BILL PAYMENT SYSTEM AND METHOD
First Claim
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1. A method for interim authorization comprising:
- receiving a request from a merchant to authorize an interim payment to the merchant, prior to enablement of a recurring payment process from the financial processor to the merchant;
requesting a transaction coordination code from a financial processor;
receiving the transaction coordination code; and
,sending the transaction coordination code to the merchant, wherein the merchant obtains the interim payment from the financial processor using the transaction coordination code.
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Abstract
Automated authorization and processing of an interim payment is disclosed. When a merchant requests payment prior to a recurring payment process being enabled, the system handles the payment request without customer intervention. The system requests and receives a transaction coordination code for an interim payment from a financial processor. The system passes the interim payment transaction coordination code to the merchant so the merchant may obtain an authorized payment.
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Citations
11 Claims
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1. A method for interim authorization comprising:
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receiving a request from a merchant to authorize an interim payment to the merchant, prior to enablement of a recurring payment process from the financial processor to the merchant; requesting a transaction coordination code from a financial processor; receiving the transaction coordination code; and
,sending the transaction coordination code to the merchant, wherein the merchant obtains the interim payment from the financial processor using the transaction coordination code. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A method for requesting an interim payment comprising:
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sending a request to authorize a payment to the merchant, prior to enablement of a recurring payment process from the financial processor to the merchant; receiving a transaction coordination code from a bill pay service, wherein the bill pay service receives the transaction coordination code from a financial processor; and
,requesting the interim payment, wherein the payment request includes the transaction coordination code.
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9. A method for processing an interim payment:
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receiving a request for a transaction coordination code from a bill pay service, wherein the bill pay service receives a request for a interim payment to a merchant, and wherein the request for the interim payment is prior to enablement of a recurring payment from a financial processor to the merchant; sending the transaction coordination code to the bill pay service, wherein the merchant obtains the interim payment from the financial processor using the transaction coordination code; receiving a request from the merchant for the interim payment wherein the request includes the transaction coordination code.
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10. A machine-readable medium having stored thereon a plurality of instructions for interim authorization, said plurality of instructions when executed by at least one processor, cause said processor to perform a method comprising the steps of:
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receiving a request from a merchant to authorize an interim payment to the merchant, prior to enablement of a recurring payment from the financial processor to the merchant; requesting a transaction coordination code from a financial processor; receiving the transaction coordination code; and
,sending the transaction coordination code to the merchant, wherein the merchant obtains the interim payment from the financial processor using the transaction coordination code.
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11. A bill payment management system comprising:
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a bill payment engine configured to; receive a request from a merchant to authorize an interim payment to the merchant, prior to enablement of a recurring payment from the financial processor to the merchant; request a transaction coordination code from a financial processor; receive the transaction coordination code; and
,send the transaction coordination code to the merchant, wherein the merchant obtains the interim payment from the financial processor using the transaction coordination code. a bill payment tracking engine configured to track a plurality of bills through a bill payment cycle and to generate messages to at least one of;
the merchant, the financial processor and a customer.
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Specification