INTER-NETWORK INVOICING PAYMENT METHOD AND SYSTEM
First Claim
1. A payment method comprising:
- a payment network hub receiving an invoice from a sender, wherein the invoice includes an identification of a recipient;
the payment network hub determining whether the recipient is registered at a financial institution that is in the payment network; and
if the recipient is not registered at a financial institution that is in the payment network, communicating to the recipient that the invoice is available.
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Accused Products
Abstract
An inter-bank email and mobile invoicing network is disclosed. Embodiments disclosed herein include an inter-bank email and mobile invoicing network that enables customers of banks or independent portals to send invoices to an email address or mobile phone number. The invoice can be received by the recipient within their bank'"'"'s online or mobile banking site, in the case of banks that belong to a network that is managed by the proprietors of a financial management system and payment hub as disclosed herein. These banks will be referred to as “network banks” herein. The inter-bank invoicing network also refers to a common provider or connected providers of an invoicing and payment service that is linked to banks and to independent service providers.
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Citations
14 Claims
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1. A payment method comprising:
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a payment network hub receiving an invoice from a sender, wherein the invoice includes an identification of a recipient; the payment network hub determining whether the recipient is registered at a financial institution that is in the payment network; and if the recipient is not registered at a financial institution that is in the payment network, communicating to the recipient that the invoice is available. - View Dependent Claims (2, 2, 3, 4, 4, 5, 6, 6, 7, 8, 9, 10, 11, 12, 13)
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14. An inter-bank email and invoicing system, comprising:
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an inter-bank email and invoicing network coupled to the internet, the network comprising; a plurality of databases configurable to store data comprising financial data related to multiple financial institutions, data related to multiple users wherein users include account holders at financial institution, data related to members of the network, and data related to independent payment portals that are not members of the network; a plurality of servers configurable to communicate via the Internet and to process data within the system; and an internetworked payment hub configurable to, receive an invoice from a sender, wherein the invoice includes an identification of a recipient; the payment hub determining whether the recipient is registered at a financial institution that is a member of the network; and if the recipient is not registered at a financial institution that a member of the network, communicating to the recipient that the invoice is available
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Specification