System and method for making a payment from a financial account

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

Reexamination Certificate

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C705S040000

Reexamination Certificate

active

07117171

ABSTRACT:
A system and method of collecting payments facilitates authorized generation of a payment order. In a preferred embodiment the automated system has a simple input screen which receives the necessary information for generation of the payment order, which may be read to the system operator over the telephone by the authorizing payor. The system verifies the bank and account information by comparing the input information to records in a database associated with the system. Optionally, the system may also generate an inquiry to the bank to determine the availability of finds in the payor's account.

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