System and method for registering financial accounts
First Claim
1. A method of enrolling a payer by a first computing system operated for the benefit of a payee, the method comprising:
- receiving enrollment data identifying a payer;
generating an electronic instruction for a second computing system that includes at least one data element associated with the payer and specifies a communications link for the second computing system to obtain financial account information from the payer;
outputting the electronic instruction to a communications network for transmittal to the second computing system;
receiving an electronic data token representing the financial account information obtained by the second computing system via the specified communications link from the second computing system, wherein the first computing system does not receive the financial account information represented by the electronic data token and the second computing system does not provide the electronic data token to the payer;
storing the electronic data token in association with the enrollment data identifying the payer; and
processing a payment from the payor to the payee by electronically generating a payment transaction instruction that includes a representation of the electronic data token and electronically transmitting the payment transaction instruction to a payment processing system having access to the financial account information represented by the electronic data token.
1 Assignment
0 Petitions
Accused Products
Abstract
A session to enroll customers to make payments has two stages, a first stage completed on the telephone or on a merchant or debt collector website, and a second stage completed via a communications link such as a telephone or Internet link. The customer enrollment record is linked to financial account information received from the customer in the second stage and stored on a second, secure server. A token linked to the securely stored financial account information is returned to the merchant and then used by the merchant to initiate payments on that financial account. The merchant'"'"'s personnel and customer record system do not store or have access to the underlying financial account information.
19 Citations
26 Claims
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1. A method of enrolling a payer by a first computing system operated for the benefit of a payee, the method comprising:
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receiving enrollment data identifying a payer; generating an electronic instruction for a second computing system that includes at least one data element associated with the payer and specifies a communications link for the second computing system to obtain financial account information from the payer; outputting the electronic instruction to a communications network for transmittal to the second computing system; receiving an electronic data token representing the financial account information obtained by the second computing system via the specified communications link from the second computing system, wherein the first computing system does not receive the financial account information represented by the electronic data token and the second computing system does not provide the electronic data token to the payer; storing the electronic data token in association with the enrollment data identifying the payer; and processing a payment from the payor to the payee by electronically generating a payment transaction instruction that includes a representation of the electronic data token and electronically transmitting the payment transaction instruction to a payment processing system having access to the financial account information represented by the electronic data token. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14)
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15. A first computing system operated for the benefit of a payee, the first computing system comprising:
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one or more processors; and memory storing instructions that, when executed by the one or more processors, cause the first computing system to; receive enrollment data identifying a payer; generate an electronic instruction for a second computing system that includes at least one data element associated with the payer and specifies a communications link for the second computing system to obtain financial account information from the payer; output the electronic instruction to a communications network for transmittal to the second computing system; receive an electronic data token representing the financial account information obtained by the second computing system via the specified communications link from the second computing system, wherein the first computing system does not receive the financial account information represented by the electronic data token and the second computing system does not provide the electronic data token to the payer; store the electronic data token in association with the enrollment data identifying the payer; and process a payment from the payor to the payee by electronically generating a payment transaction instruction that includes a representation of the electronic data token and electronically transmitting the payment transaction instruction to a payment processing system having access to the financial account information represented by the electronic data token. - View Dependent Claims (16, 17, 18, 19, 20, 21, 22, 23, 24, 25)
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26. A non-transitory computer readable storage medium storing instructions that, when executed by a processor, cause a first computing system operated for the benefit of a payee to:
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receive enrollment data identifying a payer; generate an electronic instruction for a second computing system that includes at least one data element associated with the payer and specifies a communications link for the second computing system to obtain financial account information from the payer; output the electronic instruction to a communications network for transmittal to the second computing system; receive an electronic data token representing the financial account information obtained by the second computing system via the specified communications link from the second computing system, wherein the first computing system does not receive the financial account information represented by the electronic data token and the second computing system does not provide the electronic data token to the payer; store the electronic data token in association with the enrollment data identifying the payer; and process a payment from the payor to the payee by electronically generating a payment transaction instruction that includes a representation of the electronic data token and electronically transmitting the payment transaction instruction to a payment processing system having access to the financial account information represented by the electronic data token.
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Specification