponding disbursement payment instruction;
• and
• initiate, through the payment processing server computing device, for each validated payment authorization message, a transfer of funds equal to the corresponding disbursement amount from the financial account of the payor to the corresponding financial account of the payee.