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 disbursement 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 of:
- receiving instructions at the accumulator agency, using a computer processor, from the governmental state entity regarding the processing of disbursement information;
receiving disbursement information at the accumulator agency, using the computer processor, the disbursement information including at least a disbursement transaction; and
processing the disbursement transaction from the disbursement information by the accumulator agency, using the computer processor, to a disbursement recipient according to the received instructions.
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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).
51 Citations
40 Claims
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1. A computer-implemented method of processing disbursement 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 of:
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receiving instructions at the accumulator agency, using a computer processor, from the governmental state entity regarding the processing of disbursement information; receiving disbursement information at the accumulator agency, using the computer processor, the disbursement information including at least a disbursement transaction; and processing the disbursement transaction from the disbursement information by the accumulator agency, using the computer processor, to a disbursement recipient according to the received instructions. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19)
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20. A system of processing disbursement information through a bank or an automated clearing house to a government state entity of the United States by an accumulator agency, wherein the accumulator agency, the bank of 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 at the accumulator agency from the governmental state entity regarding the processing of disbursement information; a receiving disbursement information hardware component configured to receive disbursement information at the accumulator agency, the disbursement information including at least a disbursement transaction; and a processing hardware component configured to process the disbursement transaction from the disbursement information by the accumulator agency to a disbursement recipient according to the received instructions. - View Dependent Claims (21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38)
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39. A non-transitory computer readable medium containing instructions for controlling a computer system to perform a method of processing disbursement 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 disbursement information; receiving disbursement information at the accumulator agency, the disbursement information including at least a disbursement transaction; and processing the disbursement transaction from the disbursement information by the accumulator agency to a disbursement recipient according to the received instructions.
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40. A system of processing disbursement information through a bank or an automated clearing house to a government state entity of the United States by an accumulator agency, wherein the accumulator agency, the bank of 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 disbursement information; receiving means for receiving disbursement information at the accumulator agency, the disbursement information including at least a disbursement transaction; and processing means for processing the disbursement transaction from the disbursement information by the accumulator agency to a disbursement recipient according to the received instructions.
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Specification