Apparatus and method for facilitating account restructuring in an electronic bill payment system

US7917435B2 · kind B2 · utility

Assignee

• MASTERCARD INTERNATIONAL INCORPORATED · US

Inventors

• Gidget A. Hall · Town and Country, US
• Darlene Lohman · Bartelso, US
• Pauline Ow · Chesterfield, US
• Edward McLaughlin · Newtown, US
• Janet Smith · Des Peres, US
• Theresa Altman · Saint Peters, US

Key dates

• Filing date: Jul 30, 2007
• Grant date: Mar 29, 2011
• Expiry date: Jul 30, 2027

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q20/108
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A system can have a plurality of participating entities including a plurality of receivers and a plurality of originators. A data file indicative of an account restructuring of a given one of the receivers can be obtained. The data file specifies at least one old account number associated with the receiver and at least one new account number associated with the receiver. The data is placed in a conversion data structure in a format to facilitate account number conversion. Remittance data, including the old or new account number of the receiver, is obtained from a given one of the participating entities, and is routed in accordance with the old or new account number in the remittance data, and the data structure.