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US 2014/0279459 A1Published application
Electronic bill payment processing based on payor scheduled debits
AssigneeFiserv, Inc.
InventorsTodd A. Weiss, Mary Elizabeth Lawson, Eric Anthony Miller
Life of this patent
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Abstract
Systems, methods, and computer-readable media are disclosed for facilitating enrollment of a payor for payor-scheduled-debit (PSD) payment processing according to which the payor may select various payment parameters such as a debit date on which debits will be posted to one or more financial accounts associated with the payor for payments made to one or more payees. A payor may be provided with the capability to schedule debits associated with payments made to one or more payees by a selecting a single debit date that precedes and/or follows various dates on which the one or more payees are credited.
Claims28
A system, comprising:
- one or more network interfaces;
- at least one memory storing computer-executable instructions;
- and
- at least one processor communicatively coupled to the one or more network interfaces and the at least one memory and configured to access the at least one memory and execute the computer-executable instructions to:
- identify a payment request;
- identify a payor, a payee, a payment amount, and a payment date associated with the payment request;
- determine that the payor is associated with a payment schedule, wherein the payment schedule comprises i) information indicative of a set of one or more payees specified by the payor and ii) debit information specified by the payor and indicative of a debit date for debiting one or more financial accounts associated with the payor in connection with a respective one or more payments on behalf of the payor to each of the set of one or more payees;
- determine that the set of one or more payees includes the payee associated with the payment request;
- and
- initiate, responsive to a determination that the set of one or more payees includes the payee associated with the payment request, payment processing to process the payment request comprising:
- generating a debit instruction to debit at least the payment amount from at least one financial account of the one or more financial accounts associated with the payor on the debit date,
- generating a credit instruction to credit the payee for the payment amount on or before the payment date, and
- directing at least one network interface of the one or more network interfaces to transmit at least one of:
- i) the debit instruction or ii) the credit instruction to at least one of:
- i) a payment network, ii) a financial institution, or iii) a remittance processor.
12 more elements
A method, comprising:
- identifying, by a computerized payment system comprising one or more computers, a payment request;
- identifying, by the computerized payment system, a payor, a payee, a payment amount, and a payment date associated with the payment request;
- determining, by the computerized payment system, that the payor is associated with a payment schedule, wherein the payment schedule comprises i) information indicative of a set of one or more payees specified by the payor and ii) debit information specified by the payor and indicative of a debit date for debiting one or more financial accounts associated with the payor in connection with a respective one or more payments on behalf of the payor to each of a set of one or more payees;
- determining, by the computerized payment system, that the set of one or more payees includes the payee associated with the payment request;
- and
- initiating, by the computerized payment system and responsive to determining that the set of one or more payees includes the payee associated with the payment request, payment processing to process the payment request comprising:
- generating, by the computerized payment system, a debit instruction to debit at least the payment amount from at least one financial account of the one or more financial accounts associated with the payor on the debit date,
- generating, by the computerized payment system, a credit instruction to credit the payee for the payment amount on or before the payment date, and
- transmitting at least one of:
- i) the debit instruction or ii) the credit instruction to at least one of:
- i) a payment network, ii) a financial institution, or iii) a remittance processor.
8 more elements
A system, comprising:
- one or more network interfaces;
- at least one memory storing computer-executable instructions;
- and
- at least one processor communicatively coupled to the one or more network interfaces and the at least one memory and configured to access the at least one memory and execute the computer-executable instructions to:
- select a payment request from a plurality of pending payment requests;
- identify a payor, a payee, a payment amount, and a payment date associated with the payment request;
- determine that the payor is associated with a payment schedule, wherein the payment schedule comprises i) information indicative of a set of one or more payees specified by the payor and ii) debit information specified by the payor;
- determine, based at least in part on the debit information, a recurring monthly debit date for debiting one or more financial accounts associated with the payor in connection with a respective one or more payments on behalf of the payor to each of the set of one or more payees;
- determine that the set of one or more payees includes the payee associated with the payment request;
- and
- initiate, responsive to a determination that the set of one or more payees includes the payee associated with the payment request, payment processing to process the payment request comprising:
- generating a debit instruction to debit at least the payment amount from at least one financial account of the one or more financial accounts associated with the payor on the debit date,
- generating a credit instruction to credit the payee for the payment amount on or before the payment date, and
- directing at least one network interface of the one or more network interfaces to transmit at least one of:
- i) the debit instruction or ii) the credit instruction to at least one of:
- i) a payment network, ii) a financial institution, or iii) a remittance processor.
13 more elements
Dependencies are inferred from the claim text.