# US 8,788,416 B1 · Advance payment notice to financial institutions

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- Number: US 8,788,416 B1
- Document ID: US8788416B1
- Status: Granted
- Kind: B1
- Application number: 12/609,931
- Filed: 2009-10-30
- Granted: 2014-07-22
- Earliest claimed: 2009-10-30
- Assignees: Intuit Inc.
- Applicants: Miriam Nga-Shun Vu
- Inventors: Miriam Nga-Shun Vu
- Web page: https://patentgrep.com/patent/US8788416B1

## CPC

- G06Q 20/102: {Bill distribution or payments}
- G06Q 20/0855: {involving a third party}
- G06Q: INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR

## Abstract

A method for transmitting information with a financial institution. The method includes receiving a request from the financial institution for the information associated with scheduled future payment related to an established destination account and including a capital amount scheduled to be transferred to the financial institution, where the established destination account is associated with credit extended by the financial institution, performing, using a central processing unit (CPU), a search for the information on an intermediary data repository not controlled by the financial institution and based on the request, obtaining a portion of the information from the intermediary data repository based on the search, extracting, using the CPU, the portion of the information from the intermediary data repository to obtain a result, and transmitting the result to the financial institution to notify the financial institution of the scheduled future payment to the financial institution to be credited to the established destination account.

## Claims

### Claim 1

A method for transmitting, to a first financial institution, information associated with a scheduled future payment to the first financial institution, comprising:
receiving a request from the first financial institution for the information,
wherein the scheduled future payment comprises an existing instruction from a customer to a second financial institution to initiate, at a future date, a transfer of funds to the first financial institution from an established source account at the second financial institution, in order to pay a debt associated with a credit card issued to the customer by the first financial institution;
performing, by a computer processor and in response to the request, a search for the information on an intermediary data repository to obtain a result comprising an account number of the source account, a dollar amount of the scheduled future payment, and a payment date specifying the future date at which the scheduled future payment occurs,
wherein the intermediary data repository is a data repository not controlled by the first financial institution or the second financial institution; and
transmitting the result to the first financial institution.

### Claim 2 (depends on 1)

The method of claim 1, further comprising:
obtaining financial information related to creditworthiness;
performing a creditworthiness analysis based on the financial information and the result; and
transmitting the creditworthiness analysis to the first financial institution.

### Claim 3 (depends on 2)

The method of claim 2, further comprising:
obtaining a balance of the established source account at the second financial institution related to the information associated with the scheduled future payment;
comparing the balance with the dollar amount;
determining that the balance is less than the dollar amount; and
generating a notification that the balance is less than the dollar amount, wherein the creditworthiness analysis comprises the notification.

### Claim 4 (depends on 2)

The method of claim 2, further comprising:
determining an expected balance of the established source account at the second financial institution related to the information associated with the scheduled future payment;
comparing the expected balance with the dollar amount;
determining that the expected balance is less than the dollar amount; and
generating a notification that the expected balance is less than the dollar amount, wherein the creditworthiness analysis comprises the notification.

### Claim 5 (depends on 2)

The method of claim 2, wherein the financial information comprises a payment made to the first financial institution in the past.

### Claim 6

A system for transmitting, to a first financial institution, information associated with a schedule future payment to the first financial institution, comprising:
a central processing unit (CPU);
a scheduled payment application executing on the CPU and comprising:
a scheduled payment input module configured to:
receive a request from the first financial institution for the information,
wherein the scheduled future payment comprises an existing instruction from a customer to a second financial institution to initiate, at a future date, a transfer of funds to the first financial institution from an established source account at the second financial institution, in order to pay a debt associated with a credit card issued to the customer by the first financial institution;
an intermediary data repository coupled to the scheduled payment input module, not controlled by the first financial institution, and configured to:
perform, in response to the request, a search for the information on an intermediary data repository to obtain a result comprising an account number of the source account, a dollar amount of the scheduled future payment, and a payment date specifying the future date at which the scheduled future payment occurs,
wherein the intermediary data repository is a data repository not controlled by the first financial institution or the second financial institution; and
a scheduled payment notification module coupled to the intermediary data repository and configured to:
transmit the result to the first financial institution.

### Claim 7 (depends on 6)

The system of claim 6, further comprising:
a financial information analysis module coupled to the intermediary data repository and configured to:
obtain financial information related to creditworthiness;
perform a creditworthiness analysis based on the financial information and the result; and
transmit the creditworthiness analysis to the first financial institution.

### Claim 8 (depends on 7)

The system of claim 7, wherein the financial information analysis module is further configured to:
obtain a balance of the established source account at the second financial institution related to the information associated with the scheduled future payment;
compare the balance with the dollar amount;
determine that the balance is less than the dollar amount; and
generate a notification that the balance is less than the dollar amount, wherein the creditworthiness analysis comprises the notification.

### Claim 9 (depends on 7)

The system of claim 7, wherein the financial information analysis module is further configured to:
determine an expected balance of the established source account at the second financial institution related to the information associated with the scheduled future payment;
compare the expected balance with the dollar amount;
determine that the expected balance is less than the dollar amount; and
generate a notification that the expected balance is less than the dollar amount, wherein the creditworthiness analysis comprises the notification.

### Claim 10 (depends on 7)

The system of claim 7, wherein the financial information comprises a payment made to the first financial institution in the past.

### Claim 11

A non-transitory computer readable medium storing instructions to transmit, to a first financial institution, information associated with a scheduled future payment to the first financial institution, the instructions executable on a central processing unit and comprising functionality to:
receive a request from the first financial institution for the information,
wherein the scheduled future payment comprises an existing instruction from a customer to a second financial institution to initiate, at a future date, a transfer of funds to the first financial institution from an established source account at the second financial institution, in order to pay a debt associated with a credit card issued to the customer by the first financial institution;
perform, in response to the request, a search for the information on an intermediary data repository to obtain a result comprising an account number of the source account, a dollar amount of the scheduled future payment, and a payment date specifying the future date at which the scheduled future payment occurs,
wherein the intermediary data repository is a data repository not controlled by the first financial institution or the second financial institution; and
transmit the result to the first financial institution.

### Claim 12 (depends on 11)

The non-transitory computer readable medium of claim 11, the instructions further comprising functionality to:
obtain financial information related to creditworthiness;
perform a creditworthiness analysis based on the financial information and the result; and
transmit the creditworthiness analysis to the first financial institution.

### Claim 13 (depends on 11)

The non-transitory computer readable medium of claim 11, the instructions further comprising functionality to:
determine an expected balance of the established source account at the second financial institution related to the information associated with the scheduled future payment;
compare the expected balance with the dollar amount;
determine that the expected balance is less than the dollar amount; and
generate a notification that the expected balance is less than the dollar amount, wherein the creditworthiness analysis comprises the notification.

### Claim 14 (depends on 1)

The method of claim 1, further comprising:
determining that a portion of the information is modified; and
transmitting immediately the portion of the information to the first financial institution.

### Claim 15 (depends on 1)

The method of claim 1, further comprising:
transmitting a payment comprising the dollar amount at the future date to the first financial institution.

### Claim 16 (depends on 1)

The method of claim 1, further comprising:
modifying the information.

### Claim 17 (depends on 1)

The method of claim 1, further comprising:
filtering a portion of the information from the intermediary data repository.

### Claim 18 (depends on 1)

The method of claim 1, further comprising:
formatting a portion of the information from the intermediary data repository.

### Claim 19 (depends on 1)

The method of claim 1, wherein the first financial institution adjusts a list comprising contact information of account holders based on the result.

### Claim 20 (depends on 1)

The method of claim 1, wherein the information does not originate from the first financial institution.

### Claim 21 (depends on 6)

The system of claim 6, further comprising:
a payment submission module coupled to the intermediary data repository and configured to:
transmit a payment comprising the dollar amount at the future date to the first financial institution.

### Claim 22 (depends on 6)

The system of claim 6, wherein the scheduled payment notification module is further configured to:
determine that a portion of the information is modified; and
transmit immediately the portion of the information to the first financial institution.

### Claim 23 (depends on 6)

The system of claim 6, wherein the intermediary data repository is further configured to filter a portion of the information.

### Claim 24 (depends on 11)

The non-transitory computer readable medium of claim 11, the instructions further comprising functionality to:
determine that a portion of the information is modified; and
transmit immediately the portion of the information to the first financial institution.

### Claim 25 (depends on 11)

The non-transitory computer readable medium of claim 11, the instructions further comprising functionality to transmit a payment comprising the dollar amount at the future date to the first financial institution.