Payment processing with payee risk management

US8010424B1 · kind B1 · utility

Assignee

• CHECKFREE CORPORATION · US

Inventors

• Daniel Lee Hamilton · Hilliard, US
• William McMichael · Haddon Heights, US
• Esther Pigg · Duluth, US
• Cathy E. Webber · Atlanta, US
• Hans Daniel Dreyer · Pataskala, US

Key dates

• Filing date: Aug 1, 2003
• Grant date: Aug 30, 2011
• Expiry date: Jan 3, 2028

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/00
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A technique for making a payment to a payee on behalf of a payor by a payment service provider is provided. A determination is made as to if a requested payment amount is less than a certain amount. The certain amount is associated with the payee and is determined by the service provider, not the payee. If the payment amount is less than the certain amount, payment to the payee on behalf of the payor is made drawn on an account of the service provider.