Transfer Account Systems, Computer Program Products, And Computer-Implemented Methods To Prioritize Payments From Preselected Bank Account
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 an automatic deposit; 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 financial institution computer, the prioritized payment program including pre-authorization of certain payment requests by one or more select creditors,receiving by the financial institution computer a deposit being a payment that is electronically deposited into an account at a depository institution defining an automatic deposit, the automatic deposit being associated with an account identifier for a first account enrolled in the prioritized payment program,generating one or more prioritized payments from the first account enrolled in the prioritized payment program to one or more select creditors by the financial institution computer, the one or more prioritized payments being responsive to one or more unfilled pre-authorized payment requests by the one or more select creditors, andgenerating a payment from the first account enrolled in the prioritized payment program to an associated second account at a second financial institution by the financial institution computer, the payment being responsive to the incoming automatic deposit, a value for the payment being a value of the automatic deposit minus a value of the one or more prioritized payments to thereby define a sweep payment.
2 Assignments
0 Petitions
Accused Products
Abstract
A financial institution computer maintains one or more lists of account identifiers for accounts enrolled in a prioritized payment program and receives an automatic deposit associated with an account identifier for a first account enrolled in the prioritized payment program. The prioritized payment program includes pre-authorization of certain payment requests by select creditors. The financial institution computer generates prioritized payments from the first account to select creditors, responsive to one or more unfilled pre-authorized payment requests by the select creditors and then generates a sweep payment from the first account to an associated second account at a second financial institution, responsive to the incoming automatic deposit. A value for the sweep payment is a value of the automatic deposit minus a value of the one or more prioritized payments. The second account can be, for example, a demand deposit account or a prepaid card account.
123 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 an automatic deposit; 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 financial institution computer, the prioritized payment program including pre-authorization of certain payment requests by one or more select creditors, receiving by the financial institution computer a deposit being a payment that is electronically deposited into an account at a depository institution defining an automatic deposit, the automatic deposit being associated with an account identifier for a first account enrolled in the prioritized payment program, generating one or more prioritized payments from the first account enrolled in the prioritized payment program to one or more select creditors by the financial institution computer, the one or more prioritized payments being responsive to one or more unfilled pre-authorized payment requests by the one or more select creditors, and generating a payment from the first account enrolled in the prioritized payment program to an associated second account at a second financial institution by the financial institution computer, the payment being responsive to the incoming automatic deposit, a value for the payment being a value of the automatic deposit minus a value of the one or more prioritized payments to thereby define a sweep payment. - View Dependent Claims (2, 3, 4)
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5. A computer program product, stored on a tangible computer memory media, operable on a computer, the computer program product comprising a set of instructions that, when executed by the 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 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 a deposit being a payment that is electronically deposited into an account at a depository institution defining an automatic deposit, the automatic deposit being associated with an account identifier for a first account enrolled in the prioritized payment program, generating one or more prioritized payments from the first account enrolled in the prioritized payment program to one or more select creditors by the financial institution computer, the one or more prioritized payments being responsive to one or more unfilled pre-authorized payment requests by the one or more select creditors; and generating a payment from the first account enrolled in the prioritized payment program to an associated second account at a second financial institution by the financial institution computer, the payment being responsive to the incoming automatic deposit, a value for the payment being a value of the automatic deposit minus a value of the one or more prioritized payments to thereby define a sweep payment. - View Dependent Claims (6, 7, 8, 9, 10, 11, 12)
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13. A computer-implemented method of providing prioritized payments from the proceeds of an automatic deposit, 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 by the financial institution computer a deposit being a payment that is electronically deposited into an account at a depository institution defining an automatic deposit, the automatic deposit being associated with an account identifier for a first account enrolled in the prioritized payment program; generating one or more prioritized payments from the first account enrolled in the prioritized payment program to one or more select creditors by the financial institution computer, the one or more prioritized payments being responsive to one or more unfilled pre-authorized payment requests by the one or more select creditors; and generating a payment from the first account enrolled in the prioritized payment program to an associated second account at a second financial institution by the financial institution computer, the payment being responsive to the incoming automatic deposit, a value for the payment being a value of the automatic deposit minus a value of the one or more prioritized payments to thereby define a sweep payment. - View Dependent Claims (14, 15, 16, 17, 18, 19, 20)
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Specification