Method and system for facilitating invoice data, payment credit transfers, real-time package tracking, and account-to-account payment on delivery

US12112359B2 · kind B2 · utility

Assignee

• MASTERCARD INTERNATIONAL INCORPORATED · US

Inventors

• Viviane Sabat · New York, US
• Andrea Christine Gilman · Chappaqua, US
• Jennifer Wang · Tempe, US
• Abhinav Bhatt · Rye Brook, US
• Chhomthyda Chhuan · Manhattan, US
• Daniel Bae · Greenwich, US
• Alonso ARAUJO · Dublin, IE
• James Nicholas Mortimer · Coleshill, GB
• Monica Taylor · Saint Charles, US
• Eitan Ahimor · White Plains, US
• Christopher Murray · Ballwin, US
• Mark N. Savoye · Hartsdale, US
• Robert Pacifico · Ridgefield, US
• Ashfaq Kamal · Stamford, US
• Karan Sharma · Delhi, IN

Key dates

• Filing date: May 8, 2023
• Grant date: Oct 8, 2024
• Expiry date: May 8, 2043

Classification

• Technology area (CPC G): Physics
• CPC primary: G06F3/04883
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A method for real-time invoice updating and account-to-account payment includes: receiving invoice data based on presentation of an invoice by a distributor to a recipient at a delivery location, modification of the invoice by the recipient, and acceptance of the invoice by the recipient; generating a request for payment (RFP) message based on the invoice data; transmitting the RFP message to a financial institution associated with the recipient via a financial institution of the distributor; receiving, from the financial institution associated with the distributor, a payment confirmation for the invoice based on a real-time payment from the financial institution associated with the recipient; generating reconciliation data based on the payment confirmation and the invoice data; and transmitting the reconciliation data to a computing device of the distributor and a computing device of the recipient.