System and method for electronically providing customer services including payment of bills, financial analysis and loans

US5873072A · kind A · utility

Assignee

• CHECKFREE CORPORATION · US

Inventors

• Peter Kight · Alpharetta, US
• Mark A. Johnson · Spicewood, US
• Tamara K. Christenson · Gahanna, US
• Regina Lach · Dublin, US
• Philip Pointer · Columbus, US
• Kenneth Cook · Gahanna, US

Key dates

• Filing date: Jan 13, 1995
• Grant date: Feb 16, 1999
• Expiry date: Jan 13, 2015

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/03
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A computerized payment system by which a consumer may instruct a service provider by telephone, computer terminal, or other telecommunications means to pay various bills without the consumer having to write a check for each bill. The system operates without restriction as to where the consumer banks and what bills are to be paid. The service provider collects consumers' information, financial institutions' information and merchant information and arranges payment based on a financial risk analysis to the merchants according to the consumers' instructions.