Transfer Account Systems, Computer Program Products, And Associated Computer-Implemented Methods
First Claim
1. A system for providing prioritized payments from the proceeds of automatic deposits, the system comprising:
- a computer associated with a first financial institution defining a financial institution computer, the financial institution computer having memory, associated with an electronic communications network, and positioned to receive, process, and send an Automated Clearing House (ACH) file; and
a computer program product associated with the financial institution computer, stored on a tangible computer memory media, operable on a computer, and used to provide prioritized payments, the computer program product comprising a set of instructions that, when executed by the computer, cause the computer to perform the operations of;
maintaining one or more lists of account identifiers for accounts enrolled in a prioritized payment program by the first financial institution, the prioritized payment program including pre-authorization of certain payment requests by one or more select creditors,receiving an incoming ACH file through an ACH electronic communication network, the ACH file including one or more account identifiers associated with a deposit being a payment that is electronically deposited into an account at a depository institution defining an automatic deposit, the automatic deposit destined for a customer account associated with a second financial institution,comparing the one or more of the account identifiers in the incoming ACH file with the maintained one or more lists of account identifiers for accounts enrolled in the prioritized payment program, andappending to an ACH file one or more prioritized payments from the customer account associated with the second financial institution to one or more select creditors to thereby define an outgoing ACH file, the outgoing ACH file being responsive to the incoming ACH file, the one or more prioritized payments being responsive to one or more unfilled pre-authorized payment requests by one or more select creditors, so that the automatic deposit is credited to the customer account associated with the second financial institution and relatively instantaneously any prioritized payment to the one or more select creditors is debited from the customer account associated with the second financial institution.
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Accused Products
Abstract
Embodiments of the present invention include transfer account systems, computer program products, and associated computer-implemented methods of providing prioritized payments from the proceeds of automatic or direct deposits. Embodiments of the present invention include routing automatic deposit information to a financial institution computer managing a prioritized payment program and formulating an outgoing ACH file with both an entry for an automatic deposit destined for a customer account and an entry for a pre-authorized prioritized payment to a select creditor, so that the automatic deposit is credited to the customer account and relatively instantaneously any prioritized payment is debited from the customer account. According to embodiments of the present invention, the customer account can be a checking, deposit, savings, money market, or other account as understood by those skilled in the art, so that a customer has effective access through the customer account only to a net value of funds.
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Citations
20 Claims
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1. A system for providing prioritized payments from the proceeds of automatic deposits, the system comprising:
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a computer associated with a first financial institution defining a financial institution computer, the financial institution computer having memory, associated with an electronic communications network, and positioned to receive, process, and send an Automated Clearing House (ACH) file; and a computer program product associated with the financial institution computer, stored on a tangible computer memory media, operable on a computer, and used to provide prioritized payments, the computer program product comprising a set of instructions that, when executed by the computer, cause the computer to perform the operations of; maintaining one or more lists of account identifiers for accounts enrolled in a prioritized payment program by the first financial institution, the prioritized payment program including pre-authorization of certain payment requests by one or more select creditors, receiving an incoming ACH file through an ACH electronic communication network, the ACH file including one or more account identifiers associated with a deposit being a payment that is electronically deposited into an account at a depository institution defining an automatic deposit, the automatic deposit destined for a customer account associated with a second financial institution, comparing the one or more of the account identifiers in the incoming ACH file with the maintained one or more lists of account identifiers for accounts enrolled in the prioritized payment program, and appending to an ACH file one or more prioritized payments from the customer account associated with the second financial institution to one or more select creditors to thereby define an outgoing ACH file, the outgoing ACH file being responsive to the incoming ACH file, the one or more prioritized payments being responsive to one or more unfilled pre-authorized payment requests by one or more select creditors, so that the automatic deposit is credited to the customer account associated with the second financial institution and relatively instantaneously any prioritized payment to the one or more select creditors is debited from the customer account associated with the second financial institution. - View Dependent Claims (2, 3, 4)
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5. A computer program product associated with a financial institution computer, stored on a tangible computer memory media, operable on a computer, and used to provide prioritized payments, the computer program product comprising a set of instructions that, when executed by the financial institution computer, cause the computer to perform the operations of:
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maintaining one or more lists of account identifiers for accounts enrolled in a prioritized payment program by a first financial institution, the prioritized payment program including pre-authorization of certain payment requests by one or more select creditors; receiving an incoming Automated Clearing House (ACH) file through an ACH electronic data communication network, the ACH file including one or more account identifiers associated with a deposit being a payment that is electronically deposited into an account at a depository institution defining an automatic deposit, the automatic deposit destined for a customer account associated with a second financial institution; comparing the one or more of the account identifiers in the incoming ACH file with the maintained one or more lists of account identifiers for accounts enrolled in the prioritized payment program; and appending to an ACH file one or more prioritized payments from the customer account associated with the second financial institution to one or more select creditors to thereby define an outgoing ACH file, the outgoing ACH file being responsive to the incoming ACH file, the one or more prioritized payments being responsive to one or more unfilled pre-authorized payment requests by one or more select creditors, so that the automatic deposit is credited to the customer account associated with the second financial institution and relatively instantaneously any prioritized payment to the one or more select creditors is debited from the customer account associated with the second financial institution. - View Dependent Claims (6, 7, 8, 9, 10, 11, 12)
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13. A computer-implemented method of providing prioritized payments, the computer-implemented method comprising:
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maintaining one or more lists of account identifiers for accounts enrolled in a prioritized payment program by a computer associated with a first financial institution defining a financial institution computer, the prioritized payment program including pre-authorization of certain payment requests by one or more select creditors; receiving an incoming Automated Clearing House (ACH) file by the financial institution computer through an ACH electronic data communication network, the ACH file including one or more account identifiers associated with a deposit being a payment that is electronically deposited into an account at a depository institution defining an automatic deposit, the automatic deposit destined for a customer account associated with a second financial institution; comparing by the financial institution computer the one or more of the account identifiers in the incoming ACH file with the maintained one or more lists of the account identifiers for accounts enrolled in the prioritized payment program; and appending to an ACH file one or more prioritized payments from the customer account associated with a second financial institution to one or more select creditors by the financial institution computer to thereby define an outgoing ACH file, the outgoing ACH file being responsive to the incoming ACH file, the one or more prioritized payments being responsive to one or more unfilled pre-authorized payment requests by the one or more select creditors, so that the automatic deposit is credited to the customer account associated with the second financial institution and relatively instantaneously any prioritized payment to the one or more select creditors is debited from the customer account associated with a second financial institution. - View Dependent Claims (14, 15, 16, 17, 18, 19, 20)
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Specification