Web-based payment system with consumer interface and methods
First Claim
1. A method of processing a payment from a payer to a payee, comprising:
- receiving at a host computer system a request to initiate a payment;
transmitting from the host computer system to a payer computer a file comprising a display screen configured for receiving, from the payer, information relating to the payment;
receiving the information from the payer at the host computer system;
creating with the host computer system a credit transaction based on the information that debits funds from a transaction processor'"'"'s bank and credits funds to a bank of the payee;
creating with the host computer system a debit transaction based on the information that debits funds from a bank of the payer and credits funds to the transaction processor'"'"'s bank; and
sending both the debit transaction and the credit transaction to a banking network within one banking day.
4 Assignments
0 Petitions
Accused Products
Abstract
A method of processing a payment from a payer to a payee includes receiving at a host computer system a request to initiate a payment and transmitting from the host computer system to a payer computer a file comprising a display screen configured for receiving, from the payer, information relating to the payment. The method also includes receiving the information from the payer at the host computer system. The method also includes creating with the host computer system a credit transaction based on the information that debits funds from a transaction processor'"'"'s bank and credits funds to a bank of the payee and creating with the host computer system a debit transaction based on the information that debits funds from a bank of the payer and credits funds to the transaction processor'"'"'s bank. The method also includes sending both the debit transaction and the credit transaction to a banking network within one banking day.
87 Citations
21 Claims
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1. A method of processing a payment from a payer to a payee, comprising:
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receiving at a host computer system a request to initiate a payment;
transmitting from the host computer system to a payer computer a file comprising a display screen configured for receiving, from the payer, information relating to the payment;
receiving the information from the payer at the host computer system;
creating with the host computer system a credit transaction based on the information that debits funds from a transaction processor'"'"'s bank and credits funds to a bank of the payee;
creating with the host computer system a debit transaction based on the information that debits funds from a bank of the payer and credits funds to the transaction processor'"'"'s bank; and
sending both the debit transaction and the credit transaction to a banking network within one banking day. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A payee computer system, comprising:
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means for interacting, via a network, with a payer;
means for receiving from the payer a request to make a payment to the payee;
means for linking the payer to a transaction processor'"'"'s computer system that is programmed to present a series of payment information receiving screens having branding information relating to the payee. - View Dependent Claims (11)
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12. A method of receiving payment information from a payer, comprising:
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interacting, via a network, with the payer;
receiving from the payer a request to make a payment to the payee; and
linking the payer to a transaction processor'"'"'s computer system that is programmed to present a series of payment information receiving screens having branding information relating to the payee.
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13. A system for processing a payment from a payer to a payee, comprising:
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a host computer system, comprising;
an interface to a payer computer;
an interface to a banking network; and
an interface to a payee computing system;
wherein the host computer system is programmed to;
receive through the interface to the payer computer a request from the payer to initiate a payment;
transmit from the host computer system to the payer computer through the interface to the payer computer a file comprising a display screen configured for receiving information relating to the payment from the payer;
receive the information from the payer computer through the interface to the payer computer;
create a credit transaction that debits funds from a transaction processor'"'"'s bank and credits funds to a bank of the payee;
create a debit transaction based on the information that debits funds from a bank of the payer and credits funds to the transaction processor'"'"'s bank; and
send both the debit transaction and the credit transaction to the banking network through the interface to the banking network on a banking day. - View Dependent Claims (14, 15, 16, 17, 18, 19, 20, 21)
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Specification