Systems and methods for conducting a composite bill payment transaction

A computer implemented method of managing a payment system, the method conducted by a computerized processor and facilitated between the processor, a point-of-sale, a customer, and one or more payees to whom the customer wishes to make a payment, the processor being in selective communication with the point-of-sale, the customer, and the one or more payees, the method comprising:

• receiving composite payment transaction information from the customer, comprising:
• information sufficient to identify the one or more payees;
• information sufficient to identify an account of the customer with the one or more payees;
• and
• an indication of the an amount of value the customer wishes to pay to each of the one or more payees;
• uniquely associating an identifier with the composite payment transaction information;
• providing the identifier to the customer in a machine-readable format;
• receiving the identifier from the point-of-sale;
• confirming that the identifier is valid and that the point-of sale is authorized to conduct the composite payment transaction;
• receiving an amount of value from the point-of-sale;
• providing value to the one or more payees in the amount indicated by the customer in the composite payment transaction information;
• and
• sending a confirmation to the customer confirming that value has been sent to the one or more payees.

A processor for managing a payment system facilitated between a point-of-sale, a customer, and one or more payees to whom the customer wishes to make a payment, comprising:

• a customer interface that provides selectable communication between the processor and the customer, the customer interface configured to receive from the customer composite payment transaction information, comprising:
• information sufficient to identify the one or more payees;
• information sufficient to identify an account of the customer with the one or more payees;
• and
• an indication of the an amount of value the customer wishes to pay to each of the one or more payees;
• the customer interface configure to transmit to the customer an identifier uniquely associated with the composite payment transaction information;
• a point-of-sale interface that provides selectable communication between the processor and the point-of-sale, the point-of-sale interface configured to receive from the point-of-sale the identifier and confirmation that payment was received from the customer;
• a payee interface that provides selectable communication between the processor and the one or more payees, the payee interface configured to communicate with the one or more payees to confirm that the composite payment transaction information is accurate and transmit to the one or more payees value;
• and
• a processing module in communication with the customer interface, the point-of-sale interface, and the payee interface, the processing module configured to:
• uniquely associate an identifier with the composite payment transaction information received from the customer;
• provide the identifier to the customer in a machine-readable format;
• confirm that the identifier is valid and that the point-of sale is authorized to conduct the composite payment transaction;
• and
• determine an allocation of value to provide to each of the one or more payees.