Disbursement system and method

Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance

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Details

235379, 3408253, 34082535, 705 35, 705 39, G06F 1760

Patent

active

058930809

ABSTRACT:
A computerized payment disbursement system and method are provided. One embodiment of the method of the present invention includes storing in a computer database user-defined payment disbursement criteria associated with a plurality of types of disbursement transactions. At least one payment disbursement request corresponding to one of the plurality of types is received. At least one payment disbursement is generated based upon the criteria and the request by automatically determining which of the plurality of types corresponds to the request and automatically selecting from the storage means the disbursement criteria associated with that disbursement type.

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