On-line payments facility
First Claim
1. A computer system for processing employee direct payroll deposits, comprising:
- a computer-readable storage medium having instructions stored therein;
one or more processors executing the instructions stored in the computer-readable medium to implementa counterparty management module to permit an employer to add employee bank accounts to a funds transfer system provided by a banking institution, the employee bank accounts being respectively associated with different employees of the employer, the employer having a bank account at the banking institution, the counterparty management module being accessible to the employer by way of an online banking area of a website of the banking institution, including toprovide screens to the employer by way of the Internet,permit the employer to specify, by providing responses to prompts contained in the screens, a payroll-related pay group that includes the employee bank accounts and to specify characteristics of the transferring of funds to the pay group as a whole,permit the employer to specify, by providing responses to the prompts contained in the screens, bank account numbers for each of the employee bank accounts;
a payment module to generate payment instructions for transferring funds from the employer bank account to the employee bank accounts.
1 Assignment
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Accused Products
Abstract
A computer system implements a counterparty management module and a payment module for processing employee direct payroll deposits. The counterparty management module permits an employer to add employee bank accounts to a funds transfer system provided by a banking institution. The employee bank accounts are respectively associated with different employees of the employer. The employer has a bank account at the banking institution. The counterparty management module is accessible to the employer by way of an online banking area of a website of the banking institution. The counterparty management module also permits the employer to specify a payroll-related pay group that includes the employee bank accounts and to specify characteristics of the transferring of funds to the pay group as a whole. The payment module generates payment instructions for transferring funds from the employer bank account to the employee bank accounts.
30 Citations
14 Claims
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1. A computer system for processing employee direct payroll deposits, comprising:
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a computer-readable storage medium having instructions stored therein; one or more processors executing the instructions stored in the computer-readable medium to implement a counterparty management module to permit an employer to add employee bank accounts to a funds transfer system provided by a banking institution, the employee bank accounts being respectively associated with different employees of the employer, the employer having a bank account at the banking institution, the counterparty management module being accessible to the employer by way of an online banking area of a website of the banking institution, including to provide screens to the employer by way of the Internet, permit the employer to specify, by providing responses to prompts contained in the screens, a payroll-related pay group that includes the employee bank accounts and to specify characteristics of the transferring of funds to the pay group as a whole, permit the employer to specify, by providing responses to the prompts contained in the screens, bank account numbers for each of the employee bank accounts; a payment module to generate payment instructions for transferring funds from the employer bank account to the employee bank accounts. - View Dependent Claims (2, 3, 4, 5)
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6. A computer system for processing employee direct payroll deposits, comprising:
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a computer-readable storage medium having instructions stored therein; one or more processors executing the instructions stored in the computer-readable medium to implement a counterparty management module to permit an employer to add employee bank accounts to a funds transfer system provided by a banking institution, the employee bank accounts being respectively associated with different employees of the employer, the employer having a bank account at the banking institution, the counterparty management module being accessible to the employer by way of an online banking area of a website of the banking institution, including to provide screens to the employer by way of the Internet, permit the employer to specify, by providing responses to prompts contained in the screens, a payroll-related pay group that includes the employee bank accounts and to specify characteristics of the transferring of funds to the pay group as a whole, including a time by which the funds are to be transferred, permit the employer to specify, by providing responses to the prompts contained in the screens, bank account numbers for each of the employee bank accounts; a payment module to determine an electronic system to transfer funds to the employee bank accounts based on the received characteristics; determine instructions for transferring funds over the determined electronic system for transferring funds from the employer bank account to each of the employee bank accounts; and provide the determined instructions to the determined electronic system. - View Dependent Claims (7, 8, 9, 10, 11, 12, 13, 14)
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Specification