Patent
1994-06-03
1997-07-15
Hayes, Gail O.
G06F 1760
Patent
active
056491174
ABSTRACT:
A system and method for paying bills without requiring interaction with the payors disclosed. The system includes a payor control interface, a communications interface, a bill generator, and a TCF message generator. The bill generator generates bill records from payor and payee information stored within the system for recurring bills. The bill generator may also generate bill records from the payor and payee information and from bill data messages received from payees. The generated bill records are used by the TCF message generator to generate the EFT messages for transferring funds electronically between payors and payees. Payors may alter the payment amount and date for a bill as well as reverse payment of a bill already paid. Payees are also able to alter recurring bill records or may present bill data so that bill records reflecting variable obligation amounts may be generated.
REFERENCES:
patent: 4484304 (1984-11-01), Anderson et al.
patent: 4799156 (1989-01-01), Shavit et al.
patent: 4823264 (1989-04-01), Deming
patent: 5111395 (1992-05-01), Smith et al.
patent: 5121945 (1992-06-01), Thomson et al.
patent: 5220501 (1993-06-01), Lawlor et al.
patent: 5222018 (1993-06-01), Sharpe et al.
patent: 5283829 (1994-02-01), Anderson
patent: 5383113 (1995-01-01), Kight et al.
patent: 5465206 (1995-11-01), Hilt et al.
patent: 5483445 (1996-01-01), Pickering
Hayes Gail O.
Midwest Payment Systems
Yount Steven R.
LandOfFree
System and method for paying bills and other obligations includi does not yet have a rating. At this time, there are no reviews or comments for this patent.
If you have personal experience with System and method for paying bills and other obligations includi, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and System and method for paying bills and other obligations includi will most certainly appreciate the feedback.
Profile ID: LFUS-PAI-O-1499050