Transfer account systems, computer program products, and associated computer-implemented methods
First Claim
1. A system for providing prioritized payments from proceeds of automatic deposits, the system comprising:
- a computer associated with a financial institution defining a financial institution computer, the financial institution computer having a non-transitory memory, the financial institution computer being associated with an electronic communications network, and positioned to receive, process, and send an automated clearing house (ACH) file; and
computer program product associated with the financial institution computer, stored in the non-transitory computer memory, and used to perform a process of associating a prepaid card account with an automatic deposit and a process of providing prioritized payments from the automatic deposit, the computer program product comprising a set of instructions that, when executed by the financial institution computer, cause the financial institution computer to perform the operations of;
maintaining one or more lists of prepaid card account identifiers for a plurality of prepaid user card accounts enrolled in a prioritized payment program at the financial institution, the prioritized payment program allowing the prepaid card user to pre-authorize payment requests by one or more select creditors,matching, responsive to receipt through an ACH electronic data communication network of an incoming ACH file including at least one account identifier, the at least one account identifier in the incoming ACH file with an account identifier in the one or more lists of account identifiers for prepaid card accounts enrolled in the prioritized payment program, the at least one account identifier being associated with the automatic deposit, the automatic deposit destined for the prepaid card account,determining, responsive to matching the at least one account identifier in the incoming ACH file, whether the prepaid card account is associated with one or more pre-authorized payment requests by one or more select creditors to thereby define one or more prioritized payments, andappending to the incoming ACH file the one or more prioritized payments to one or more select creditors to thereby create an outgoing ACH file so that the one or more prioritized payments is adapted to be deducted from the automatic deposit and credited to the one or more select creditors, and a balance of the automatic deposit is adapted to be credited to the prepaid card account.
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Accused Products
Abstract
Embodiments of the present invention include transfer account systems, computer program products, and associated computer-implemented methods of providing prioritized payments from the proceeds of automatic or direct deposits. Embodiments of the present invention include routing automatic deposit information to a financial institution computer managing a prioritized payment program and formulating an outgoing ACH file with both an entry for an automatic deposit destined for a customer account and an entry for a pre-authorized prioritized payment to a select creditor, so that the automatic deposit is credited to the customer account and relatively instantaneously any prioritized payment is debited from the customer account. According to embodiments of the present invention, the customer account can be a prepaid card account so that a customer has effective access on the prepaid card only to a net value of funds.
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Citations
20 Claims
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1. A system for providing prioritized payments from proceeds of automatic deposits, the system comprising:
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a computer associated with a financial institution defining a financial institution computer, the financial institution computer having a non-transitory memory, the financial institution computer being associated with an electronic communications network, and positioned to receive, process, and send an automated clearing house (ACH) file; and computer program product associated with the financial institution computer, stored in the non-transitory computer memory, and used to perform a process of associating a prepaid card account with an automatic deposit and a process of providing prioritized payments from the automatic deposit, the computer program product comprising a set of instructions that, when executed by the financial institution computer, cause the financial institution computer to perform the operations of; maintaining one or more lists of prepaid card account identifiers for a plurality of prepaid user card accounts enrolled in a prioritized payment program at the financial institution, the prioritized payment program allowing the prepaid card user to pre-authorize payment requests by one or more select creditors, matching, responsive to receipt through an ACH electronic data communication network of an incoming ACH file including at least one account identifier, the at least one account identifier in the incoming ACH file with an account identifier in the one or more lists of account identifiers for prepaid card accounts enrolled in the prioritized payment program, the at least one account identifier being associated with the automatic deposit, the automatic deposit destined for the prepaid card account, determining, responsive to matching the at least one account identifier in the incoming ACH file, whether the prepaid card account is associated with one or more pre-authorized payment requests by one or more select creditors to thereby define one or more prioritized payments, and appending to the incoming ACH file the one or more prioritized payments to one or more select creditors to thereby create an outgoing ACH file so that the one or more prioritized payments is adapted to be deducted from the automatic deposit and credited to the one or more select creditors, and a balance of the automatic deposit is adapted to be credited to the prepaid card account. - View Dependent Claims (2, 3, 4)
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5. Computer program product stored on a non-transitory computer memory operable on a financial institution computer, the computer program product comprising a set of instructions that, when executed by the financial institution computer, cause the financial institution computer to perform a process of associating a prepaid card account with an automatic deposit and a process of providing prioritized payments from the automatic deposit, the computer program product performing the operations of:
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maintaining one or more lists of prepaid card account identifiers for a plurality of prepaid user card accounts enrolled in a prioritized payment program at a financial institution, the prioritized payment program allowing a prepaid card user to pre-authorize payment requests by one or more select creditors; matching, responsive to receipt through an ACH electronic data communication network of an incoming ACH file including at least one account identifier, the at least one account identifier in the incoming ACH file with an account identifier in the one or more lists of account identifiers for prepaid card accounts enrolled in the prioritized payment program, the at least one account identifier being associated with the automatic deposit, the automatic deposit destined for the prepaid card account; determining, responsive to matching the at least one account identifier in the incoming ACH file, whether the prepaid card account is associated with one or more pre-authorized payment requests by one or more select creditors to thereby define one or more prioritized payments; and appending to the incoming ACH file the one or more prioritized payments to one or more select creditors to thereby create an outgoing ACH file so that the one or more prioritized payments is adapted to be deducted from the automatic deposit and credited to the one or more select creditors, and a balance of the automatic deposit is adapted to be credited to the prepaid card account. - View Dependent Claims (6, 7, 8, 9, 10, 11, 12)
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13. A computer-implemented method for performing a process of associating a prepaid card user account with an automatic deposit and a process of providing prioritized payments from the automatic deposit, the computer-implemented method comprising the steps of
maintaining, by a financial institution computer, one or more lists of prepaid card account identifiers for a plurality of prepaid card accounts enrolled in a prioritized payment program at a financial institution, the prioritized payment program allowing a prepaid card user to pre-authorize payment requests by one or more select creditors; -
matching, responsive to receipt through an ACH electronic data communication network of an incoming ACH file including at least one account identifier, the at least one account identifier in the incoming ACH file with an account identifier in the one or more lists of account identifiers for prepaid card accounts enrolled in the prioritized payment program, the at least one account identifier being associated with the automatic deposit, the automatic deposit destined for the prepaid card account; determining, responsive to matching the at least one account identifier in the incoming ACH file, whether the prepaid card account is associated with one or more pre-authorized payment requests by one or more select creditors to thereby define one or more prioritized payments, and appending to the incoming ACH file the one or more prioritized payments to one or more select creditors to thereby create an outgoing ACH file so that the one or more prioritized payments is adapted to be deducted from the automatic deposit and credited to the one or more select creditors, and a balance of the automatic deposit is adapted to be credited to the prepaid card account. - View Dependent Claims (14, 15, 16, 17, 18, 19, 20)
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Specification