# US 2014/0195416 A1 · Systems and methods for payment processing

> Agents: this data is available as JSON from the patentgrep API and MCP server — see https://patentgrep.com/llms.txt

- Number: US 2014/0195416 A1
- Document ID: US20140195416A1
- Status: Published application
- Kind: A1
- Application number: 13/829,986
- Filed: 2013-03-14
- Published: 2014-07-10
- Earliest claimed: 2013-01-10
- Assignees: Bill.com, Inc.
- Applicants: Bill.Com, Inc.
- Inventors: Darren Linscott; Mark Orttung
- Web page: https://patentgrep.com/patent/US20140195416A1

## CPC

- G06Q 20/023: {the neutral party being a clearing house}
- G06Q 20/102: {Bill distribution or payments}
- G06Q: INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR

## Abstract

A computer-implemented method includes: receiving, by a computer system, a payment request from an originator having an account at a first financial institution, wherein the payment request is associated with a receiver having an account at a second financial institution. In response to receiving the payment request, a payment instrument is disbursed to the receiver. The method further includes receiving, by the computer system, a request for a payment amount designated by the payment instrument and, in response to receiving the request for the payment amount, crediting the payment amount to a clearing account. The method also includes crediting the payment amount to the receiver's account in conjunction with debiting the payment amount from the clearing account.

## Claims

### Claim 1

A computer-implemented method comprising:
receiving, by a computer system, a payment request from an originator having an account at a first financial institution, wherein the payment request is associated with a receiver having an account at a second financial institution;
in response to receiving the payment request, disbursing a payment instrument to the receiver;
receiving, by the computer system, a request for a payment amount designated by the payment instrument;
in response to receiving the request for the payment amount, crediting the payment amount to a clearing account; and
crediting the payment amount to the receiver's account in conjunction with debiting the payment amount from the clearing account.

### Claim 2 (depends on 1)

The method of claim 1, wherein the payment instrument is disbursed prior to crediting the payment amount to the clearing account.

### Claim 3 (depends on 1)

The method of claim 1, further comprising requesting, in response to receiving the request for the payment amount, a hold against the originator's account for the payment amount prior to crediting the clearing account.

### Claim 4 (depends on 3)

The method of claim 3, further comprising crediting the payment amount to the receiver's account only in response to a successful hold against the originator's account, and marking the payment instrument as having insufficient funds otherwise.

### Claim 5 (depends on 1)

The method of claim 1, wherein the clearing account is at the first financial institution.

### Claim 6 (depends on 1)

The method of claim 1, wherein the receiver's account is credited in response to the payment amount being credited to the clearing account.

### Claim 7 (depends on 6)

The method of claim 6, wherein the receiver's account is credited with the payment amount, and the clearing account debited the payment amount, within a predetermined time period of the payment amount being credited to the clearing account.

### Claim 8 (depends on 1)

The method of claim 1, wherein crediting the payment amount to the receiver's account includes:
generating a first file identifying the payment instrument as payable; and
generating a second file for identifying funds from the originator's account to the clearing account.

### Claim 9 (depends on 1)

The method of claim 1, wherein the request for the payment amount designated by the payment instrument is received from a computer system associated with the second financial institution.

### Claim 10 (depends on 1)

The method of claim 1, wherein the payment instrument is selected from the group consisting of: a check, a draft, a voucher, a payment card, a wire transfer, a credit transfer, an electronic funds transfer, and combinations thereof.

### Claim 11 (depends on 1)

The method of claim 1, further comprising generating an alert in response to not receiving the request for the payment amount designated by the payment instrument within a predetermined period of time after disbursal of the payment instrument.

### Claim 12 (depends on 1)

The method of claim 1, further comprising generating an alert in response to detecting disbursal of a second payment instrument to the receiver from the originator before the request for the payment amount designated by the payment instrument is received.

### Claim 13 (depends on 1)

The method of claim 1, further comprising:
crediting the payment amount to an intermediate account; and
debiting the payment amount from the intermediate account in conjunction with crediting the payment amount to the clearing account.

### Claim 14 (depends on 13)

The method of claim 13, further comprising debiting the payment amount from the originator's account in conjunction with crediting the payment amount to the intermediate account.

### Claim 15 (depends on 13)

The method of claim 13, further comprising placing a lock on the intermediate account in response to crediting the payment amount to the intermediate account, whereby the lock prevents a recall of the payment amount.

### Claim 16 (depends on 15)

The method of claim 15, wherein the lock placed on the intermediate account expires after a predetermined period of time.

### Claim 17 (depends on 16)

The method of claim 16, wherein crediting the payment amount to the clearing account in conjunction with debiting the payment amount from the intermediate account begins before expiration of the lock period and completes after expiration of the lock period.

### Claim 18 (depends on 17)

The method of claim 17, further comprising:
receiving a request to recall the payment request; and
in response to the request to recall the payment request, cancelling the credit of the payment amount to the receiver's account.

### Claim 19

A non-transitory, computer-readable medium storing instructions that, when executed, cause a computing device to:
receive a payment request from an originator having an account at a first financial institution, wherein the payment request is associated with a receiver having an account at a second financial institution;
in response to receiving the payment request, disburse a payment instrument to the receiver;
receive a request for a payment amount designated by the payment instrument;
in response to receiving the request for the payment amount, credit the payment amount to a clearing account; and
credit the payment amount to the receiver's account in conjunction with debiting the payment amount from the clearing account.

### Claim 20

A system comprising:
at least one processor; and
memory in communication with the at least one processor and storing instructions configured to instruct the at least one processor to:
receive a payment request from an originator having an account at a first financial institution, wherein the payment request is associated with a receiver having an account at a second financial institution;
in response to receiving the payment request, disburse a payment instrument to the receiver;
receive a request for a payment amount designated by the payment instrument;
in response to receiving the request for the payment amount, credit the payment amount to a clearing account; and
credit the payment amount to the receiver's account in conjunction with debiting the payment amount from the clearing account.