METHOD, APPARATUS, AND COMPUTER PROGRAM PRODUCT FOR OBTAINING COVERAGE REQUEST AUTHORIZATIONS
First Claim
1. A method comprising:
- receiving, via a processor, a multiple payee coverage request to generate a coverage payment in accordance with a coverage plan;
determining, via the processor, two or more payees based on the multiple payee coverage request;
receiving transaction data from at least one of the two or more payees and associating, via the processor, the transaction data with the multiple payee coverage request;
determining, via the processor, a distribution vehicle for each payee based, at least in part, on the transaction data received; and
causing, via the processor, the coverage payment to be distributed according to the respective distribution vehicles determined.
3 Assignments
0 Petitions
Accused Products
Abstract
A method, apparatus, and computer program product are provided herein for obtaining multiple authorizations for a multiple payee coverage request and facilitating the distribution of coverage payments according to the request. An example method involves receiving a multiple payee coverage request to generate a coverage payment in accordance with a coverage plan, determining two or more payees based on the multiple payee coverage request, receiving transaction data from at least one of the two or more payees and associating the transaction data with the multiple payee coverage request, determining a distribution vehicle for each payee based, at least in part, on the transaction data received, and causing the coverage payment to be distributed according to the respective distribution vehicles determined.
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Citations
20 Claims
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1. A method comprising:
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receiving, via a processor, a multiple payee coverage request to generate a coverage payment in accordance with a coverage plan; determining, via the processor, two or more payees based on the multiple payee coverage request; receiving transaction data from at least one of the two or more payees and associating, via the processor, the transaction data with the multiple payee coverage request; determining, via the processor, a distribution vehicle for each payee based, at least in part, on the transaction data received; and causing, via the processor, the coverage payment to be distributed according to the respective distribution vehicles determined. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
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9. An apparatus comprising at least one processor and at least one memory including computer program code, the at least one memory and the computer program code configured to, with the processor, cause the apparatus to at least:
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receive a multiple payee coverage request to generate a coverage payment in accordance with a coverage plan; determine two or more payees based on the multiple payee coverage request; receive transaction data from at least one of the two or more payees and associate the transaction data with the multiple payee coverage request; determine a distribution vehicle for each payee based, at least in part, on the transaction data received; and cause the coverage payment to be distributed according to the respective distribution vehicles determined. - View Dependent Claims (10, 11, 12, 13, 14)
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15. A computer program product comprising at least one non-transitory computer-readable storage medium having computer-executable program code portions stored therein, the computer-executable program code portions comprising program code instructions for:
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receiving a multiple payee coverage request to generate a coverage payment in accordance with a coverage plan; determining two or more payees based on the multiple payee coverage request; receiving transaction data from at least one of the two or more payees and associating the transaction data with the multiple payee coverage request; determining a distribution vehicle for each payee based, at least in part, on the transaction data received; and causing the coverage payment to be distributed according to the respective distribution vehicles determined. - View Dependent Claims (16, 17, 18, 19, 20)
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Specification