Automated Budget Management, Multiple Payment, and Payment Authority Management
First Claim
Patent Images
1. A computer-based method of managing authorizations for payment of bills rendered by one or more billers to a customer comprising:
- storing into a database electronic data of multiple billers for whom the customer requires bills to be paid;
storing into a database electronic data of a customer to identify the customer for use in respect of multiple billers, said electronic data of one or more billers comprising a quantum of bills expected from the one or more biller over a period of time;
totalling the quantums, and determining a customer required payment needed from the customer per salary, or from an alternative periodic payment to provide funds sufficient to cover all bills of the one or more billers over said period of time;
assigning a customer “
pay from”
account to the customer;
obtaining a commitment from the customer to make a determined customer required payment into the customer “
pay from”
account and holding “
pay from”
account details in a database;
registering into a database a corresponding one or more billers as authorized by the customer by assigning a respective “
pay into”
account for the respective one or more billers and storing details in a database;
computer linking a profile of the respective one or more billers to a profile of the customer as a managed authorization for bill payment by the customer;
storing all linked details in a store;
obtaining and storing a payment authority for each biller to be paid by the customer with the system prior to the biller rendering a bill, each payment authority being based on the stored electronic data of the customer;
whereby on receiving electronic bill data of a bill provided by a biller to the customer by an entity permitting computer transfer from the customer'"'"'s “
pay from”
account, so funds can be automatic computer electronically drawn from the customer'"'"'s “
pay from”
account to the biller'"'"'s “
pay into”
account to pay the amount of the bill by utilizing the linked details in the store and the data stored in the databases without further action from the customer on the basis of the established authority of the respective biller.
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Accused Products
Abstract
A direct debit authority management system facilitates bill payments involving a customer, a bank or financial body, and multiple billers who each bill the customer. A customer service module enables a customer to create or modify direct debit authorities for the billers. A customer registration process is facilitated by the interface to capture information for multiple billers and to establish a direct debit authority for each biller before a bill is rendered by the respective biller. A repository stores customer direct debit authorities for multiple billers, storing customer information following the customer registration process and storing biller information following the biller registration process. The system links a customer with a biller through the direct debit authority and allows a biller to draw funds from a customer based on the stored direct debit authority.
36 Citations
25 Claims
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1. A computer-based method of managing authorizations for payment of bills rendered by one or more billers to a customer comprising:
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storing into a database electronic data of multiple billers for whom the customer requires bills to be paid; storing into a database electronic data of a customer to identify the customer for use in respect of multiple billers, said electronic data of one or more billers comprising a quantum of bills expected from the one or more biller over a period of time; totalling the quantums, and determining a customer required payment needed from the customer per salary, or from an alternative periodic payment to provide funds sufficient to cover all bills of the one or more billers over said period of time; assigning a customer “
pay from”
account to the customer;obtaining a commitment from the customer to make a determined customer required payment into the customer “
pay from”
account and holding “
pay from”
account details in a database;registering into a database a corresponding one or more billers as authorized by the customer by assigning a respective “
pay into”
account for the respective one or more billers and storing details in a database;computer linking a profile of the respective one or more billers to a profile of the customer as a managed authorization for bill payment by the customer; storing all linked details in a store; obtaining and storing a payment authority for each biller to be paid by the customer with the system prior to the biller rendering a bill, each payment authority being based on the stored electronic data of the customer; whereby on receiving electronic bill data of a bill provided by a biller to the customer by an entity permitting computer transfer from the customer'"'"'s “
pay from”
account, so funds can be automatic computer electronically drawn from the customer'"'"'s “
pay from”
account to the biller'"'"'s “
pay into”
account to pay the amount of the bill by utilizing the linked details in the store and the data stored in the databases without further action from the customer on the basis of the established authority of the respective biller.
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2. A direct debit authority management system to be used to facilitate bill payments involving a customer, a bank or financial body, and multiple billers who each bill the customer, the system comprising:
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a customer service module enabling a customer to create or modify a plurality of direct debit authorities for a plurality of billers; a customer registration process facilitated by the interface, the process capturing information for use in respect of multiple billers and to establish a direct debit authority for each biller before a bill is rendered by the respective biller, each direct debit authority being established based on the captured customer information; a repository for storing a plurality of direct debit authorities of a plurality of customer for a plurality of billers, storing customer information following the customer registration process and storing biller information following the biller registration process; the system linking a customer with a biller through the direct debit authority, the system allowing a biller to draw funds from a customer based on the stored direct debit authority. - View Dependent Claims (3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16)
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17. A computer based method for managing direct debit authorities to be used to facilitate bill payments involving a customer, a bank or financial body, and multiple billers who each bill the customer, the method comprising the steps of:
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receiving instructions from a customer to create or modify a plurality of direct debit authorities for a plurality of billers; capturing customer information from a customer registration process for use in respect of multiple billers and to establish a direct debit authority for each biller before a bill is rendered by the respective biller, each direct debit authority being established based on the captured information; storing a plurality of direct debit authorities of a plurality of customer for a plurality of billers, storing customer information following the customer registration process; and enabling a biller to draw funds from a customer based on the stored direct debit authority. - View Dependent Claims (18, 19, 20, 21, 22, 23, 24, 25)
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Specification
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Current AssigneeControlabill Pty Ltd.
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Original AssigneeControlabill Pty Ltd.
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InventorsWright, Bernard John, Coulter, Stephen Bruce
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Application NumberUS13/418,552Publication NumberTime in Patent OfficeDaysField of SearchUS Class Current705/40CPC Class CodesG06Q 20/04 Payment circuitsG06Q 20/102 Bill distribution or paymentsG06Q 20/14 specially adapted for billi...G06Q 30/06 Buying, selling or leasing ...G06Q 40/00 Finance; Insurance; Tax str...
