Systems and methods for risk based determination of a form for crediting a payee on behalf of a payer

US7853524B2 · 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: Dec 26, 2001
• Grant date: Dec 14, 2010
• Expiry date: Jun 28, 2029

Classification

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

Abstract

Systems and methods for selecting a form for crediting a payee by a payment service provider include receiving a request to pay a payee on behalf of a payer. A form for crediting the payee is selected based on at least one of a comparison of a payer account number associated with the payer and the payee to a merchant account scheme associated with the payee or a comparison of a payment amount associated with the received request to a merchant credit limit associated with the payee. A payment is directed to the payee in accordance with the selected form for crediting.