US 8,620,805 B2Granted

Methods and systems for processing payments globally over one of a plurality of processing paths

AssigneeCiticorp Credit Services, Inc.

InventorsDarren Davis, Tom Koch, John D. Miller, Eric Philips, Guy B. Sereff, Stacy Tobias, Vasu Vemuri, Rochelle Wesselink, Scott Tanguay, Robert Strub, Caleb Williams, Shamus Weiland

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Abstract

Methods and systems of processing payments globally over one of a plurality of payment processing paths employ computer hardware and software for receiving a request to access a global payment utility, presenting a plurality of payment options by the global payment utility, and receiving information by the global payment utility consisting at least in part of a source of payment, a payment destination, and a user-designated payment vehicle. Upon receiving the information, one of a plurality of payment processing paths for the payment is selected according to a clearing rules aspect of a rules engine of the global payment utility, and the payment is routed for processing via the selected payment processing path.

Claims19

Dependent claims

A method of processing payments globally over one of a plurality of payment processing paths, comprising:

receiving, using a financial institution processor, a request to access a global payment utility;
presenting, using the financial institution processor, a plurality of payment options by the global payment utility;
receiving, using the financial institution processor, information by the global payment utility consisting at least in part of a source of payment, a payment destination, and a user-designated payment vehicle;
selecting, using the financial institution processor, one of a plurality of payment processing paths for the payment according to a clearing rules aspect of a rules engine of the global payment utility based at least in part on payment processing paths available via the user-designated payment vehicle and at least in part on a comparison of processing costs of each of the payment processing paths available via the user-designated payment vehicle;
and
processing, using the financial institution processor, the payment via the selected payment processing path.

3 more elements

Dependencies are inferred from the claim text.

Facts

Application: 13/431,557Filed 27 Mar 2012
Published: US 2013/0262292 A13 Oct 2013
Granted: 31 Dec 2013
Term ends: Not estimatedThe source records don’t support an estimate.

Classification4 codes

G06Q 20/023
Involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]: the neutral party being a clearing house
G06Q 20/1085
Remote banking, e.g. home banking: involving automatic teller machines [ATMs]
G06Q 40/02
Finance; Insurance; Tax strategies; Processing of corporate or income taxes: banking, e.g. interest calculation or account maintenance
G06Q
Information and communication technology [ict] specially adapted for administrative, commercial, financial, managerial