US 2018/0121975 A1 · PROVIDING SECURITY IN ELECTRONIC REAL-TIME TRANSACTIONS

Abstract

A system including one or more processors and one or more non-transitory computer-readable media storing computing instructions configured to run on the one or more processors and perform various acts. The acts can include receiving a request to register a second entity under a security status. The request can include a public identifier for the second entity. The acts also can include registering the second entity under the security status after receiving confirmation that the public identifier corresponds to the second entity and that the second account is held by the second entity. The acts additionally can include providing, to a first entity, first information that identifies the second entity as satisfying the security status. The first entity can have enrolled a first account maintained at a first institution in real-time transactions. The acts further can include receiving an authorization from the first entity to handle a statement using the first account. The statement can originate from the second entity. The acts additionally can include facilitating a real-time transaction. Other embodiments are provided.

Claims20

Dependent claims

A system comprising:

one or more processors;
and
one or more non-transitory computer-readable media storing computing instructions configured to run on the one or more processors and perform:
receiving a request to register a second entity under a certified biller status using a second account maintained at a second financial institution, the request comprising a public identifier for the second entity;
registering the second entity under the certified biller status after receiving confirmation that the public identifier corresponds to the second entity and that the second account is held by the second entity;
providing, to a first entity, first information that identifies the second entity as satisfying the certified biller status, the first entity having enrolled a first account maintained at a first financial institution in real-time payment transactions;
receiving an authorization from the first entity to pay an invoice using the first account, the invoice originating from the second entity;
and
facilitating a real-time payment transaction from the first account maintained by the first financial institution to the second account maintained by the second financial institution.

6 more elements

Dependencies are inferred from the claim text.

Providing security in electronic real-time transactions

Life of this patent

Providing security in electronic real-time transactions

Life of this patent

Abstract

Claims20