Method and Apparatus for Transferring Financial Information

• US 20070067239A1
• Filed: 08/16/2006
• Published: 03/22/2007
• Est. Priority Date: 09/19/2005
• Status: Abandoned Application

• Current Assignee: CashEdge Incorporated (Fiserv Incorporated)
• Original Assignee: CashEdge Incorporated (Fiserv Incorporated)
• Inventors: Dheer, Sanjeev, Sokolic, Jeremy, Suneja, Balraj, Vrishaketu, Manish, Sinha, Gautam
• Application Number:
  US11/465,007
• Publication Number:
  US 20070067239A1
• Time in Patent Office: Days
• US Class Current: 705/40
• CPC Class Codes: G06Q 20/102 Bill distribution or payments
• CPC Class Codes: G06Q 20/108 Remote banking, e.g. home banking
• CPC Class Codes: G06Q 20/405 Establishing or using transaction specific rules
• CPC Class Codes: G06Q 30/08 Auctions
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

A request is received to transfer bill payment data from a first account associated with a first entity to a second account associated with a second entity. Bill payment information is retrieved from the first entity. The second account is accessed and the bill payment data is established at the second entity.

Claims

1. A method comprising:

receiving a request to transfer bill payment data from a first account associated with a first entity to a second account associated with a second entity;

retrieving the bill payment data from the first entity; and

establishing the bill payment data at the second entity.

2. A method as recited in claim 1 further comprising allowing a user to modify the bill payment data prior to accessing the second account.

3. A method as recited in claim 1 further comprising deactivating the bill payment data associated with the first entity.

4. A method as recited in claim 1 further comprising deleting the bill payment data associated with the first entity.

5. A method as recited in claim 1 wherein the first entity and the second entity are financial institutions.

6. A method as recited in claim 1 further comprising accessing the second account.

7. A method as recited in claim 1 wherein the bill payment data includes payee and payment data.

8. A method as recited in claim 1 wherein the bill payment data includes automatic bill payment information.

9. A method as recited in claim 1 wherein the request is received from an account holder associated with the first account and the second account.

10. A method as recited in claim 1 wherein the bill payment data is related to an automated bill payment service.

11. A method as recited in claim 1 wherein the bill payment data is related to an online bill payment service.

12. A method as recited in claim 1 further comprising verifying a requestor'"'"'s credentials associated with the first account.

13. A method of transferring financial information between financial institutions, the method comprising:

accessing a first account at a first financial institution;

retrieving bill payment information from the first account;

accessing a second account at a second financial institution; and

establishing bill payment activities associated with the second account based on the bill payment information retrieved from the first account.

14. A method as recited in claim 13 wherein accessing a first account at a first financial institution includes applying an account holder'"'"'s credentials to gain access to the first account.

15. A method as recited in claim 13 further comprising editing the bill payment information prior to accessing the second account at the second financial institution.

16. A method as recited in claim 13 further comprising deactivating the bill payment information at the first financial institution.

17. A method as recited in claim 13 wherein the bill payment information includes at least one of payee data, payment data, or automatic bill payment information.

18. One or more computer-readable memories containing a computer program that is executable by a processor to perform the method recited in claim 13.

19. One or more computer-readable media having stored thereon a computer program that, when executed by one or more processors, causes the one or more processors to:

access a first account at a first financial institution;

retrieve bill payment information associated with the first account;

access a second account at a second financial institution;

establish bill payment activities associated with the second account based on the bill payment information retrieved from the first account; and

delete the bill payment information from the first financial institution.

20. One or more computer-readable media as recited in claim 19 wherein the one or more processors further allow a user to modify the bill payment information prior to accessing the second account.