SCHEDULING FUTURE PAYMENTS TO AN EXTERNAL PAYMENT SERVICE

• US 20150324770A1
• Filed: 05/06/2014
• Published: 11/12/2015
• Est. Priority Date: 05/06/2014
• Status: Abandoned Application

• Current Assignee: Bank of America Corp.
• Original Assignee: Bank of America Corp.
• Inventors: Starikova, Anna Vladimirovna, Eddy, Linda Ann, Dunne, Brian
• Application Number:
  US14/270,522
• Publication Number:
  US 20150324770A1
• Time in Patent Office: Days
• US Class Current: 1/1
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/102 Bill distribution or payments
• CPC Class Codes: G06Q 20/24 Credit schemes, i.e. "pay after"

Abstract

In some embodiments, a system receives promise-to-pay information associated with a loan past due from a user. The promise-to-pay information comprises a promised amount, a promised date, and a payment form. The system determines a minimum promise-to-pay amount for the user. If the promised amount is greater than the minimum promise-to-pay amount, the system determines an external payment service based on the payment form. The external payment service is a payment service that processes a payment for the promised amount. The system communicates to the determined external payment service portions of the promise-to-pay information used to process the payment for the promised amount within a predetermined time period before the promised date, and communicates an alert to the user.

Claims

1. A system, comprising:

an interface configured to receive promise-to-pay information associated with a loan past due from a user via a user device, the loan past due comprises a due date and a loan amount, and the promise-to-pay information comprises a promised amount, a promised date, and a payment form;

one or more processors communicatively coupled to the interface, the one or more processors configured to;

determine a minimum promise-to-pay amount for the user, the minimum promise-to-pay amount calculated using the loan amount of the loan past due, the due date of the loan past due, and a user risk score associated with the user, the user risk score based on a user payment history; and

determine whether the promised amount is greater than the minimum promise-to-pay amount, and in response to the promised amount being greater than the minimum promise-to-pay amount;

determine an external payment service based on the payment form, the external payment service is a payment service that processes a payment for the promised amount; and

the interface further configured to;

communicate to the determined external payment service portions of the promise-to-pay information used to process the payment for the promised amount, the portions of the promise-to-pay information communicated to the determined external payment service within a predetermined time period before the promised date; and

communicate an alert to the user, the alert indicating that the portions of the promise-to-pay information have been communicated to the determined external payment service.

2. The system of claim 1, wherein the one or more processors are further configured to:

determine a message format according to the determined external payment service; and

translate the portions of the promise-to-pay information to the message format.

3. The system of claim 1, wherein the interface is further configured to receive an indication that the determined external payment service processed the payment for the promised amount;

and

the one or more processors are further configured to update the user risk score with the indication of the payment from the determined external payment service.

4. The system of claim 1, wherein the promise-to-pay information comprises a second promised amount and a second promised date.

5. The system of claim 1, wherein the one or more processors further configured to encrypt the promise-to-pay information.

6. The system of claim 1, wherein the interface is further configured to receive a promise to pay from the user via the user device;

and

the one or more processors are further configured to extract promise-to-pay information from the promise to pay.

7. The system of claim 1, wherein the payment form comprises billing information.

8. A non-transitory computer readable storage medium comprising logic, the logic, when executed by a processor, operable to:

receive promise-to-pay information associated with a loan past due from a user via a user device, the loan past due comprises a due date and a loan amount, and the promise-to-pay information comprises a promised amount, a promised date, and a payment form;

determine a minimum promise-to-pay amount for the user, the minimum promise-to-pay amount calculated using the loan amount of the loan past due, the due date of the loan past due, and a user risk score associated with the user, the user risk score based on a user payment history; and

determine whether the promised amount is greater than the minimum promise-to-pay amount, and in response to the promised amount being greater than the minimum promise-to-pay amount;

determine an external payment service based on the payment form, the external payment service is a payment service that processes a payment for the promised amount;

communicate to the determined external payment service portions of the promise-to-pay information used to process the payment for the promised amount, the portions of the promise-to-pay information communicated to the determined external payment service within a predetermined time period before the promised date; and

communicate an alert to the user, the alert indicating that the portions of the promise-to-pay information have been communicated to the determined external payment service.

9. The logic of claim 8, the logic further operable to:

determine a message format according to the determined external payment service; and

translate the portions of the promise-to-pay information to the message format.

10. The logic of claim 8, the logic further operable to:

receive an indication that the determined external payment service processed the payment for the promised amount; and

update the user risk score with the indication of the payment from the determined external payment service.

11. The logic of claim 8, wherein the promise-to-pay information comprises a second promised amount and a second promised date.

12. The logic of claim 8, the logic further operable to encrypt the promise-to-pay information.

13. The logic of claim 8, the logic further operable to:

receive a promise to pay from the user via the user device; and

extract promise-to-pay information from the promise to pay.

14. The logic of claim 9, wherein the payment form comprises billing information.

15. A method, comprising:

receiving, by an interface, promise-to-pay information associated with a loan past due from a user via a user device, the loan past due comprises a due date and a loan amount, and the promise-to-pay information comprises a promised amount, a promised date, and a payment form;

determining, by a processor, a minimum promise-to-pay amount for the user, the minimum promise-to-pay amount calculated using the loan amount of the loan past due, the due date of the loan past due, and a user risk score associated with the user, the user risk score based on a user payment history; and

determining, by the processor, whether the promised amount is greater than the minimum promise-to-pay amount, and in response to the promised amount being greater than the minimum promise-to-pay amount;

determining, by the processor, an external payment service based on the payment form, the external payment service is a payment service that processes a payment for the promised amount;

communicating, by the interface, to the determined external payment service portions of the promise-to-pay information used to process the payment for the promised amount, the portions of the promise-to-pay information communicated to the determined external payment service within a predetermined time period before the promised date; and

communicating, by the interface, an alert to the user, the alert indicating that the portions of the promise-to-pay information have been communicated to the determined external payment service.

16. The method of claim 15, further comprising:

determining, by the processor, a message format according to the determined external payment service; and

translating, by the processor, the portions of the promise-to-pay information to the message format.

17. The method of claim 15, further comprising:

receiving, by the interface, an indication that the determined external payment service processed the payment for the promised amount; and

updating, by the processor, the user risk score with the indication of the payment from the determined external payment service.

18. The method of claim 15, wherein the promise-to-pay information comprises a second promised amount and a second promised date.

19. The method of claim 16, further comprising encrypting, by the processor, the promise-to-pay information.

20. The method of claim 15, further comprising:

receiving, by the interface, a promise to pay from the user via the user device; and

extracting, by the processor, promise-to-pay information from the promise to pay.