Dual source remittance processing

US7711690B1 · kind B1 · utility

Assignee

• CHECKFREE CORPORATION · US

Inventors

• David Lee Garrison · Indianapolis, US
• Patricia A. Kight · Alpharetta, US
• Brad Perkins · Dublin, US
• Cheryl L. Ward · Hilliard, US
• Mary Elizabeth Lawson · Dublin, US
• Amy Lynn Kerin · Delaware, US

Key dates

• Filing date: Jan 21, 1998
• Grant date: May 4, 2010
• Expiry date: Jan 21, 2018

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/02
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A method and apparatus for electronically processing bill payment requests where respective sets of payment requests are received electronically from a plurality of independent sources, each set of payment requests corresponding to an associated set of payers requesting payments to a plurality of payees. The payment requests are processed at a single remittance processing system having a database including payee information for each of the plurality of payees to generate payment directions for paying the plurality of payees in accordance with the processed payment requests.