Electronic bill payment system with account-number scheming

• US 6,327,577 B1
• Filed: 12/19/1997
• Issued: 12/04/2001
• Est. Priority Date: 12/19/1997
• Status: Expired due to Term

• Current Assignee: Checkfree Corporation (Fiserv Incorporated)
• Original Assignee: Checkfree Services Corporation (Fiserv Incorporated)
• Inventors: Lawson, Mary Elizabeth, Perkins, Brad, Garrison, David Lee, Kight, Patricia A., Kerin, Amy Lynn, Ward, Cheryl Lynn
• Primary Examiner(s): Millin, V.
• Assistant Examiner(s): PATEL, JAGDISH
• Application Number:
  US08/994,046
• Time in Patent Office: 1,446 Days
• Field of Search: 705/40, 705/35, 705/37, 705/38, 705/39
• US Class Current: 705/40
• 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 30/04 Billing or invoicing
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

A remittance payment method and system which receives a payor'"'"'s account number with a payee, transforming it into an altered account number according to alteration rules previously stored in a merchant'"'"'s database.

Claims

1. A computer-based method of altering an account number associated with payment remittance, comprising:

receiving an account number for a payor;

storing alteration rules corresponding to a payee account number format; and

transforming the received account number into an altered account number according to the alteration rules;

wherein the altered account number includes one of a portion of the payor'"'"'s name, a portion of the payor'"'"'s address, and a portion of the payor'"'"'s zip code.

2. The method of claim 1, wherein:

the altered account number includes the portion of the payor'"'"'s name.

3. The method of claim 1, wherein:

the altered account number includes the portion of the payor'"'"'s address.

4. The method of claim 1, wherein:

the altered account number includes the portion of the payor'"'"'s zip code.

5. A system for altering an account number associated with payment remittance, comprising:

a storage device configured to store validation rules corresponding to values for fields of payee account numbers and alteration rules corresponding to a payee account number format; and

a processor configured to;

receive payment information, including a payor account number, from a payor,

verify that the number conforms to the stored validation rules;

alter the account number according to the stored alteration rules, and

generate a signal including the altered account number to a payee in association with a payment to the payee;

wherein the altered account number includes one of a portion of the payor'"'"'s name, a portion of the payor'"'"'s address, and a portion of the payor'"'"'s zip code.

6. The system of claim 5, wherein:

the altered account number includes the portion of the payor'"'"'s name.

7. The system of claim 5, wherein:

the altered account number includes the portion of the payor'"'"'s address.

8. The system of claim 5, wherein:

the altered account number includes the portion of the payor'"'"'s zip code.

9. An article of manufacture for processing payment information, comprising:

computer readable storage medium; and

a computer program stored on the storage medium, wherein the stored computer program is configured to be readable from the computer readable storage medium by a computer and thereby cause the computer to operate so as to;

receive payment information including an account number for a payor;

verify the account number based upon validation rules for account numbers associated with one of a plurality of payees;

transform the account number into an altered account number based upon alteration rules of the one payee; and

transmit the altered account number to the payee;

wherein the altered account number includes one of a portion of the payor'"'"'s name, a portion of the payor'"'"'s address, and a portion of the payor'"'"'s zip code.

10. The article of manufacture of claim 9, wherein:

the altered account number includes the portion of the payor'"'"'s name.

11. The article of manufacture of claim 9, wherein:

the altered account number includes the portion of the payor'"'"'s address.

12. The article of manufacture of claim 9, wherein:

the altered account number includes the portion of the payor'"'"'s zip code.

13. A system for processing payment information, comprising:

a communications network;

a first station coupled to the network and configured to transmit payment information, including name, address data, and a payor'"'"'s account number with one of a plurality of payees via the network;

a second station, coupled to the network and configured to receive the payment information from the first station via the network, transform the account number into an altered account number according to a format required by the one payee, and transmit the altered account number to the payee via the network;

wherein the altered account number includes one of a portion of the payor'"'"'s name, a portion of the payor'"'"'s address, and a portion of the payor'"'"'s zip code.

14. The system of claim 13, wherein:

the altered account number includes the portion of the payor'"'"'s name.

15. The system of claim 13, wherein:

the altered account number includes the portion of the payor'"'"'s address.

16. The system of claim 13, wherein:

the altered account number includes the portion of the payor'"'"'s zip code.