SYSTEM FOR ALLOWING A USER TO CONTROL THE MANNER AND AMOUNT PAID TO SETTLE ACCOUNT TRANSACTIONS
First Claim
1. A method for paying bills within a bill payment system feature of an electronic banking account, comprising:
- maintaining an electronic banking account as a computer record on at least one database of a bank service provider system;
enrolling said banking account into an online bill payment system that is accessible via an electronic communications network;
receiving at least one bill having an amount to be paid within said online bill payment system;
presenting said at least one bill, over said electronic communications network, to a user for payment via a user interface embodied in a personal computing device when the user accesses said banking account via said user interface;
dividing the amount of the bill into at least two smaller payments in response to a user request; and
periodically collecting one of said smaller payments from the banking account until the total amount is paid.
2 Assignments
0 Petitions
Accused Products
Abstract
A method and system is provided that allows a banking customer to manage repayment of larger bills by breaking them into a series of smaller more manageable payments that are repaid over a number of payments that are spread over a longer period of time. As bills are presented to the bank account customer, the customer, using the user interface can select one of the bills due for payment and request that they be allowed to break the bill into smaller payments. Once approved the larger bill is broken into a predetermined number of smaller repayments that are then more easily managed by the customer in a manner that eases their cash flow.
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Citations
19 Claims
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1. A method for paying bills within a bill payment system feature of an electronic banking account, comprising:
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maintaining an electronic banking account as a computer record on at least one database of a bank service provider system; enrolling said banking account into an online bill payment system that is accessible via an electronic communications network; receiving at least one bill having an amount to be paid within said online bill payment system; presenting said at least one bill, over said electronic communications network, to a user for payment via a user interface embodied in a personal computing device when the user accesses said banking account via said user interface; dividing the amount of the bill into at least two smaller payments in response to a user request; and periodically collecting one of said smaller payments from the banking account until the total amount is paid. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
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9. A method for paying bills within a bill payment system feature of a banking account, comprising:
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presenting at least one bill having an amount to be paid to a user when the user accesses a bill payment system via a user interface embodied on a personal computing device; dividing the amount of the bill into at least two smaller payments via said personal computing device; and periodically collecting one of said smaller payments from an electronic banking account associated with the user until the total amount is paid. - View Dependent Claims (10, 11, 12, 13)
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14. A computer implemented system for paying bills within a bill payment system feature of a banking account, comprising:
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a banking account maintained as a computer record on a database at a bank service provider, said banking account associated with an online bill payment system, said banking account accessible via an electronic communications network, wherein at least one bill having an amount to be paid is presented directly to said banking account via said online bill payment system; and a user interface embodied in a personal computing device for accessing said banking account and said online bill payment system, in communication with the electronic communications network, wherein said at least one bill is presented to a user when the user accesses said banking account via said user interface; the user interface configured for dividing the amount of the presented bill into at least two smaller payments, the bank service provider periodically collecting one of said smaller payments from said banking account until the total amount is paid. - View Dependent Claims (15, 16, 17, 18, 19)
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Specification