ELECTRONIC PAYMENT METHOD OF PRESENTATION TO AN AUTOMATED CLEARING HOUSE (ACH)
First Claim
1. An electronic payment method implemented as an application gateway between a bank and parties to a payment transaction facilitating presentation of complete payment particulars of said payment transaction from a payor to a payee to be cleared by an automatic clearing house (ACH), such that partial payment particulars provided by each of said payor and payee may be collated into complete payment particulars required by the ACH to process and clear said transaction, said method comprising the steps of:
- (i) a payor initiating request for payment via the bank'"'"'s electronic banking channel having access to said application gateway, and providing partial payment particulars which includes payee identifier;
(ii) said electronic banking channel processes said partial payment particulars to approve or reject said request for payment;
(iii) upon approval, sending said partial payment particulars to said application gateway;
(iv) said application gateway generating a unique code to the payee and/or payor;
(v) said payee using said unique code and payee identifier to access said application gateway to complete payment particulars, including indicating a payee bank account particulars for said payment to be credited into;
(vi) said application gateway presenting complete payment particulars to said automatic clearing house (ACH) be cleared.
1 Assignment
0 Petitions
Accused Products
Abstract
An electronic payment method implemented as an application gateway between a bank and an automated clearing house (ACH) which facilitates presentation of complete payment particulars to said ACH of a request for payment from a payor to a payee. Our method requires each of payor and payee to separately input their respective particulars to complete said payment particulars for presentation to the ACH, wherein each of said payor and payee are only allowed selective access to particulars sufficient to identify the transaction. A payor initiates payment request via his bank'"'"'s electronic banking channel having access to said application gateway. Partial payment particulars are provided which includes a payee identifier. The payee receives a unique code enabling him to access the application gateway via his bank'"'"'s channel and complete his part of the payment particulars. The complete particulars are presented to the ACH for clearance.
-
Citations
24 Claims
-
1. An electronic payment method implemented as an application gateway between a bank and parties to a payment transaction facilitating presentation of complete payment particulars of said payment transaction from a payor to a payee to be cleared by an automatic clearing house (ACH), such that partial payment particulars provided by each of said payor and payee may be collated into complete payment particulars required by the ACH to process and clear said transaction, said method comprising the steps of:
-
(i) a payor initiating request for payment via the bank'"'"'s electronic banking channel having access to said application gateway, and providing partial payment particulars which includes payee identifier; (ii) said electronic banking channel processes said partial payment particulars to approve or reject said request for payment; (iii) upon approval, sending said partial payment particulars to said application gateway; (iv) said application gateway generating a unique code to the payee and/or payor; (v) said payee using said unique code and payee identifier to access said application gateway to complete payment particulars, including indicating a payee bank account particulars for said payment to be credited into; (vi) said application gateway presenting complete payment particulars to said automatic clearing house (ACH) be cleared. - View Dependent Claims (3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 22)
-
-
2. (canceled)
-
21. An electronic banking channel, including at least one selected from the group consisting of:
-
inter-branch internal banking network; mobile phone banking portal; internet banking portal; and automatic teller machines (ATM) and banking kiosks, wherein said electronic banking channel is an electronic payment method implemented as an application gateway between a bank and parties to a payment transaction facilitating presentation of complete payment particulars of said payment transaction from a payor to a payee to be cleared by an automatic clearing house (ACH), such that partial payment particulars provided by each of said payor and payee may be collated into complete payment particulars required by the ACH to process and clear said transaction, said method comprising the steps of; (i) a payor initiating request for payment via the bank'"'"'s electronic banking channel having access to said application gateway, and providing partial payment particulars which includes payee identifier; (ii) said electronic banking channel processes said partial payment particulars to approve or reject said request for payment; (iii) upon approval, sending said partial payment particulars to said application gateway, (iv) said application gateway generating a unique code to the payee and/or payor; (v) said payee using said unique code and payee identifier to access said application gateway to complete payment particulars, including indicating a payee bank account particulars for said payment to be credited into; (vi) said application gateway presenting complete payment particulars to said automatic clearing house (ACH) be cleared.
-
-
23. An electronic payment system incorporating at least one selected from the group consisting of:
-
an electronic banking channel, including at least one selected from the group consisting of; inter-branch internal banking network; mobile phone banking portal; internet banking portal; and automatic teller machines (ATM) and banking kiosks, wherein said electronic banking channel is an electronic payment method implemented as an application gateway between a bank and parties to a payment transaction facilitating presentation of complete payment particulars of said payment transaction from a payor to a payee to be cleared by an automatic clearing house (ACH), such that partial payment particulars provided by each of said payor and payee may be collated into complete payment particulars required by the ACH to process and clear said transaction, said method comprising the steps of; (i) a payor initiating request for payment via the bank'"'"'s electronic banking channel having access to said application gateway, and providing partial payment particulars which includes payee identifier; (ii) said electronic banking channel processes said partial payment particulars to approve or reject said request for payment; (iii) upon approval, sending said partial payment particulars to said application gateway; (iv) said application gateway generating a unique code to the payee and/or payor; (v) said payee using said unique code and payee identifier to access said application gateway to complete payment particulars, including indicating a payee bank account particulars for said payment to be credited into; (vi) said application gateway presenting complete payment particulars to said automatic clearing house (ACH) be cleared, an application gateway implementing an electronic payment method between a bank and parties to a payment transaction facilitating presentation of complete payment particulars of said payment transaction from a payor to a payee to be cleared by an automatic clearing house (ACH), such that partial payment particulars provided by each of said payor and payee may be collated into complete payment particulars required by the ACH to process and clear said transaction, said method comprising the steps of; (i) a payor initiating request for payment via the bank'"'"'s electronic banking channel having access to said application gateway, and providing partial payment particulars which includes payee identifier; (ii) said electronic banking channel processes said partial payment particulars to approve or reject said request for payment; (iii) upon approval, sending said partial payment particulars to said application gateway; (iv) said application gateway generating a unique code to the payee and/or payor; (v) said payee using said unique code and payee identifier to access said application gateway to complete payment particulars, including indicating a payee bank account particulars for said payment to be credited into; (vi) said application gateway presenting complete payment particulars to said automatic clearing house (ACH) be cleared, and an automated clearing house (ACH).
-
-
24. (canceled)
Specification