Electronic statement presentment system

US6385595B1 · kind B1 · utility

Assignee

• Visa International Service Association · US

Inventors

• Ray Kolling · Menlo Park, US
• Michael Occhino · Castro Valley, US
• Jeffrey D. Roughgarden · Palo Alto, US
• James T. Hayward · Shawnigan Lake, CA

Key dates

• Filing date: Jun 25, 1999
• Grant date: May 7, 2002
• Expiry date: Jun 25, 2019

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q30/0601
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

An electronic statement presentment (ESP) system replaces the preparation and mailing of paper statements and invoices from a biller with electronic delivery. Electronic statements have the same look as paper statements as well as including video, audio, graphics, and custom enclosures. Statements are segmented into mandatory and optional components to minimize download time. The ESP system operates independently or is an enhancement to any suitable electronic bill payment system. A central switch computer coordinates template storage, validation, routing and message passing between billers, workstations and consumer financial institutions (CFI). A template authoring workstation (TAWS) creates a template of static biller information to serve as a basis for the electronic statement. The template is stored in a template library at the switch. The switch validates the template by sending it to a template validation workstation (TVAL). Batches of customer statement data are sent from a biller's legacy invoicing system to a statement origination workstation (SORG) along with a template identifier.