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Integrated electronic disbursement and cash flow management system and method

  • US 10,282,712 B2
  • Filed: 12/16/2013
  • Issued: 05/07/2019
  • Est. Priority Date: 02/07/2013
  • Status: Active Grant
First Claim
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1. A host computing device comprising memory comprising programmed instructions stored thereon for automatically and interactively operating over communication networks to more efficiently employ graphical user interfaces and execute electronic disbursements and associated electronic notifications and one or more processors coupled to the memory and configured to execute the stored programmed instructions to:

  • provide a downloadable business client mobile application to a business client computing system, the business client mobile application facilitating disbursement distribution, and a downloadable customer mobile application to a customer computing system, the customer mobile application facilitating disbursement notification to the customer computing system;

    receive a disbursement instruction over a network from the business client computing system through a user interface of the business client mobile application and processes the disbursement instruction to use customer identification data extracted from the disbursement instruction to determine when one or more available payment channels for the customer, determined by accessing a customer profile in a customer database, includes an electronic payment channel;

    make a disbursement in accordance with the disbursement instruction using the electronic payment channel retrieved from the customer profile in the customer database and sending an electronic notification over the Internet, when the determining indicates that the available payment channels includes the electronic payment channel, wherein the electronic notification is a push notification sent via the customer mobile application without a login requirement, the push notification configured to allow acceptance of the disbursement over the Internet without entry of customer login credentials by providing a selectable acceptance button within the push notification and to provide a link allowing viewing of one or more disbursement details on a customized web site;

    monitor acceptance of the disbursement and notify the business client computing system over the network when the disbursement expires without acceptance, obtaining temporal or contextual redemption data, and detecting one or more patterns identifying fraudulent activity based on the temporal or contextual redemption data; and

    generate one or more alerts to the business client computing system or the customer client computing system over the Internet when a disbursement status changes to an issued status, an accepted status, a declined status, or an expired status.

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