Bill payment system and method with merchant information

US7107244B2 · kind B2 · 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: Jun 11, 2001
• Grant date: Sep 12, 2006
• Expiry date: Mar 12, 2023

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 methods 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.