Automated Budget Management, Multiple Payment, and Payment Authority Management
First Claim
1. An automated budget management and multiple bill payment system comprising:
- 1. at least one customer (hereinafter referred to as “
Customer”
),2. at least one bank or like financial body (hereinafter referred to as “
Bank”
),3. multiple Billers who will each bill said Customer (hereinafter referred to as “
Billers”
),said system having a Customer registration process,said Customer registration process requiring the Customer to commit to make regular Customer payment to the Bank for the cost of bills rendered to the Customer by the Billers so as to provide budgeted funds for bill payment, the Customer payment being based on a budget setting process involving all the anticipated bills, from all Billers over a period of time before registration of the customer can be completed, said Customer registration process also requiring the Customer to identify each one of the Billers,a Billers'"'"' registration process requiring each one of the Billers to identify a respective bill “
pay into”
account,said system requiring the Billers to forward bill details to both the Customer and the Bank and wherein funds are drawn directly from the budgeted funds of the customer and there is a payment of the drawn funds into the Biller'"'"'s “
pay into”
account for payment of a bill.
1 Assignment
0 Petitions
Accused Products
Abstract
An automated budget management and bill payment system is provided where there is at least one customer (1), at least one bank (5), and multiple billers (3). The system has a customer registration process which requires the customer (1) to commit to make regular customer payment to the bank (5) for the cost of bills rendered to the customer (1) by the billers (3). This enables budgeted funds for bill payment to be provided. The customer (1) payment is based on a budget setting process (25) involving all of the anticipated bills from all of the billers (3) over a period of time. The customer (1) registration process also requires the customer (1) to identify each one of the billers (3). A billers (3) registration process is required where each of the billers (3) identifies a respective bill “pay into” account. The system requires the billers (3) to forward bill details to both the customer (1) and the bank (5) and wherein funds are drawn/transferred directly from the budgeted funds of the customer and there is payment of the drawn fund into the biller'"'"'s “pay into” account for payment of a bill.
39 Citations
26 Claims
-
1. An automated budget management and multiple bill payment system comprising:
-
1. at least one customer (hereinafter referred to as “
Customer”
),2. at least one bank or like financial body (hereinafter referred to as “
Bank”
),3. multiple Billers who will each bill said Customer (hereinafter referred to as “
Billers”
),said system having a Customer registration process, said Customer registration process requiring the Customer to commit to make regular Customer payment to the Bank for the cost of bills rendered to the Customer by the Billers so as to provide budgeted funds for bill payment, the Customer payment being based on a budget setting process involving all the anticipated bills, from all Billers over a period of time before registration of the customer can be completed, said Customer registration process also requiring the Customer to identify each one of the Billers, a Billers'"'"' registration process requiring each one of the Billers to identify a respective bill “
pay into”
account,said system requiring the Billers to forward bill details to both the Customer and the Bank and wherein funds are drawn directly from the budgeted funds of the customer and there is a payment of the drawn funds into the Biller'"'"'s “
pay into”
account for payment of a bill. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21)
-
-
22. A method of electronically registering a Customer in an automated software controlled budget management and multiple bill payment system by use of an application in the System comprising:
-
entering electronic data of a customer to identify the customer; entering electronic data of multiple billers'"'"' for whom the customer requires bills to be paid, said electronic data of multiple billers'"'"' comprising a quantum of bills expected from each biller over a period of time, totaling the quantums, and determining a customer required payment needed from a customer per salary or from an alternative periodic payment to provide funds sufficient to cover all the bills of all billers over said period of time, requiring the customer to commit to make payments of the determined customer required payment and upon that commitment being obtained, ascertaining a customers'"'"' “
pay from”
account into which the determined customer required payments will be made,registering the multiple billers'"'"' in the system, and linking details to a profile of the customer storing all linked details in a store, and then registering the customer in the system so that when a biller sends bill data to the system in respect of a customer bill, the system will be able to automate payment from the Customers'"'"' “
pay from”
account. - View Dependent Claims (24)
-
-
23. A method as claimed in claim 23, wherein biller registration in the system requires the biller to nominate a “
- pay into”
account so there can be an electronic transfer of funds from the customers'"'"' bill “
pay from”
account to the billers'"'"' “
pay into”
account.
- pay into”
-
25. A method of electronic budget management and payment of bills from multiple billers comprising,
entering electronic data of a customer to identify the customer, entering electronic data of multiple billers'"'"' for whom the customer requires bills to be paid, said electronic data of multiple billers'"'"' comprising a quantum of bills expected from each biller over a period of time, totaling the quantums, and determining a customer required payment needed from the customer per salary, or from an alternative periodic payment to provide funds sufficient to cover all bills of all multiple billers over said period of time, assigning a customer “ - pay from”
account to the customer,obtaining a commitment from the customer to make the determined customer required payment into the customer “
pay from”
account,registering each of the multiple billers by assigning a respective “
pay into”
account for each biller,linking a profile of each of the billers to a profile of the customer, storing all linked details in a store, receiving electronic bill data of a bill provided by a biller to the customer, and allowing an automatic electronic transfer of funds from the customers “
pay from”
account to the billers “
pay into”
account to pay the amount of the bill by utilizing the linked details in the store.
- pay from”
-
26. A method of managing authorisations for payment of bills rendered by one or more billers to a customer comprising,
entering electronic data of multiple billers for whom the customer requires bills to be paid, entering electronic data of a customer to identify the customer, said electronic data of one or more billers comprising a quantum of bills expected from the one or more biller over a period of time, totaling the quantums, and determining a customer required payment needed from the customer per salary, or from an alternative periodic payment to provide funds sufficient to cover all bills of the one or more billers over said period of time, assigning a customer “ - pay from”
account to the customer,obtaining a commitment from the customer to make a determined customer required payment into the customer “
pay from”
account,registering a corresponding one or more billers as authorised by the customer by assigning a respective “
pay into”
account for the respective one or more billers,linking a profile of the respective one or more billers to a profile of the customer as a managed authorisation for bill payment by the customer, storing all linked details in a store, whereby on receiving electronic bill data of a bill provided by a biller to the customer by an entity permitting transfer from the customers “
pay from”
account, there can be an automatic electronic transfer of funds from the customers “
pay from”
account to the billers “
pay into”
account to pay the amount of the bill by utilising the linked details in the store.
- pay from”
Specification