Computer automated systems, devices and methods for data processing of accounting records

• US 9,881,131 B1
• Filed: 04/04/2016
• Issued: 01/30/2018
• Est. Priority Date: 11/30/2007
• Status: Active Grant

• Current Assignee: US Bank National Association (US Bancorp)
• Original Assignee: US Bank National Association (US Bancorp)
• Inventors: Dickelman, Mark
• Primary Examiner(s): Ojiaku, Chika
• Application Number:
  US15/089,780
• Time in Patent Office: 666 Days
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/202 Interconnection or interaction of plural electronic cash registers [ECR] or to host computer, e.g. network details, transfer of information from host to ECR or from ECR to ECR
• CPC Class Codes: G06Q 20/204 comprising interface for record bearing medium or carrier for electronic funds transfer or payment credit
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes

Abstract

Devices, systems, methods and arrangements are implemented in variety of manners. In a specific instance, a computer arrangement implements the following operations for a transaction involving a plurality of merchant offerings that are parseable by merchant offering identifiers. For a plurality of identified buyer accounts from which monetary payables (e.g., cash, credit and/or debit limits) are tracked, stored data sets are accessed that are indicative of types of merchant offerings to be associated with particular ones of the plurality of buyer accounts. Payment is facilitated for the items as a function of at least one of the plurality of buyer accounts. Payment is tracked for the items as a function of the merchant offering identifiers.

Claims

1. A computer system comprising one or more computer processors that include:

a memory circuit configured and arranged to provide a database, wherein the database is configured with a payment processor that is connected to a plurality of point-of-sale credit-debit card readers and that is configured to;

receive transaction data from the point-of-sale credit-debit card readers, the transaction data identifying a plurality of items being purchased by a single buyer, and parse the plurality of items being purchased by;

identifying a plurality of buyer networks held by a buyer corresponding to an identifier associated with the single buyer; and

tagging each item in the transaction data as eligible for one or more types of buyer networks, wherein the types of buyer networks include a health insurance network; and

the database configured with a transaction processor that is configured to;

receive the tagged items from the payment processor;

select, for each tagged item, a respective buyer network from the plurality of networks by correlating the eligible types of buyer networks with the plurality of buyer networks held by the buyer, sorting the plurality of buyer networks that match the eligible types of buyer networks, and selecting the respective buyer network based upon the sorting;

submit, based upon the selected respective buyer networks, a first set of the plurality of items being purchased as part of an insurance claim to a health insurance network;

submit, based upon the selected respective buyer networks, a second set of the plurality of items being purchased to a credit card network; and

provide the selected respective buyer network and the credit card network, identification of computing protocols to use to allow transaction settlement between the selected respective buyer network and the credit card network.

2. The system of claim 1, wherein the transaction processor is further configured to store an approval status of the first set of items from the plurality of items in a pending transaction warehouse database.

3. The system of claim 2, wherein the transaction processor is further configured to receive status updates from the health insurance network, and to submit, in response to the status updates indicating a denial of at least part of the first set of items, the denied part of the first set of items to the credit card network.

4. The system of claim 2, wherein the transaction processor is further configured to receive status updates from the health insurance network, and to submit, in response to the status updates indicating a denial of at least part of the first set of items, the denied part of the submitted first set of items to a health savings account (HSA) network.

5. The system of claim 1, wherein the transaction processor is further configured to provide payment to a seller for the first set of items, the payment provided prior to receipt of an approval status from the health insurance network.

6. The system of claim 5, wherein the transaction processor is further configured to provide the payment by debiting a suspense account.

7. The system of claim 6, wherein the transaction processor is further configured to credit the suspense account in response to receiving payment from the health insurance network.

8. A method for use in a transaction between a seller and buyer that involves a plurality of items and transaction data that includes information about a cost of each item and a description of each item, the method comprising:

using a payment processor of a computer that is connected to a plurality of point-of-sale credit-debit card readers to;

receive transaction data from the point-of-sale credit-debit card readers, the transaction data identifying a plurality of items being purchased by a single buyer and parse the plurality of items being purchased by;

identifying a plurality of buyer networks held by a buyer corresponding to an identifier associated with the single buyer; and

tagging each item being purchased as eligible for one or more types of buyer networks, wherein the types of buyer networks include a health insurance network; and

using a transaction processor of the computer to;

receive the tagged items from the payment processor;

select, for each tagged item, a respective buyer network from a plurality of accounts by correlating the eligible types of buyer networks with the plurality of buyer networks held by the buyer, sorting the plurality of buyer networks that match the eligible types of buyer networks, and selecting the respective buyer network based upon the sorting;

submit, based upon the selected respective buyer networks, a first set of the plurality of items being purchased as part of an insurance claim to a health insurance network;

submit, based upon the selected respective buyer networks, a second set of the plurality of items being purchased to a credit card network; and

provide the selected respective buyer network and the credit card network, identification of computing protocols to use to allow transaction settlement between the selected respective buyer network and the credit card network.

9. The method of claim 8, further comprising using the transaction processor to store an approval status of the first set of items from the plurality of items in a pending transaction warehouse database.

10. The method of claim 9, further comprising using the transaction processor to receive status updates from the health insurance network, and to submit, in response to the status updates indicating a denial of at least part of the first set of items, the denied part of the first set of items to the credit card network.

11. The method of claim 9, further comprising using the transaction processor to receive status updates from the health insurance network, and to submit, in response to the status updates indicating a denial of at least part of the first set of items, the denied part of the submitted first set of items to a health savings account (HSA) network.

12. The method of claim 8, further comprising using the transaction processor to provide payment to the seller for the first set of items, the payment provided prior to receipt of an approval status from the health insurance network.

13. The method of claim 12, further comprising using the transaction processor to provide the payment by debiting a suspense account.

14. The method of claim 13, further comprising using the transaction processor to credit the suspense account in response to receiving payment from the health insurance network.

15. A computer system comprising one or more computer processors that include:

a memory circuit configured and arranged to provide a database, wherein the database is configured with a payment processor that is connected to a plurality of point-of-sale credit-debit card readers and that is configured to;

receive transaction data from the point-of-sale credit-debit card readers, the transaction data identifying a plurality of items being purchased by a single buyer, and parse the plurality of items being purchased by;

identifying a plurality of buyer networks held by a buyer corresponding to an identifier associated with the single buyer; and

tagging each item being purchased as eligible for one or more types of buyer networks, wherein the types of buyer networks include a health insurance network; and

the database configured with a transaction processor that is configured to;

receive the tagged items from the payment processor;

select, for each tagged item, a respective buyer network from the plurality of networks by correlating the eligible types of buyer networks with the plurality of buyer networks held by the buyer, sorting the plurality of buyer networks that match the eligible types of buyer networks, and selecting the respective buyer network based upon the sorting;

submit, based upon the selected respective buyer networks, a first set of the plurality of items being purchased as part of an insurance claim to a health insurance network;

submit, based upon the selected respective buyer networks, a second set of the plurality of items being purchased to a credit card network;

store an approval status of the first set of items from the plurality of items in a pending transaction warehouse database; and

provide payment to a seller for the first set of items, the payment provided prior to receipt of an approval status from the health insurance network.

16. A method for use in a transaction between a seller and buyer that involves a plurality of items and transaction data that includes information about a cost of each item and a description of each item, the method comprising:

using a payment processor of a computer that is connected to a plurality of point-of-sale credit-debit card readers to;

receive transaction data from the point-of-sale credit-debit card readers, the transaction data identifying a plurality of items being purchased by a single buyer and parse the plurality of items being purchased by;

identifying a plurality of buyer networks held by a buyer corresponding to an identifier associated with the single buyer; and

tagging each item being purchased as eligible for one or more types of buyer networks, wherein the types of buyer networks include a health insurance network; and

using a transaction processor of the computer to;

receive the tagged items from the payment processor;

select, for each tagged item, a respective buyer network from a plurality of accounts by correlating the eligible types of buyer networks with the plurality of buyer networks held by the buyer, sorting the plurality of buyer networks that match the eligible types of buyer networks, and selecting the respective buyer network based upon the sorting;

submit, based upon the selected respective buyer networks, a first set of the plurality of items being purchased as part of an insurance claim to a health insurance network;

submit, based upon the selected respective buyer networks, a second set of the plurality of items being purchased to a credit card network;

store an approval status of the first set of items from the plurality of items in a pending transaction warehouse database; and

provide payment to the seller for the first set of items, the payment provided prior to receipt of an approval status from the health insurance network.