Electronic invoicing and payment system

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

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Details

705 26, 705 27, 705 35, 705 40, 705 44, G06F 1760

Patent

active

060443626

ABSTRACT:
A system for automated electronic invoicing and payment system for providing remote customer review of automated billing from an invoicer. The system includes invoice presentment electronics having a control system and first communication electronics. The system also includes at least one remote authorization terminal having a customer interface, the terminal having second communication electronics adapted to operatively communicate with the first communication electronics. The control system of the invoice presentment electronics is adapted to provide billing data, regarding a customer invoice preauthorized for automated billing, to the first communication electronics for transmission to the second communication electronics. The customer interface of the remote authorization terminal is adapted to present the billing data to a customer and to receive a response relating to the billing data from the customer, the response indicating one of acceptance of the billing data for automated billing or modification of the billing data for modifying automated billing. Acceptance can either be an active response from the customer or a passive response, for example, automatic acceptance up to a preset limit.

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ACH Rules Guide for Direct Payment Programs; NACHA, 1995.
The Biller's Guide To Electronic Consumer Bill Payment; NACHA, 1995.

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