Bill Payment Methods
First Claim
1. A computer-implemented method for the payment of periodic bills of creditors, comprising:
- receiving a list of two or more creditors from a customer;
paying the periodic bills of each of the two or more creditors on behalf of the customer;
calculating an average of the periodic bills by the creditors to the customer over a period of time;
charging the customer average periodic payments based upon a sum of the average of the periodic bills from each of the two or more creditors; and
storing payment information into a database residing on a computer, the payment information comprising the customer'"'"'s identification, the creditors of the customer, corresponding account numbers for each of the creditors, and the average of each of the periodic bills for the creditors over a selected period of time, and wherein the computer is programmed with accounting software to calculate the average of each of the periodic bills.
0 Assignments
0 Petitions
Accused Products
Abstract
A method for paying bills is provided. The method includes receiving a list of creditors from a customer, calculating an average of a customer'"'"'s periodic bills from the creditors, paying the periodic bills of the creditor on behalf of the customer, and charging the customer average periodic payments. The method may further include charging the customer a fee in addition to the average periodic payments. In one aspect, the customer makes periodic payments to a bill servicing entity. In another aspect, the bill servicing entity receives a monthly check on behalf of the customer, and then pays the customer an allowance after the averaged periodic payments are deducted.
24 Citations
20 Claims
-
1. A computer-implemented method for the payment of periodic bills of creditors, comprising:
-
receiving a list of two or more creditors from a customer; paying the periodic bills of each of the two or more creditors on behalf of the customer; calculating an average of the periodic bills by the creditors to the customer over a period of time; charging the customer average periodic payments based upon a sum of the average of the periodic bills from each of the two or more creditors; and storing payment information into a database residing on a computer, the payment information comprising the customer'"'"'s identification, the creditors of the customer, corresponding account numbers for each of the creditors, and the average of each of the periodic bills for the creditors over a selected period of time, and wherein the computer is programmed with accounting software to calculate the average of each of the periodic bills. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20)
-
Specification