Propagating data to facilitate electronic payments to payees
First Claim
1. A method, comprising:
- storing, in first information within an electronic payee database comprising payees eligible to receive electronic payments, an identity of a payee and bank deposit account information of the payee, wherein the identity of the payee and the bank deposit account information is received from the payee;
determining that second information associated with a payor specifies the payee identified in the first information within the electronic payee database; and
storing, in association with the payee in the second information, an indication that the payee is eligible to receive electronic payments subsequent to determining that the second information associated with the payor specifies the payee identified in the first information within the electronic payee database,wherein the prior steps are performed by one or more computers associated with a payment service provider.
1 Assignment
0 Petitions
Accused Products
Abstract
Payments on behalf of a plurality of payors to a plurality of payees are facilitated using respective first data associated with each payor and respective second data associated with each of those payees payable by crediting via electronic funds transfer (EFT), such as by ACH transfer. The respective first data associated with each payor includes payee identity information for each payee designated by that payor, and could for example take the form of a payee list for that payor. The respective second data associated with each payee payable by crediting via EFT includes payment information identifying a deposit account of that payee. Information identifying a first of the payees and a deposit account of the first payee is received by a payment service provider. The first payee is not currently one of those payees associated with respective second data, when this information is received. The payment service provider stores a payee identifier for the first payee in association with payment information corresponding to the received information identifying the first payee deposit account as respective second data associated with the first payee. After receipt of the information identifying the first payee and the first payee deposit account, the payment service provider determines that the respective first data associated with a first payor includes payee identity information for the first payee and, based on this determination, stores an indicator indicating that the first payee is payable by crediting via EFT, in association with the payee identity information for the first payee in the respective first data associated with the first payor.
-
Citations
24 Claims
-
1. A method, comprising:
-
storing, in first information within an electronic payee database comprising payees eligible to receive electronic payments, an identity of a payee and bank deposit account information of the payee, wherein the identity of the payee and the bank deposit account information is received from the payee; determining that second information associated with a payor specifies the payee identified in the first information within the electronic payee database; and storing, in association with the payee in the second information, an indication that the payee is eligible to receive electronic payments subsequent to determining that the second information associated with the payor specifies the payee identified in the first information within the electronic payee database, wherein the prior steps are performed by one or more computers associated with a payment service provider. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
-
-
13. A system, comprising:
-
a memory for storing computer-executable instructions; and a processor for accessing the memory and configured to execute the computer-executable instructions to; store, in first information within an electronic payee database comprising payees eligible to receive electronic payments, an identity of a payee and bank deposit account information of the payee, wherein the identity of the payee and the bank deposit account information is received from the payee, determine that second information associated with a payor specifies the payee identified in the first information within the electronic payee database, and store, in association with the payee in the second information, an indication that the payee is eligible to receive electronic payments subsequent to determining that the second information associated with the payor specifies the payee identified in the first information of the electronic payee database. - View Dependent Claims (14, 15, 16, 17, 18, 19, 20, 21, 22, 23)
-
-
24. A system, comprising:
-
means for storing, in first information within an electronic payee database comprising payees eligible to receive electronic payments, an identity of a payee and bank deposit account information of the payee, wherein the identity of the payee and the bank deposit account information is received from the payee; means for determining that second information associated with a payor specifies the payee identified in the first information within the electronic payee database; and means for storing, in association with the payee in the second information, an indication that the payee is eligible to receive electronic payments subsequent to determining that the second information associated with the payor specifies the payee identified in the first information of the electronic payee database.
-
Specification