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VENDOR PAYMENT CONSOLIDATION SYSTEM

  • US 20120030101A1
  • Filed: 09/30/2011
  • Published: 02/02/2012
  • Est. Priority Date: 10/06/2009
  • Status: Abandoned Application
First Claim
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1. A method for providing a payment to a common payee from a plurality of related paying entities, comprising:

  • determining a payment amount due by each of a plurality of paying entities to a common payee using an automated processing system, wherein each of the plurality of paying entities are controlled by a single legal entity;

    providing the determined payment amounts for each of the paying entities to a third-party payment processing entity using an automated processing system, wherein the single legal entity does not control the payment processing entity;

    directing the payment processing entity to aggregate the determined payment amounts to define a single total amount due to the payee; and

    directing the payment processing entity to remit payment to the payee in the single total amount.

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