Systems, methods and computer program products for managing payment processes in a comprehensive payment hub system

US8606705B2 · kind B2 · utility

Assignee

• Bank of America Corporation · US

Inventors

• Mark D. Zanzot · Huntersville, US
• Garrett C. Briggs · Seattle, US
• Eric Dryer · Charlotte, US
• Anthony B. Calderone · Matthews, US
• William E. Thomas · Charlotte, US
• Philip Tobin · Huntersville, US
• David T. Frew · Fort Mill, US
• Kerry Michelle Cantley · Fort Mill, US

Key dates

• Filing date: Apr 30, 2009
• Grant date: Dec 10, 2013
• Expiry date: May 19, 2031

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/12
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Systems, methods, and computer program products are provided for managing the processing of a financial payment and, more specifically managing the processing of a financial payment in a comprehensive payment hub environment that provides for payment processing, including payment route determination, irrespective of the payment input channel. In accordance with embodiments herein disclosed, managing the processing of the payment includes automatically determining the payment processes and automatically determining the arrangement of the payment processes. As such, the methods, systems, and computer program products herein described provide for an efficient and cost-effective approach to processing payments.