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Method and apparatus for payment processing using debit-based electronic funds transfer and disbursement processing using addendum-based electronic data interchange

  • US 8,392,326 B2
  • Filed: 07/22/2010
  • Issued: 03/05/2013
  • Est. Priority Date: 09/30/1997
  • Status: Expired due to Fees
First Claim
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1. A computer-implemented method of processing payment information through a bank or an automated clearing house to a governmental state entity of the United States by an accumulator agency, wherein the accumulator agency, the bank or automated clearing house, and the governmental state entity are separate entities, comprising the steps, performed by a processor, of:

  • receiving instructions at the accumulator agency, using a computer processor, from the governmental state entity regarding the processing of payment information;

    receiving payment information at the accumulator agency, using a computer processor, the payment information including at least a debit transaction; and

    processing the debit transaction from the payment information by the accumulator agency, using a computer processor, to a payment recipient according to the received instructions.

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