Bar coded bill payment system and method
First Claim
1. A bill payment system comprising:
- a payee transmitting or transferring to at least one payor a unique bar code comprising data identifying at least said payee and said payor; and
a scanning apparatus configured to scan a printed representation of said bar code, said scanning apparatus being capable, based on information stored in said bar code and a payment made by said payor, of transmitting funds or initiating a funds transfer to said payee in a predetermined amount and transmitting data or initiating a data transfer to said payee regarding said payment.
3 Assignments
0 Petitions
Accused Products
Abstract
A system and method for payment is provided, wherein consumers pay their bills at supermarkets, large retail chain, or other stores and receive immediate credit from billers for their payments. Payments are made using a bar code printed on the bill or sent to the consumer, e.g., by fax or email. The biller receives good payment funds, deposited directly into his bank account, and error-free electronic payment data for consumer bill payments by the very next business day. The biller backdates the received bill payments to the time and date the consumer actually paid, regardless of the time that the payment data takes to post to the biller'"'"'s accounts receivable system. In another aspect, a method for person-to-person money transfers is provided, wherein a bar coded deposit slip, card, or other printout permits a sender to remit finds directly into a receiver'"'"'s bank account, and such funds are quickly accessible for withdrawal at a nearby automated teller machine, or for a debit card purchase.
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Citations
64 Claims
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1. A bill payment system comprising:
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a payee transmitting or transferring to at least one payor a unique bar code comprising data identifying at least said payee and said payor; and
a scanning apparatus configured to scan a printed representation of said bar code, said scanning apparatus being capable, based on information stored in said bar code and a payment made by said payor, of transmitting funds or initiating a funds transfer to said payee in a predetermined amount and transmitting data or initiating a data transfer to said payee regarding said payment. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40)
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13. :
- A bill payment method comprising;
transmitting or transferring to at least one payor a unique bar code comprising data identifying at least said payee and said payor; and
permitting a third party to scan a printed representation of said bar code and, based on the identifying information of said bar code and a payment made by said payor, to transmit funds or initiate a funds transfer to said payee in a predetermined amount and transmit data or initiate a data transfer to said payee regarding said payment.
- A bill payment method comprising;
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25. A money transfer system comprising:
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a printed bar code comprising data identifying at least an account number corresponding to an account to which a deposit can be made and a destination payment network corresponding to said account; and
a scanning apparatus configured to scan said bar code, said scanning apparatus being capable, based on information stored in said bar code and a payment made by a payor, of transmitting funds or initiating a funds transfer in a predetermined amount to said account.
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41. A method of transferring money, said method comprising:
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scanning a printed bar code comprising data identifying at least an account number corresponding to an account to which a deposit can be made and a destination payment network corresponding to said account; and
transmitting finds or initiating a funds transfer, based on information stored in said bar code and a payment made by a payor, in a predetermined amount to said account. - View Dependent Claims (42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 55, 56, 58, 60)
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57. A deposit slip comprising:
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a printed account number; and
a unique bar code comprising data identifying at least said account number and a destination payment network corresponding to said account number.
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59. A printed bar code comprising:
data identifying at least an account number and a destination payment network corresponding to said account number.
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61. A method for performing an Internet financial transaction, said method comprising:
transmitting or transferring to a payor a unique bar code comprising data identifying at least a payee and a destination payment network corresponding to said payee. - View Dependent Claims (62)
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63. A method of providing for payment from a payor to a payee, comprising:
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making available to one or more payees a standard format for representing on a printed document data including at least a payee and a destination payment network corresponding to said payee;
providing at one or more locations of one or more third parties one or more scanning apparatus adapted to read data in said standard format;
receiving by electronic transmission data comprising said destination payment network identification, payee identification and payment amount; and
providing information to said destination payment network to effect transmission of funds to an account of said payee in an amount identified by said payment amount and concurrently effecting or initiating transmission of payment information to said payee. - View Dependent Claims (64)
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Specification