System and method for selectable funding of electronic transactions
AssigneeJPMorgan Chase Bank
InventorsGlen R. CATALINE, William Smith Rielly, William Scott Wallace, Mark Robert Sheehan
Life of this patent
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Abstract
A system for transferring funds to pay bills and to and from selected accounts on an optimized is provided. A mediation engine may manage the payments made to selected payees, including by scheduling the payments and selecting sources for funds. A rules-based optimizer may automatically select the least-cost or other most efficient or desirable transaction, given the customer's available funds, types of funds and payment date. All payment providers and payees may manipulated using one seamless view. A customer service representative may also view the transfers.
Claims21
1-41. (canceled)
A processing system for performing a funds transfer between a first customer and a second customer, the processing system constituted by a tangibly embodied computer, the processing system including:
- a financial processing portion that performs processing in conjunction with the funds transfer;
- and
- a financial database which contains data used in the funds transfer;
- and
- the financial processing portion performing processing including:
- inputting a funds transfer request from the first customer through interfacing with the first customer, the financial processing portion providing a plurality of options to the first customer, the options controlling first attributes of the funds transfer;
- inputting at least one attribute associated with the second customer, the at least one attribute constituting second attributes of the funds transfer;
- aggregating the first attributes and the second attributes;
- and
- performing the funds transfer based on the aggregated attributes.
A method for performing a funds transfer between a first customer and a second customer using a processing system, the processing system constituted by a tangibly embodied computer, the processing system including a financial processing portion that performs processing in conjunction with the funds transfer;
- and a financial database which contains data used in the funds transfer;
- and the financial processing portion performing the method, the method including:
- inputting a funds transfer request from the first customer through interfacing with the first customer, the financial processing portion providing a plurality of options to the first customer, the options controlling first attributes of the funds transfer;
- inputting at least one attribute associated with the second customer, the at least one attribute constituting second attributes of the funds transfer;
- aggregating the first attributes and the second attributes;
- and
- performing the funds transfer based on the aggregated attributes.
A processing system for performing a funds transfer between a first customer and a second customer, the processing system constituted by a tangibly embodied, the processing system including:
- a computer readable medium portion upon which code is disposed that performs processing in conjunction with the funds transfer;
- and
- a financial database which contains data used in the funds transfer;
- and
- the computer readable medium portion including:
- a first portion that inputs a funds transfer request from the first customer through interfacing with the first customer, the financial processing portion providing a plurality of options to the first customer, the options controlling first attributes of the funds transfer;
- a second portion that inputs at least one attribute associated with the second customer, the least one attribute constituting second attributes of the funds transfer;
- a third portion that aggregates the first attributes and the second attributes;
- and
- a fourth portion that performs the funds transfer based on the aggregated attributes.
Dependencies are inferred from the claim text.