US 2018/0293560 A1 · SYSTEMS AND METHODS FOR A CENTRALIZED PAYMENT MANAGEMENT SYSTEM

Abstract

Systems and methods for a centralized payment management system are described. The system aids in management of vendor-client relationships. In one aspect, the system receives payment entries relating to a combination of vendors and clients. The system determines from the payment entries a payment entry that includes a conflict. The system retrieves from a memory an alert message associated with the payment entry including the conflict. The system generates a display screen including the payment entry and the retrieved alert message. In some embodiments, the system determines from the payment entries a payment entry that includes a conflict by determining from the payment entries a payment entry that includes an overdue payment issue, a client issue, or vendor issue, generating an alert message for the determined payment entry based on the overdue payment issue, the client issue, or the vendor issue, and storing the alert message in the memory.

Claims21

Dependent claims

1-20. (canceled)

A method for a centralized payment management system to preemptively alert users of overdue payments, comprising:

generating, using a processor, a graphical user interface for an administrator-side of the centralized payment management system;
receiving, from a network interface, a plurality of payment entries relating to at least one vendor and at least one client;
retrieving a client data profile for the at least one client, wherein the client data profile is an aggregation of past behavior of the at least one client;
retrieving a historical trend of industry payment behavior for client data profiles matching the client data profile;
determining a likelihood of an overdue payment based on the historical trend of industry payment behavior for the client data profiles matching the client data profile;
comparing the likelihood to a threshold likelihood;
in response to determining the likelihood exceeds the threshold likelihood, determining, using the processor, from the plurality of payment entries a payment entry that is associated with the at least one client includes a conflict;
retrieving, from a memory, an alert message associated with the payment entry;
and
generating in the graphical user interface, using the processor, a first display screen including the payment entry and the retrieved alert message.

7 more elements

A centralized payment management system that preemptively alerts users of overdue payments, comprising:

a memory;
a network interface;
and
a processor configured to:
generate a graphical user interface for an administrator-side of the centralized payment management system;
receive, from the network interface, a plurality of payment entries relating to at least one vendor and at least one client;
retrieve a client data profile for the at least one client, wherein the client data profile is an aggregation of past behavior of the at least one client;
retrieve a historical trend of industry payment behavior for client data profiles matching the client data profile;
determine a likelihood of an overdue payment based on the historical trend of industry payment behavior for the client data profiles matching the client data profile;
compare the likelihood to a threshold likelihood;
in response to determining the likelihood exceeds the threshold likelihood, determine form the plurality of payment entries a payment entry that is associated with the at least one client includes a conflict;
retrieve, from the memory, an alert message associated with the payment entry;
and
generate in the graphical user interface a first display screen including the payment entry and the retrieved alert message.

11 more elements

Dependencies are inferred from the claim text.

Facts

Application

15/943,993Filed 3 Apr 2018

Priority

14 Mar 2013

Published

11 Oct 2018

Term ends

Not estimatedThe source records don’t support an estimate.

Classification3 codes

G06Q 20/10
Payment architectures: specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
G06Q 20/02
Payment architectures, schemes or protocols: involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
G06Q
Information and communication technology [ict] specially adapted for administrative, commercial, financial, managerial

Systems and methods for a centralized payment management system

Life of this patent

Systems and methods for a centralized payment management system

Life of this patent

Abstract

Claims21