Method For Transferring An Amount To Be Paid

A method of executing computer-executable instructions residing in or on a processor using a medium, comprising:

• storing a receipt and a payment remittance information in a memory, the payment remittance information comprising a structured remittance data that is kept hidden from an entity;
• presenting the receipt to the entity without revealing the structured remittance data;
• enabling the entity to specify payment instructions comprising at least an amount to be paid on the receipt and an account at a payor from which to draw the amount while prohibiting the entity from altering data contained in the structured remittance data;
• associating the payment instructions with the structured remittance data;
• communicating the payment instructions from the memory to the payor to initiate payment of the amount;
• and
• routing the amount to a payee.

A device, comprising:

• means for generating a receipt and a payment remittance information;
• means for enabling an entity to authorize a payment due on the receipt;
• and
• means for associating the payment with the payment remittance information;
• wherein the device conducts a transaction using a medium, and
• wherein the payment remittance information is arranged within a data structure according to a prescribed format, the data structure comprising one or more open data fields to hold data that the entity can enter, and the payment remittance information further comprises a structured remittance data that is kept hidden from the entity.