Disbursement system and method
First Claim
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1. A computerized payment disbursement system, comprising:
- a. computer database storage means for storing user-defined payment disbursement criteria for a plurality of types of disbursement transactions, including an EFT type disbursement transaction;
b. means for receiving at least one disbursement request, said request corresponding to one of said plurality of types;
c. means for automatically generating a payment disbursement based upon said criteria and request, said generating means including means for automatically selecting from said storage means criteria corresponding to said one type; and
d. automated diagnostic means for automatically determining whether a system failure condition exists, said diagnostic means also being for automatically preventing said EFT type disbursement transaction, if said system failure condition is determined to exist, and for automatically indicating to a user of said system existence of said system failure condition.
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Abstract
A computerized payment disbursement system and method are provided. One embodiment of the method of the present invention includes storing in a computer database user-defined payment disbursement criteria associated with a plurality of types of disbursement transactions. At least one payment disbursement request corresponding to one of the plurality of types is received. At least one payment disbursement is generated based upon the criteria and the request by automatically determining which of the plurality of types corresponds to the request and automatically selecting from the storage means the disbursement criteria associated with that disbursement type.
342 Citations
25 Claims
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1. A computerized payment disbursement system, comprising:
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a. computer database storage means for storing user-defined payment disbursement criteria for a plurality of types of disbursement transactions, including an EFT type disbursement transaction; b. means for receiving at least one disbursement request, said request corresponding to one of said plurality of types; c. means for automatically generating a payment disbursement based upon said criteria and request, said generating means including means for automatically selecting from said storage means criteria corresponding to said one type; and d. automated diagnostic means for automatically determining whether a system failure condition exists, said diagnostic means also being for automatically preventing said EFT type disbursement transaction, if said system failure condition is determined to exist, and for automatically indicating to a user of said system existence of said system failure condition. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
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13. A method for making payment disbursements via a payment disbursement system, comprising:
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a. storing in a computer database storage means user-defined payment disbursement criteria associated with a plurality of types of disbursement transactions, including an EFT type disbursement transaction; b. receiving at least one payment disbursement request corresponding to one of said plurality of types; c. generating at least one payment disbursement based upon said criteria and said request by automatically determining which of said plurality of types corresponds to said request and automatically selecting from said storage means disbursement criteria associated with said one type; and d. automatically determining whether a payment disbursement system failure condition exists, and if said system failure condition is determined to exist, automatically preventing said at least one payment disbursement of said EFT type from being effectuated and automatically indicating to a user of said system existence of said system failure condition. - View Dependent Claims (14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25)
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Specification