System and method for selectable funding of electronic transactions
First Claim
Patent Images
1. A system for managing transactions, comprising:
- a first interface for communicating first information regarding at least one payment source;
a second interface for communicating second information regarding at least one payee account; and
a processor, communicating with the first interface and the second interface, the processor selectably directing a transmission of funds from the at least one payment source to the at least one payee account based on an optimization determination.
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Abstract
A system for transferring funds to pay bills and to and from selected accounts on an optimized is provided. A mediation engine may manage the payments made to selected payees, including by scheduling the payments and selecting sources for funds. A rules-based optimizer may automatically select the least-cost or other most efficient or desirable transaction, given the customer'"'"'s available funds, types of funds and payment date. All payment providers and payees may manipulated using one seamless view. A customer service representative may also view the transfers.
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Citations
41 Claims
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1. A system for managing transactions, comprising:
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a first interface for communicating first information regarding at least one payment source;
a second interface for communicating second information regarding at least one payee account; and
a processor, communicating with the first interface and the second interface, the processor selectably directing a transmission of funds from the at least one payment source to the at least one payee account based on an optimization determination. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20)
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21. A method for managing transactions, comprising:
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a) communicating first information regarding at least one payment source;
b) communicating second information regarding at least one payee account;
c) performing an optimization determination for a transaction from the at least one payment source; and
d) selectably directing a transmission of funds from the at least one payment source to the at least one payee account based on the optimization determination. - View Dependent Claims (22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40)
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41. A system for managing transactions, comprising:
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means for communicating first information regarding at least one payment source;
means for communicating second information regarding at least one payee account; and
optimization means, communicating with the means for communicating first information and the means for communicating the second information, the optimization means selectably directing a transmission of funds from the at least one payment source to the at least one payee account based on an optimization determination.
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Specification