Loyalty Rewards Optimization Bill Payables and Receivables Service
First Claim
1. A system, comprising:
- a transaction handler configured to process transactions between issuers and acquirers in response to account identifiers of customers, as issued by the issuers, being submitted by the acquirers, the acquirers to receive payments on behalf of the merchants and the issuers to make the payments on behalf of the customers; and
a web service apparatus coupled with the transaction handler to;
receive an invoice from a payee, the payee having a first account issued by a first issuer;
present the invoice to a payer of the invoice, the payer having a second account issued by a second issuer;
receive a payment request initiated from the invoice presented by the computing device to the payer; and
communicate, using the transaction handler, with the first issuer and the second issuer to charge the second account of the payer and credit the first account of the payee according to the invoice.
1 Assignment
0 Petitions
Accused Products
Abstract
For several accounts receivable, a reward account is determined as the account that receives the largest deposit to the loyalty reward balance thereof by a payment of the account receivable. For each reward account, a deficient reward account is found if the currency balance for the reward account is not sufficient for the payment of the account payable. For each deficiency reward account, if identified accounts receivables can be deposited such that the currency balance thereof will be sufficient to pay the account payable, then payments are made of: (i) the identified accounts receivables as corresponding deposits to the currency balance of the deficiency reward account such that the currency balance thereof is sufficient for the payment of the account payable; and (ii) the account payable by a withdrawal from the currency balance of the deficiency reward account.
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Citations
20 Claims
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1. A system, comprising:
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a transaction handler configured to process transactions between issuers and acquirers in response to account identifiers of customers, as issued by the issuers, being submitted by the acquirers, the acquirers to receive payments on behalf of the merchants and the issuers to make the payments on behalf of the customers; and a web service apparatus coupled with the transaction handler to; receive an invoice from a payee, the payee having a first account issued by a first issuer; present the invoice to a payer of the invoice, the payer having a second account issued by a second issuer; receive a payment request initiated from the invoice presented by the computing device to the payer; and communicate, using the transaction handler, with the first issuer and the second issuer to charge the second account of the payer and credit the first account of the payee according to the invoice.
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2. A computer-implemented method, comprising:
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receiving, in a computing device via a web service, an invoice from a payee, the payee having a first account issued by a first issuer; presenting, by the computing device via the web service, the invoice to a payer of the invoice, the payer having a second account issued by a second issuer; receiving, in the computing device, a payment request initiated from the invoice presented by the computing device to the payer; and communicating, by the computing device using a transaction handler, with the first issuer and the second issuer to charge the second account of the payer and credit the first account of the payee according to the invoice, wherein the transaction handler is configured to process transactions between issuers and acquirers in response to account identifiers of customers, as issued by the issuers, being submitted by the acquirers, the acquirers to receive payments on behalf of the merchants and the issuers to make the payments on behalf of the customers. - View Dependent Claims (3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19)
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20. A computer-storage medium storing instructions which, when executed on a computer, cause the computer to:
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receive, via a web service, an invoice from a payee, the payee having a first account issued by a first issuer; present, via the web service, the invoice to a payer of the invoice, the payer having a second account issued by a second issuer; receive a payment request initiated from the invoice presented by the computing device to the payer; and communicate, using a transaction handler, with the first issuer and the second issuer to charge the second account of the payer and credit the first account of the payee according to the invoice, wherein the transaction handler is configured to process transactions between issuers and acquirers in response to account identifiers of customers, as issued by the issuers, being submitted by the acquirers, the acquirers to receive payments on behalf of the merchants and the issuers to make the payments on behalf of the customers.
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Specification