Method and apparatus for payment processing using debit-based electronic funds transfer and disbursement processing using addendum-based electronic data interchange
First Claim
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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Accused Products
Abstract
This disclosure describes a payment and disbursement system, wherein an initiator authorizes a payment and disbursement to a collector and the collector processes the payment and disbursement through an accumulator agency. The accumulator agency processes the payment as a debit-based transaction and processes the disbursement as an addendum-based transaction. The processing of a debit-based transaction generally occurs by electronic funds transfer (EFT) or by financial electronic data interchange (FEDI). The processing of an addendum-based transaction generally occurs by electronic data interchange (EDI).
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Citations
21 Claims
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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:
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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. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. A system 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:
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a receiving instructions hardware component configured to receive instructions regarding the processing of payment information at the accumulator agency from the governmental state entity regarding the processing of payment information; a receiving payment information hardware component configured to receive payment information at the accumulator agency, the payment information including at least a debit transaction; and a processing the debit transaction hardware component configured to process the debit transaction from the payment information by the accumulator agency to a payment recipient according to the received instructions. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18, 19)
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20. A non-transitory computer readable medium containing instructions for controlling a computer system to perform a 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, the method comprising:
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receiving instructions at the accumulator agency from the governmental state entity regarding the processing of payment information; receiving payment information at the accumulator agency, the payment information including at least a debit transaction; and processing the debit transaction from the payment information by the accumulator agency to a payment recipient according to the received instructions.
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21. A system 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:
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receiving means for receiving instructions at the accumulator agency from the governmental state entity regarding the processing of payment information; receiving means for receiving payment information at the accumulator agency, the payment information including at least a debit transaction; and processing means for processing the debit transaction from the payment information by the accumulator agency to a payment recipient according to the received instructions.
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Specification