Integrated electronic bill presentment and risk based payment
First Claim
1. A computer implemented method for billing and payment, comprising:
- transmitting, to a first of a plurality of payors, bill information representing a first of a plurality of bills from a first of a plurality of billers to the plurality of payors, wherein the first bill is associated with the first payor;
receiving a payment instruction from the first payor to pay the first bill based on the transmitted bill information;
determining, by a service provider, a credit risk associated with payment of the first bill on behalf of the first payor from an account associated with the service provider;
selecting, by the service provider, an account to debit from the group consisting of (i) an account associated with the first payor and (ii) the account associated with the service provider based upon the determined credit risk, wherein the selection of the account is made independently of the first payor and the first biller; and
initiating, by a service provider, a payment of the first bill to the first biller based on the received payment instruction and the selected account.
2 Assignments
0 Petitions
Accused Products
Abstract
To electronically present and pay bills, bill information representing a plurality of bills of a plurality of billers for a plurality of payors is transmitted to the plurality of payors. The transmitted bill information includes first information representing a first of the plurality of bills of a first of the plurality of billers for a first of the plurality of payors. A payment instruction from the first payor to pay the first bill, based on the transmitted first information, is received. A risk associated with payment of the first bill is determined and a debit type is selected based upon the determined risk. A payment of the first bill to the first biller is initiated based on the received payment instruction and to the selected debit type.
249 Citations
21 Claims
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1. A computer implemented method for billing and payment, comprising:
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transmitting, to a first of a plurality of payors, bill information representing a first of a plurality of bills from a first of a plurality of billers to the plurality of payors, wherein the first bill is associated with the first payor; receiving a payment instruction from the first payor to pay the first bill based on the transmitted bill information; determining, by a service provider, a credit risk associated with payment of the first bill on behalf of the first payor from an account associated with the service provider; selecting, by the service provider, an account to debit from the group consisting of (i) an account associated with the first payor and (ii) the account associated with the service provider based upon the determined credit risk, wherein the selection of the account is made independently of the first payor and the first biller; and initiating, by a service provider, a payment of the first bill to the first biller based on the received payment instruction and the selected account. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. An integrated billing and payment system, comprising:
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a memory configured to store bill information representing a first of a plurality of bills from a first of a plurality of billers to a first of a plurality of payors, wherein the first bill is associated with the first payor; and a processor configured to direct transmission of the stored bill information to the first payor, to receive a payment instruction from the first payor to pay the first bill based on the transmitted first information, to determine a credit risk associated with payment of the first bill on behalf of the first payor from an account of a service provider, to select an account to debit from the group consisting of (i) an account associated with the first payor and (ii) the account associated with the service provider based upon the determined credit risk, and to initiate a payment of the first bill to the first biller based on the received payment instruction and the selected account, wherein the selection of the account is made independently of the first payor and the first biller. - View Dependent Claims (11, 12, 13, 14, 15, 16, 17, 18, 19, 20)
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21. An integrated billing and payment network, comprising:
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a communications network; a first station, associated with a service provider, configured to transmit to a first of a plurality of payors via the communications network, bill information representing a first of a plurality of bills of a first of a plurality of billers for the plurality of payors, wherein the first bill is associated with the first payor; and a second station, associated with the first payor, configured to receive the transmitted bill information via the communications network, to present the first bill to the first payor based on the received bill information, and to transmit, via the communications network, a first payment instruction to pay the presented first bill; wherein the first station is further configured to receive the first payment instruction via the communications network, to determine a credit risk associated with payment of the first bill from an account of a service provider, to select an account to debit from the group consisting of (i) an account associated with the first a or and (ii) the account associated with the service provided based on the determined credit risk, and to initiate payment of the first bill to the first biller based on the received payment instruction and the selected account, wherein the selection of the account is made independently of the first payor and the first biller.
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Specification