Payment identification code and payment system using the same
First Claim
1. A method comprising the steps of:
- receiving by a payment system a payment instruction including a payment system routing number and a unique code associated with a payee; and
employing the payment system routing number to determine whether the payment system routing number includes routing information for a specific financial institution of the payment system,if the payment system routing number is determined to include routing information for a specific financial institution of the payment system, then transmitting the payment instruction based on the payment system routing number, wherein the transmitted payment instruction includes the unique code associated with the payee; and
if the payment system routing number is determined to not include routing information for a specific financial institution of the payment system;
then;
retrieving account identification information of the payee and a first system routing number based on the unique code,replacing the unique code included in the payment instruction with the retrieved account identification information of the payee and replacing the payment system routing number with the retrieved first system routing number, andtransmitting the payment instruction with the account identification information of the payee to at least one of the payee and a financial institution associated with the payee;
wherein at least one of the steps above is performed by at least one computer processor.
5 Assignments
0 Petitions
Accused Products
Abstract
A method comprises receiving a payment instruction including a payment system routing number and a unique code associated with a payee, and employing the routing number to determine whether it includes routing information for a specific financial institution. If so, then the payment instruction is transmitted based on the routing number. The transmitted payment instruction includes the unique code associated with the payee. If the routing number is determined to not include routing information for a specific financial institution, then account identification information of the payee and a first system routing number are retrieved based on the unique code, and the unique code included in the payment instruction is replaced with the retrieved account identification information, and the routing number is replaced with the retrieved first system routing number. The payment instruction with the account identification information is transmitted to the payee and/or a financial institution associated with the payee.
582 Citations
43 Claims
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1. A method comprising the steps of:
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receiving by a payment system a payment instruction including a payment system routing number and a unique code associated with a payee; and employing the payment system routing number to determine whether the payment system routing number includes routing information for a specific financial institution of the payment system, if the payment system routing number is determined to include routing information for a specific financial institution of the payment system, then transmitting the payment instruction based on the payment system routing number, wherein the transmitted payment instruction includes the unique code associated with the payee; and if the payment system routing number is determined to not include routing information for a specific financial institution of the payment system;
then;retrieving account identification information of the payee and a first system routing number based on the unique code, replacing the unique code included in the payment instruction with the retrieved account identification information of the payee and replacing the payment system routing number with the retrieved first system routing number, and transmitting the payment instruction with the account identification information of the payee to at least one of the payee and a financial institution associated with the payee; wherein at least one of the steps above is performed by at least one computer processor. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16)
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17. A system comprising:
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a receiver unit that receives on behalf of a payment system a payment instruction including a payment system routing number and a unique code associated with a payee; an employing unit that employs the payment system routing number to determine whether the payment system routing number includes routing information for a specific financial institution of the payment system; and a transmitting unit operable to (a) transmit the payment instruction based on the payment system routing number if the payment system routing number is determined to include routing information for a specific financial institution of the payment system, wherein the transmitted payment instruction includes the unique code associated with the payee, and (b) if the payment system routing number is determined to not include routing information for a specific financial institution of the payment system, retrieve account identification information of the payee and a first system routing number based on the unique code, replace the unique code included in the payment instruction with the retrieved account identification information of the payee and replace the payment system routing number with the retrieved first system routing number, and transmit the payment instruction with the account identification information of the payee to at least one of the payee and a financial institution associated with the payee; wherein at least one of the units above is included in at least one computer.
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18. A method comprising the steps of:
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receiving by a payment system a payment instruction including a payment system routing number and a unique code associated with a payee; detecting that the payment system routing number does not include routing information for a specific financial institution of the payment system; retrieving account identification information of the payee, a first system routing number, and a second system routing number based on the unique code, wherein the first system routing number is associated with a first financial institution that is a participant of the payment system, and wherein the second system routing number is associated with a second financial institution that is not a participant of the payment system and wherein the second financial institution manages an account identified by the account information of the payee; replacing the unique code included in the payment instruction with the account identification information of the payee and replacing the payment system routing number with the second system routing number; and transmitting the payment instruction with the account identification information of the payee and the second system routing number to the first financial institution based on the first system routing number; wherein at least one of the steps above is performed by at least one computer processor.
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19. A computer readable medium having stored thereon sequences of instructions, the sequences of instructions including instructions which, when executed by a computer system, cause the computer system to perform a method comprising:
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receiving by a payment system a payment instruction including a payment system routing number and a unique code associated with a payee; and employing the payment system routing number to determine whether the payment system routing number includes routing information for a specific financial institution of the payment system, if the payment system routing number is determined to include routing information for a specific financial institution of the payment system, then transmitting the payment instruction based on the payment system routing number, wherein the transmitted payment instruction includes the unique code associated with the payee; and if the payment system routing number is determined to not include routing information for a specific financial institution of the payment system, then; retrieving account identification information of the payee and a first system routing number based on the unique code, replacing the unique code included in the payment instruction with the retrieved account identification information of the payee and replacing the payment system routing number with the retrieved first system routing number, and transmitting the payment instruction with the account identification information of the payee to at least one of the payee and a financial institution associated with the payee. - View Dependent Claims (29, 30)
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20. A computer readable medium having stored thereon sequences of instructions, the sequences of instructions including instructions which, when executed by a computer system, cause the computer system to perform a method comprising:
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receiving by a payment system a payment instruction including a payment system routing number and a unique code associated with a payee; detecting that the payment system routing number does not include routing information for a specific financial institution of the payment system; retrieving account identification information of the payee, a first system routing number, and a second system routing number based on the unique code, wherein the first system routing number is associated with a first financial institution that is a participant of the payment system, and wherein the second system routing number is associated with a second financial institution that is not a participant of the payment system and wherein the second financial institution manages an account identified by the account information of the payee; replacing the unique code included in the payment instruction with the account identification information of the payee and replacing the payment system routing number with the second system routing number; and transmitting the payment instruction with the account identification information of the payee and the second system routing number to the first financial institution based on the first system routing number.
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21. A system comprising:
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a receiver unit that receives a payment instruction including a payment system routing number and a unique code associated with a payee; a detecting unit that detects that the payment system routing number does not include routing information for a specific financial institution of a payment system; a retriever unit that retrieves account identification information of the payee, a first system routing number, and a second system routing number based on the unique code, wherein the first system routing number is associated with a first financial institution that is a participant of the payment system, and wherein the second system routing number is associated with a second financial institution that is not a participant of the payment system and wherein the second financial institution manages an account identified by the account information of the payee; a replacer unit that replaces the unique code included in the payment instruction with the account identification information of the payee and replaces the payment system routing number with the second system routing number; and a transmitter unit that transmits the payment instruction with the account identification information of the payee and the second system routing number to the first financial institution based on the first system routing number; wherein at least one of the units above is included in at least one computer.
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22. An apparatus comprising:
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at least one memory storing a computer program; and at least one computer processor coupled to the at least one memory, and operating under control of the computer program stored in the at least one memory, to; in response to receiving by a payment system a payment instruction including a payment system routing number and a unique code associated with a payee, employ the payment system routing number to determine whether the payment system routing number includes routing information for a specific financial institution of the payment system, if the payment system routing number is determined to include routing information for a specific financial institution of the payment system, transmit the payment instruction based on the payment system routing number, wherein the transmitted payment instruction includes the unique code associated with the payee, and if the payment system routing number is determined to not include routing information for a specific financial institution of the payment system, then; retrieve account identification information of the payee and a first system routing number based on the unique code, replace the unique code included in the payment instruction with the retrieved account identification information of the payee and replace the payment system routing number with the retrieved first system routing number, and transmit the payment instruction with the account identification information of the payee to at least one of the payee and a financial institution associated with the payee. - View Dependent Claims (23, 24, 25, 26, 27, 28, 31, 37)
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32. An apparatus comprising:
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at least one memory storing a computer program; and at least one computer processor coupled to the at least one memory, and operating under control of the computer program stored in the at least one memory, to; in response to receiving a payment instruction including a payment system routing number and a unique code associated with a payee, detect that the payment system routing number does not include routing information for a specific financial institution of a payment system, retrieve account identification information of the payee, a first system routing number, and a second system routing number based on the unique code, wherein the first system routing number is associated with a first financial institution that is a participant of the payment system, and wherein the second system routing number is associated with a second financial institution that is not a participant of the payment system and wherein the second financial institution manages an account identified by the account information of the payee; replace the unique code included in the payment instruction with the account identification information of the payee and replace the payment system routing number with the second system routing number, and transmit the payment instruction with the account identification information of the payee and the second system routing number towards the first financial institution based on the first system routing number. - View Dependent Claims (33, 34, 35, 36, 38, 39, 40, 41, 42, 43)
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Specification