Universal Network-Based Deposit Management Service
First Claim
1. A system for managing electronic deposits remitted to billers comprising:
- a first node connected to a network for receiving electronic remittances;
a data repository connected to the network for storing account information and account identifier data;
a first software routine for looking up account information in the data repository based on received account identifier data; and
a second software routine for directing a deposit or credit into an account identified by the account identifier data;
characterized in that each account subject to electronic deposit is registered with the system, the system issuing an account identifier unique to each account, the identifier used in place of the account number by account owners in remittance instruction to payers.
2 Assignments
0 Petitions
Accused Products
Abstract
A system for managing electronic deposits remitted to billers includes a first node connected to a network for receiving electronic remittances, a data repository connected to the network for storing account information and account identifier data, a first software routine for looking up account information in the data repository based on received account identifier data, and a second software routine for causing a deposit or credit into an account identified by the account identifier data. Each account subject to electronic deposit is registered with the system, the system issuing an account identifier unique to each account, the identifier used in place of the account number by account owners in remittance instruction to payers.
78 Citations
20 Claims
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1. A system for managing electronic deposits remitted to billers comprising:
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a first node connected to a network for receiving electronic remittances; a data repository connected to the network for storing account information and account identifier data; a first software routine for looking up account information in the data repository based on received account identifier data; and a second software routine for directing a deposit or credit into an account identified by the account identifier data; characterized in that each account subject to electronic deposit is registered with the system, the system issuing an account identifier unique to each account, the identifier used in place of the account number by account owners in remittance instruction to payers. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. A method for preparing money-bearing accounts for electronic deposits or credits comprising steps of:
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(a) registering the accounts subject to electronic deposits or credits; (b) assigning unique account identifiers for each of those accounts; (c) associating the identifiers to the account numbers in data storage; and (d) disclosing the account identifiers to payers including instruction to include account identifiers with remittance. - View Dependent Claims (12, 13, 14, 15)
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16. A method for directing a deposit of funds or a credit to a money bearing account on behalf of the account owner, the account identified by an account identifier associated with the account number, the account identifier included in an electronic remittance directed to the owner of the account comprising steps of:
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(a) receiving the electronic remittance on behalf of the account owner and stripping the account identifier from the remittance information; (b) performing a lookup in a data storage repository using the account identifier as a search tuple; (c) receiving a match to the account identifier in storage and retrieving the account number associated with the matching account identifier; and (d) generating an electronic credit to the identified account and forwarding the credit to the entity servicing the account. - View Dependent Claims (17, 18, 19, 20)
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Specification