Multi-factor algorithm for facilitating electronic payments to payees
First Claim
1. A method for making a payment requested via a wide area network on behalf of a payor, comprising:
- receiving, by a payment service provider via a network, a request for the payment service provider to make a payment to a payee on behalf of the payor;
determining, by the payment service provider, whether or not first payee identity information for the payee to be paid pursuant to the received request, which is included in first data associated with the payor, has an associated indicator indicating that the payee to be paid is payable by crediting that payee via electronic funds transfer;
if it is determined that there is no indicator, determining, by the payment service provider, whether or not respective second payee identity information included in second data associated with and identifying multiple payees payable on behalf of multiple payors by crediting via electronic funds transfer, identifies the payee to be paid; and
if it is determined that the payee to be paid is identified, directing, by the payment service provider, the requested payment on behalf of the payor by crediting, via electronic funds transfer, a deposit account represented by deposit account information associated with the respective second payee identity information identifying the payee to be paid included in the second data.
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Accused Products
Abstract
The payment service provider receives a request to make a payment to a payee on behalf of the payor, via a wide area network. The payment service provider first determines whether or not first payee identity information for the payee to be paid pursuant to the received request, which is included in first data associated with the payor, has an associated indicator indicating that the payee to be paid is payable by crediting that payee via electronic funds transfer. If not, the payment service provider next determines whether or not respective second payee identity information, which is included in second data associated with multiple payees and identifies each of the multiple payees payable on behalf of multiple payors by crediting that payee via electronic funds transfer, identifies the payee to be paid. If so, the payment service provider directs the requested payment by crediting, via electronic funds transfer, a deposit account represented by the deposit account information associated with the respective second payee identity information identifying the payee to be paid in the second data.
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Citations
20 Claims
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1. A method for making a payment requested via a wide area network on behalf of a payor, comprising:
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receiving, by a payment service provider via a network, a request for the payment service provider to make a payment to a payee on behalf of the payor;
determining, by the payment service provider, whether or not first payee identity information for the payee to be paid pursuant to the received request, which is included in first data associated with the payor, has an associated indicator indicating that the payee to be paid is payable by crediting that payee via electronic funds transfer;
if it is determined that there is no indicator, determining, by the payment service provider, whether or not respective second payee identity information included in second data associated with and identifying multiple payees payable on behalf of multiple payors by crediting via electronic funds transfer, identifies the payee to be paid; and
if it is determined that the payee to be paid is identified, directing, by the payment service provider, the requested payment on behalf of the payor by crediting, via electronic funds transfer, a deposit account represented by deposit account information associated with the respective second payee identity information identifying the payee to be paid included in the second data. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A system for making a payment requested via a wide area network on behalf of a payor, comprising:
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a first data store, associated with the payor, having first payee identity information for a payee;
a second data store, associated with payees, having respective second payee identity information identifying each of multiple payees payable on behalf of multiple payors by crediting via electronic funds transfer and respective deposit account information associated with the second payee identity information identifying each of the multiple payees; and
a processor configure to (i) receive, via a network, a request to make a payment to the payee on behalf of the payor, (ii) determine, responsive to the received request, whether or not the stored first payee identity information for the payee has an associated indicator indicating that the payee is payable by crediting via electronic funds transfer, (iii) if it is determined that there is no associated indicator, determining whether or not the respective second payee identity information in the second data store identifies the payee, and (iv) if it is determined that the respective second payee identity information identifies the payee, directing the requested payment by crediting, via electronic funds transfer, a deposit account represented by the respective deposit account information associated with the respective second payee identity information identifying the payee in the second data store. - View Dependent Claims (9, 10, 11, 12, 13, 14)
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15. A networked system, including multiple network stations interconnected by a wide area communications network, for making a payment requested via the network on behalf of a payor, comprising:
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a first data store, associated with the payor, having first payee identity information for a payee;
a second data store, associated with payees, having respective second payee identity information identifying each of multiple payees payable on behalf of multiple payors by crediting via electronic funds transfer and respective deposit account information associated with the second payee identity information identifying each of the multiple payees;
a first network station, representing the payor, configured to transmit, via the network, a request to make a payment to the payee on behalf of the payor; and
a second network station, representing a bill payment service provider, configured (i) to determine, responsive to the transmitted request, whether or not the first payee identity information for the payee in the first data store has an associated indicator indicating that the payee is payable by crediting via electronic funds transfer, and (ii) if it is determined that there is no associated indicator, to determine whether or not the respective second payee identity information in the second data store identifies the payee, and (iii) if it is determined that the respective second payee identity information identifies the payee, to direct the requested payment by crediting, via electronic funds transfer, a deposit account represented by the respective deposit account information associated with the respective second payee identity information identifying the payee in the second data store. - View Dependent Claims (16, 17, 18, 19, 20)
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Specification