Method and system for bill presentation and payment reconciliation

• US 5,832,460 A
• Filed: 06/02/1995
• Issued: 11/03/1998
• Est. Priority Date: 06/02/1995
• Status: Expired due to Term

• Current Assignee: PayPal, Inc. (PayPal Holdings, Inc.)
• Original Assignee: International Business Machines Corporation
• Inventors: Kuklentz, Richard J., Uhrich, William A., Hendrix, Robert F. Jr., Donahue, James W., Carr, Thomas E., Bednar, Gregory M.
• Primary Examiner(s): Loomis, Paul
• Assistant Examiner(s): TIEU, BINH KIEN
• Application Number:
  US08/458,931
• Time in Patent Office: 1,250 Days
• Field of Search: 364/401 R, 364/402, 364/406, 364/408, 235/379, 235/380, 235/381, 705/40, 705/42, 705/44, 705/39, 705/45, 705/27, 395/226, 395/227, 395/239, 395/240, 395/242, 395/244, 380/24, 380/30
• US Class Current: 705/27.2
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/102 Bill distribution or payments
• CPC Class Codes: G06Q 20/14 specially adapted for billing systems
• CPC Class Codes: G06Q 30/04 Billing or invoicing
• CPC Class Codes: G06Q 30/0643 Graphical representation of items or shoppers
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G07F 7/00 Mechanisms actuated by objects other than coins to free or to actuate vending, hiring, coin or paper currency dispensing or refunding apparatus

Abstract

A system and method for electronically creating, presenting, paying and reconciling bills includes an electronic bill presenter in electronic communication with bill originators, bill payers and respective banks. The electronic bill presenter receives bill data from bill originators, creates bills in a graphical format for electronic presentation to bill payers, and transmits bill payment instructions received from bill payers to bill payers'"'"' banks for transfer of payments to bill originators'"'"' banks. The electronic bill presenter also sends a confirmatory reconciliation message to the bill originator for payment instructions received from bill payers.

Claims

1. A method of electronically providing bill payment services for presenting bills to the customer for payment by a bank having customer'"'"'s funds, the steps of the method comprising:

receiving a plurality of bills for multiple customers from at least one bill originator;

sorting the bills by customer;

presenting electronically bills addressed to a customer to that customer in response to the customer'"'"'s use of the payment service;

receiving electronically a payment instruction from a customer who is paying a bill;

initiating an order to the customer'"'"'s bank to pay the bill; and

providing a record of the customer'"'"'s payment of the bill.

2. A method of providing bill payment services including the steps of claim 1 wherein the step of presenting bills to the customer includes a computer program for assembling variable information of a bill with a general bill template.

3. A method of providing bill payment services including the steps of claim 2 wherein the step of assembling of the variable information includes retrieving template information which is stored locally within the customer'"'"'s system.

4. A method of providing bill payment services including the steps of claim 1 wherein the step of presenting includes a graphical user interface showing the bills addressed to the customer.

5. A method of providing bill payment services including the steps of claim 1 wherein the step of providing a record of payment includes the step of providing the bill originator an electronic message including the details of the bill presented.

6. A method of electronic presentment and payment of bills originated by a bill originator and presented to bill payers, the method comprising the steps of:

creating bills in electronic form for transmission as electronic messages from a bill originator to an electronic bill presenter,

transmitting bills in electronic form from a bill originator to an electronic bill presenter,

sorting bills received by the electronic bill presenter according to bill payers identified in the electronic messages,

presenting bills to bill payers connected to the electronic bill presenter in the form of electronic messages by transmitting electronic messages from the electronic bill presenter to identified bill payers,

receiving payment instructions at the electronic bill presenter from bill payers instructing payment of electronic bills received from the electronic bill presenter,

transmitting a payment order from the electronic bill presenter to a bill payer'"'"'s bank, the payment order consistent with payment instructions received from a bill payer to transfer payment of an electronically presented bill from the bill payer'"'"'s bank directly to a bill originator'"'"'s bank, and

notifying the bill originator by electronic message from the electronic bill presenter of transmission of a payment order from the electronic bill presenter to a bill payer'"'"'s bank to transfer a payment directly to a bill originator'"'"'s bank in payment of an electronically presented bill.

7. The method of claim 6 further comprising the step of transferring a payment from the bill payer'"'"'s bank to the bill originator'"'"'s bank in accordance with payment instructions received by the electronic bill presenter from a bill payer and transmitted from the electronic bill presenter to a bill payer'"'"'s bank.

8. The method of claim 7 further comprising the step of sending a message from the bill originator'"'"'s bank to the bill originator confirming receipt of a payment from a bill payer'"'"'s bank as payment of an electronically presented bill.

9. The method of claim 6 wherein multiple bill originators are electronically connected to the electronic bill presenter for transmission of bills as electronic messages, and multiple hills from multiple bill originators are collectively presented by the electronic bill presenter to a bill payer.

10. The method of claim 6 further comprising the step of reconciling payment instructions processed by the electronic bill presenter with notification of payments received by a bill originator'"'"'s bank.

11. The method of claim 6 further comprising the step of creating electronic bills by combining bill data received from a bill originator with a bill template adapted to contain and present data of bills to individual bill payers.

12. The method of claim 11 further comprising the step of combining data of multiple bills for an individual bill payer with a single bill template.

13. The method of claim 11 further comprising the step of generating graphical representations of bill data combined with a bill template for presentation to a bill payer.

14. The method of claim 11 further comprising the step of generating a bill payment data entry format in a graphical form of a check for presentation to a bill payer for entry and transmission of bill payment data.

15. The method of claim 11 further comprising the step of generating graphical control functions for display with said template and bill data whereby a bill payer controls electronic bill presentation, payment and records by selection of said graphics control functions.

16. The method of claim 11 further comprising the step of generating graphical representations of records of bills presented or paid via the electronic bill presenter.

17. The method of claim 12 wherein a bill originator performs the steps of creating a bill template adapted to contain and present electronic bills to bill payers, and transmits the bill template to the electronic bill payer for storage in a bill template database.

18. The method of claim 6 further comprising the step of initiating transmission of electronic messages from the electronic bill presenter to a bill payer upon receipt of a request from a bill payer via a connection with the electronic bill presenter for electronic presentation of a bill.

19. A system for electronic presentation, payment and reconciliation of bills, the system comprising:

an electronic bill presenter in electronic communication with at least one bill originator and a plurality of bill payers,

the electronic bill, presenter operative to receive bill data from a bill originator in the form of an electronic message,

the electronic bill presenter further operative to create electronic bills for graphical presentation to bill payers by combining bill data with a graphical bill template,

the electronic bill presenter further operative to transmit to bill payers identified by said bill data graphical representations of electronic bills from bill originators,

the electronic bill presenter further operative to receive bill payment instructions from a bill payer to authorize a bill payer'"'"'s bank to transfer a payment to a bill originator'"'"'s bank in payment of an electronic bill,

the electronic bill presenter further operative to transmit a message to a bill originator notifying the bill originator of receipt of payment authorization from a bill payer to which a bill originator'"'"'s bill was presented by the electronic bill presenter.

20. The system of claim 19 wherein said electronic bill presenter further comprises a data base for receiving and storing bill data from bill originators.

21. The system of claim 19 wherein said electronic bill presenter further comprises a template data base for receiving and storing bill templates combinable with bill data to create graphical presentations of bills.

22. The system of claim 19 wherein the electronic bill presenter further comprises a program for generating graphical representations of bill templates and combining bill data retrieved from a bill data base with a bill template to create a graphical representation of an electronic bill, and transmitting a graphical representation of an electronic bill to a display device of a bill payer.