Payment entity for account payables processing using multiple payment methods
First Claim
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1. A method performed by a computing device, the method comprising:
- receiving, by the computing device, an accounts payable data file for a client that pays a plurality of creditors, wherein the accounts payable data file includes a plurality of accounts payable entries, and wherein the plurality of accounts payable entries includes associated creditor information;
determining, by the computing device, payment schemes for the plurality of accounts payable entries, wherein the payment schemes are determined based on the received accounts payable data file and a stored payables profile for the client;
determining, by the computing device, whether the client is associated with a first level of service or a second level of service;
initiating, by the computing device, payment transactions for the plurality of accounts payable entries,wherein if the determined level of service is the first level of service, initiating the payment transactions comprises generating payment requests in accordance with the payment schemes determined based on the received accounts payable data file and the stored payables profile for the client,wherein if the determined level of service is the second level of service, initiating the payment transactions comprises;
analyzing payment program data;
determining a more optimal payment scheme based on the payment program data; and
generating the payment requests in accordance with the more optimal payment scheme; and
transmitting, by the computing device, the payment requests to a financial institution device.
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Abstract
A method begins by receiving an accounts payable data file from a client device. The method continues by determining whether a payables profile of a client associated with the client device is to be modified based on the accounts payable data file. The method continues by determining a level of service of the client when the payables profile is not to be modified. The method continues processing payment transactions for accounts payable contained in the accounts payable data file on behalf of the client in accordance with the payables profile via a wide area network when the level of service is a first level of service.
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Citations
20 Claims
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1. A method performed by a computing device, the method comprising:
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receiving, by the computing device, an accounts payable data file for a client that pays a plurality of creditors, wherein the accounts payable data file includes a plurality of accounts payable entries, and wherein the plurality of accounts payable entries includes associated creditor information; determining, by the computing device, payment schemes for the plurality of accounts payable entries, wherein the payment schemes are determined based on the received accounts payable data file and a stored payables profile for the client; determining, by the computing device, whether the client is associated with a first level of service or a second level of service; initiating, by the computing device, payment transactions for the plurality of accounts payable entries, wherein if the determined level of service is the first level of service, initiating the payment transactions comprises generating payment requests in accordance with the payment schemes determined based on the received accounts payable data file and the stored payables profile for the client, wherein if the determined level of service is the second level of service, initiating the payment transactions comprises; analyzing payment program data; determining a more optimal payment scheme based on the payment program data; and generating the payment requests in accordance with the more optimal payment scheme; and transmitting, by the computing device, the payment requests to a financial institution device. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. A computing device comprising:
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a processor; and a memory coupled to the processor, wherein the memory comprises code executable by the processor for implementing a method comprising; receiving, by the computing device, an accounts payable data file for a client that pays a plurality of creditors, wherein the accounts payable data file includes a plurality of accounts payable entries, and wherein the plurality of accounts payable entries includes associated creditor information; determining, by the computing device, payment schemes for the plurality of accounts payable entries, wherein the payment schemes are determined based on the received accounts payable data file and a stored payables profile for the client; determining, by the computing device, whether the client is associated with a first level of service or a second level of service; initiating, by the computing device, payment transactions for the plurality of accounts payable entries, wherein if the determined level of service is the first level of service, initiating the payment transactions comprises generating payment requests in accordance with the payment schemes determined based on the received accounts payable data file and the stored payables profile for the client, wherein if the determined level of service is the second level of service, initiating the payment transactions comprises; analyzing payment program data; determining a more optimal payment scheme based on the payment program data; and generating the payment requests in accordance with the more optimal payment scheme; and transmitting, by the computing device, the payment requests to a financial institution device. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18, 19, 20)
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Specification