US20040199467A1 - Automated debt payment system and method using atm network - Google Patents

Automated debt payment system and method using atm network Download PDF

Info

Publication number
US20040199467A1
US20040199467A1 US10042690 US4269003A US2004199467A1 US 20040199467 A1 US20040199467 A1 US 20040199467A1 US 10042690 US10042690 US 10042690 US 4269003 A US4269003 A US 4269003A US 2004199467 A1 US2004199467 A1 US 2004199467A1
Authority
US
Grant status
Application
Patent type
Prior art keywords
payment
loan
consumer
atm
debt
Prior art date
Legal status (The legal status is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the status listed.)
Abandoned
Application number
US10042690
Inventor
Joseph Martin
D. Hinkle
Original Assignee
Martin Joseph B.
Hinkle D. Allen
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date

Links

Images

Classifications

    • GPHYSICS
    • G06COMPUTING; CALCULATING; COUNTING
    • G06QDATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q30/00Commerce, e.g. shopping or e-commerce
    • G06Q30/04Billing or invoicing, e.g. tax processing in connection with a sale
    • GPHYSICS
    • G06COMPUTING; CALCULATING; COUNTING
    • G06QDATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00Payment architectures, schemes or protocols
    • G06Q20/02Payment architectures, schemes or protocols involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
    • GPHYSICS
    • G06COMPUTING; CALCULATING; COUNTING
    • G06QDATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00Payment architectures, schemes or protocols
    • G06Q20/02Payment architectures, schemes or protocols involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
    • G06Q20/023Payment architectures, schemes or protocols involving a neutral party, e.g. certification authority, notary or trusted third party [TTP] characterized in that the neutral party is a clearing house
    • GPHYSICS
    • G06COMPUTING; CALCULATING; COUNTING
    • G06QDATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00Payment architectures, schemes or protocols
    • G06Q20/04Payment circuits
    • GPHYSICS
    • G06COMPUTING; CALCULATING; COUNTING
    • G06QDATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00Payment architectures, schemes or protocols
    • G06Q20/08Payment architectures
    • G06Q20/10Payment architectures specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
    • GPHYSICS
    • G06COMPUTING; CALCULATING; COUNTING
    • G06QDATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00Payment architectures, schemes or protocols
    • G06Q20/08Payment architectures
    • G06Q20/10Payment architectures specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
    • G06Q20/102Bill distribution or payments
    • GPHYSICS
    • G06COMPUTING; CALCULATING; COUNTING
    • G06QDATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00Payment architectures, schemes or protocols
    • G06Q20/08Payment architectures
    • G06Q20/10Payment architectures specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
    • G06Q20/108Remote banking, e.g. home banking
    • G06Q20/1085Remote banking, e.g. home banking involving automatic teller machines [ATMs]
    • GPHYSICS
    • G06COMPUTING; CALCULATING; COUNTING
    • G06QDATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00Payment architectures, schemes or protocols
    • G06Q20/08Payment architectures
    • G06Q20/14Payment architectures specially adapted for billing systems
    • GPHYSICS
    • G06COMPUTING; CALCULATING; COUNTING
    • G06QDATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00Payment architectures, schemes or protocols
    • G06Q20/08Payment architectures
    • G06Q20/18Payment architectures involving self- service terminals [SSTs], vending machines, kiosks or multimedia terminals

Abstract

An electronic funds transfer methodology for providing access to a plurality of non-bank loan payment processors (loan servicers) through established ATM (automated teller machine) networks, thereby creating a payment system designed to allow a consumer to initiate an electronic transfer of funds from a primary bank transaction account (e.g., checking account, savings account) to a loan servicer to satisfy an outstanding consumer debt or payment obligation. Automated payment of consumer debt obligations through use of an ATM network is facilitated by a processor and associated software, which are employed to combine specific consumer loan payment data with specific depository transaction account information through an electronic ATM network for the purpose of affecting a more efficient loan payment/servicing process. Information relevant to the loan payment is electronically communicated from the loan servicer through software designed to access the servicer's loan database, extract specific fields from designated records, and communicate this information to a third party central computer. The third party central computer reformats the data as necessary, aggregates this information with any similar information received from other loan or debt servicers, and transmits the aggregated information to one or more ATM transaction processors.

Description

    RELATED APPLICATION DATA
  • [0001]
    This application is a continuation of application Ser. No. 08/943,284 filed on Oct. 3, 1997, the disclosure of which is incorporated herein by reference.
  • BACKGROUND OF THE PRESENT INVENTION
  • [0002]
    Numerous processes and devices exist for facilitating electronic payments. Today, virtually all domestic banking institutions offer customers the ability to conduct a limited number of electronic transactions either from an automated teller machine (ATM) located on-site at the institution, or from a remote ATM serving the institution. The remote services are made possible in part through the development of communications systems that provide for the interconnection of many clearing house or regional, national, or international electronic finds transfer (EFT) networks. These networks are specialized digital packet networks that communicate with various ATM transaction processors and service providers using standard message protocols developed by ANSI and others. A more-or-less standard, generic ATM interface has developed in the banking industry, making it relatively easy for a consumer to use any ATM on any ATM network once he has learned how to interact with this more-or-less standard interface. Of course, ATMs produced by different manufacturers may differ in key placement, number of keys, key legends, screen size, etc. However, there has been a trend toward standardization of these features so as to minimize user discomfort with using a “foreign bank” ATM.
  • [0003]
    [0003]FIG. 1 illustrates a block diagram of an existing prior art system used to process a typical ATM transaction, such as a cash withdrawal or balance inquiry, shown generally at 8. As seen in FIG. 1, the ATM transaction system includes an ATM transaction processor 14, an ATM network access device (such as an ATM terminal) 15, an ATM banking institution 16, a consumer banking institution 18 (where the ATM banking institution 16 and the consumer banking institution 18 can be one and the same), and an automated clearing house (ACH) network 20. ATM network access device 15 is connected to ATM banking institution 16 through a suitable communications path 17. ATM transaction processor 14 is connected with a host computer at ATM banking institution 16 through communications path 19, with a host computer at consumer banking institution 18 through communications path 21, and with ACH network 20 through communications path 23. As is known to those of skill in the art, appropriate information is exchanged between ATM transaction processor 14, ATM banking institution 16, consumer banking institution 18, and ACH network 20 to effect an ATM transaction.
  • [0004]
    ATM network access device 15 may be physically co-located with the ATM banking institution 16, or may be remotely located with respect thereto. In operation, ATM network access device 15 serves as an interface between a user and the ATM network to receive input from the user and to provide necessary output (and finds, when necessary) to the user. ATM network access device 15 retrieves user information from an ATM card inserted by a user to initiate an ATM transaction, and receives appropriate associated PIN information and transaction information from the user. This information is passed through communication path 17 to the ATM banking institution 16. As necessary, information is then transferred through communications path 19 to ATM transaction processor 14. ATM transaction processor 14 identifies the consumer banking institution 18 from the information retrieved from the user's ATM card, and passes the necessary transaction information entered by the user to the appropriate consumer banking institution 18 through communications path 21.
  • [0005]
    Consumer banking institution 18 verifies the user's account data and verifies that the user has sufficient finds available for the requested transaction. Consumer banking institution 18 then forwards an authorization message (either a deny transaction request message or a proceed with transaction message, for example) to the ATM transaction processor 14 through communications path 21. ATM transaction processor 14 then forwards the authorization message back to the ATM banking institution 16 through communications path 19. These messages serve to confirm that the transaction is to proceed or be prohibited. Upon receipt of the authorization message, the ATM banking institution 16 forwards the authorization to the ATM network access device 15 using communications path 17. Based on the authorization received, the ATM network access device 15 provides suitable information and funds, if requested, to the user. The user then has the option of terminating the session, or initiating another transaction, which would proceed in a similar fashion.
  • [0006]
    Once the consumer has terminated the ATM banking session, the ATM transaction processor 14 forwards a confirmation record of the completed transaction to the ATM banking institution 16 using communications path 19, and forwards an identical confirmation record to the consumer's banking institution 18 using communications path 21. ATM transaction processor 14 also forwards a record of the transaction and information to facilitate the appropriate debiting and crediting of the necessary accounts to a designated ACH network 20 through communications path 23. ACH network 20 then operates to debit (where the user has requested a withdrawal of funds, for example) the user's account at the consumer banking institution 18 using communications path 25, and to issue a credit to the ATM banking institution 16 using communications path 27. Finally, ATM transaction processor 14 creates a record of the transaction and writes that record to a back-up data and transactions log 13 for any future reference, if necessary.
  • [0007]
    Most ATMs, however, do not currently permit customers to pay bills, make debt payments or conduct other complex financial transactions, but instead typically limit the user to withdrawals, account inquiries, account transfers, and, if the ATM the user accesses is that of his own bank, deposits. There are some circumstances where ATMs have been used to conduct transactions, such as bill payment transactions, in addition to those described above. However, in the case of bill payment transactions, the consumer is usually limited to making bill payments only to certain entities specified in advance by the bank, and is required to complete a somewhat onerous registration process for establishing ATM-based bill payment authority or privileges. Other ATM terminals have been modified to accept almost any bill payment from consumers. In such instances, the ATM functions more like a mail box: the consumer initiates a bill payment, keys in the amount to be paid, and places the payment coupon and the payment amount, either as cash or a check, into an envelope and “deposits” the bill payment into the ATM. In both of the scenarios described above, the bank assumes the role of a payment processor, separating and forwarding consumer bill payments by vendor. Neither payment methodology involves an electronic funds transfer, and neither the bank nor the vendor realizes any noticeable improvement in processing efficiency.
  • [0008]
    While personal banking and home banking initiatives have become more prolific in the past several years, the costs associated with such efforts, both for the bank and the consumer, have proven prohibitive. Service providers incur very high communications costs in linking their central processors with personal computer (PC) users, banks, and payees (merchants). Many payees also do not accept electronic payments (for lack of substantial volume), forcing service providers to make costly paper-based payments. Settlement processing can be costly, as banks must install special purpose software and operating procedures. These and other costs have been passed along to consumers, thereby dampening the demand for home banking services.
  • [0009]
    These limitations are reflected in U.S. Pat. No. 5,220,501, Lawlor et al. The process for an electronic monetary system as described by Rosen in U.S. Pat. No. 5,453,601 addresses some of the problems associated with certain payees not accepting electronic payments, but the described invention has not yet been widely implemented, if at all. In addition, many banks have developed PC and telephone banking processes merely to allow the consumer to create a paper check at the bank through a PC or telephone. The bank then processes the check in the same manner as consumer-written checks. While the consumer has not had to physically write a check, the bank must remit the paper payment created by the consumer, with little or no operational savings or efficiencies to the bank.
  • [0010]
    The effort to provide more home banking services has prompted a number of inventions that provide access to accounts through various modifications of pre-existing hardware that dial into payment networks or bank systems for processing transactions. These are described in U.S. Pat. Nos. 5,025,373; 5,591,949; 5,424,938; 5,050,297; 5,336,870. Virtually all of these inventions only increase the accessibility of the existing ATM/banking process without addressing the functionality of accessing and processing loan and other debt payments serviced by non-depositories.
  • [0011]
    Another similar approach that has met limited success has been the establishment of automatic drafting mechanisms for payment of specific consumer obligations. In this scenario, the consumer provides the vendor with information regarding his bank's automated clearing house (ACH) routing number and his account number. The vendor then drafts the amount owed, usually according to a set schedule, from the consumer's account each month. The process is efficient for the vendor and for the bank, but leaves the consumer with little control as to the timing of the draft and the amount of the draft. It is not until the draft has already occurred that the consumer is aware of the transaction, and thus able to verify the transaction's accuracy. Nor does the consumer receive a record of the transaction until the bank issues a periodic statement of the account. This is the type of invention described by Duval, et al. in U.S. Pat. No. 5,469,991, a pre-authorized billing system.
  • [0012]
    Finally, point-of-sale (POS) transactions are growing more prevalent, with ATM card readers and key pads appearing in grocery stores, convenience stores and gas stations, among others. While the predominant use of the POS terminals has been to speed the check-out time (increase payment efficiency), POS debit transactions have also provided a substitution for cash and have served to reduce the number of checks returned to the vendor due to insufficient consumer funds balances. During a POS transaction, the consumer swipes the ATM (or debit) card through a card reader. Assuming an on-line debit transaction (versus an off-line credit-oriented transaction), the consumer enters a unique personal identification number (PIN), and then waits for the card reader/register to communicate to the transactions processor the total amount of the sale (i.e., the amount to be debited from the consumer's transaction account). (In U.S. Pat. No. 5,484,988, Delfer describes a similar process that scans a consumer's account information from a physical paper check presented at the point-of-sale.) After receiving verification from the consumer's bank that sufficient funds exist in the consumer's account to cover the transaction and an authorization from the consumer's bank to proceed, the transactions processor forwards to the POS terminal a transaction approval message (or, in the case of insufficient funds, a denial). Funds are routed from the consumer's bank account to the vendor through an ACH network. This scenario provides efficiencies for the vendor, the bank, and the consumer, but unfortunately requires a purchase transaction to initiate the process. Such a requirement is unrealistic for the repayment of a loan or other debt obligation.
  • SUMMARY OF THE INVENTION
  • [0013]
    In view of the foregoing, it is an object of the present invention to provide a system and method for automated debt payment through the use of ACH debiting and crediting of various payor and payee accounts.
  • [0014]
    It is yet another object of the present invention to provide a system and method for automated debt payment wherein individual consumer debt payments (i.e., debits) can, if necessary depending on the type of debt, be automatically divided among (i.e., credited to) a plurality of payee accounts.
  • [0015]
    It is a still further object of the present invention to provide a system and method for automated debt payment that uses an established ATM network to receive information from a consumer identifying a type of debt payment to make and, if he wishes to pay more than the minimum amount due, an amount to pay.
  • [0016]
    It is a still further object of the present invention to provide a system and method for automated debt payment that interfaces between existing ATM networks and debt servicer systems to facilitate the payment of debt obligations by a consumer through the use of the ATM network.
  • [0017]
    It is yet another object of the present invention to provide a system and method for automated debt payment that operates to convert debt information between formats used by various debt servicers and a format used by an ATM network.
  • [0018]
    It is also an object of the present invention to reduce payment processing costs for debt servicers, such as loan servicers (e.g., mortgage, auto and home equity loan servicers), other monthly consumer debt and bill payment processors (e.g., credit card companies, public utilities, and phone and cable companies), and time payment processors (e.g. leasing and rental companies) through the use of ACH debiting and crediting of various payee and payor accounts involved, including those accounts into which segregated portions of the consumer payment must be deposited.
  • [0019]
    It is yet another object of the present invention to provide a system and method for automated debt payment that reminds a user of an ATM, during an ATM banking session, that a loan or debt payment is due or past due, thereby prompting the consumer to transact the payment of that loan or debt obligation at that time.
  • [0020]
    Yet a further object of the present invention is to make the debt payment process easier and less costly for the consumer by eliminating the need for the consumer to write a check, keep track of payment coupons or monthly statements, and to eliminate postage costs and any uncertainty related to items being lost in the mail.
  • [0021]
    An additional object of the present invention is to ensure that consumer payments are made in amounts acceptable to the loan servicer, thereby eliminating uncertainties with respect to consumer intent that occurs when payments are submitted for amounts other than that which the debt servicer is expecting.
  • [0022]
    A further object of the present invention is to facilitate the payment of consumer debt obligations where the amount of the obligation due each month is not a perpetually fixed amount.
  • [0023]
    It is also an object of the present invention to provide a system and method for automated debt payment wherein debt obligation information (i.e., minimum payment amount due, due date) is periodically updated from debt servicers records.
  • [0024]
    Yet another object of the present invention is to facilitate the payment of past due consumer debt obligations, where such obligations may be subject to a penalty charge, thereby affecting (or increasing) the minimum payment amount due.
  • [0025]
    Another object of the invention is to eliminate costs for the servicer and the consumer related to returned items (i.e., items returned for insufficient funds).
  • [0026]
    A still further object of the invention is to provide the consumer with direct and timely access to loan balance and payment information without having to contact the loan servicer.
  • [0027]
    Yet another object of the invention is to integrate, via batch processing, or make available, via a communications connection such as a modem connection, non-depository (i.e., non-bank) controlled consumer loan, debt and other obligation payment data to depository-controlled ATM transaction networks.
  • [0028]
    A further object of the invention is to facilitate any reconciling and reporting that the loan servicer must perform by reducing human intervention in those processes and therefore reducing human error.
  • [0029]
    These and other objects are achieved by the present invention, which provides an automated debt payment system and method for providing access to a plurality of non-bank loan payment processors (loan servicers) through established ATM networks, thereby creating a payment system designed to allow a consumer to initiate an electronic transfer of funds from a primary bank transaction account (e.g., checking account, savings account) to a loan servicer to satisfy an outstanding consumer debt or payment obligation. The present invention provides a system and method to facilitate automated payment of consumer debt obligations through the use of an ATM network, wherein a transactions processor and proprietary software are employed to combine specific consumer loan payment data with specific depository transaction account information for the purpose of effecting a more efficient loan payment/servicing process. Information relevant to the loan payment is electronically communicated from the loan servicer through software designed to interact with the servicer's loan database, extract specific fields from designated records, and communicate this information to a third party loan payment facilitator's central computer. The third party loan payment facilitator's central computer reformats the data as necessary, appends this information with any similar information received from other loan or debt servicers, and transmits the appended information to one or more ATM transaction processors:
  • [0030]
    All loan servicer data will be subject to standardization, since data received from loan servicers by the 3rd party central computer will consist of multiple file and field layouts and descriptions. Once all data has been received from contracting loan servicers, the central computer will translate each loan servicer's data into a common, standard format complying with ANSI X.9, ANSI X.12, ISO 8583 or other suitable standards as adopted by the financial services and ATM transactions processing industries. Once converted, standardized records files will be appended. Standardized records will be available to ATM transaction processors either in batch transmittal or on-line mode during consumer ATM transactions. Batch transmittal will require the processor to temporarily store (i.e., update daily) loan servicer records internally in database format either as a part of or separate from other consumer depository account records. Processors not wishing to store loan servicer records on-site will be able to access the central computer via standard communications paths, such as a dial-up modem connection, lease line, or TCP/IP, during any on-line consumer ATM transaction. Either access method will provide the ATM transaction processor access to the consumer's loan or debt payment obligations during any consumer-initiated ATM transaction, thereby allowing the processor to facilitate the consumer's payment request or to prompt the consumer to make a debt payment based upon dictated transaction precedence logic.
  • [0031]
    In accordance with the present invention, an ATM banking institution modifies existing ATM screens to allow for loan payment, but is otherwise not involved in the process of allowing the consumer to access the loan payment process nor in restricting the institutions whose obligations would be paid through the ATM network. In addition, the present invention fully incorporates electronic funds transfers through EFT and ACH networks, thus offering loan servicers and payment processors opportunities for significant improvements in processing efficiency.
  • [0032]
    Where specific loan investors require that the funds from their loans be kept separate and apart from loans processed by the servicer for other investors, the present invention provides for ACH debiting and crediting of the various payee and payor accounts involved, including those accounts into which segregated portions of the consumer payment must be deposited. To illustrate, in the case of mortgage loans, a single loan servicer might process monthly mortgage payments for loans owned by Fannie Mae, Freddie Mac, Ginnie Mae, the Federal Housing Administration, and other private investors. Payments received on Fannie Mae loans must be deposited to an account separate from payments received on any other non-Fannie Mae loans. Additionally, the principal and interest portion of the mortgage payment must be deposited to an account separate from the real estate taxes, hazard insurance and mortgage insurance premium portions of the payment. In all, a single consumer check received by a mortgage loan servicer as a monthly mortgage payment may first have to be deposited to one account, and the representative dollar amount later divided, separated and deposited to three or more separate accounts. Similarly, a credit card servicer might process monthly consumer credit card payments for several credit card issuers. Again, payments received for the accounts of separate card issuers must be deposited separately and apart from payments received for the accounts of other card issuers. Through the use of ACH debiting and crediting, and particularly through the issuance of multiple ACH credits to effect the transfer of funds to multiple different accounts, payment processing costs are reduced for loan and debt servicers.
  • [0033]
    In accordance with this feature of the present invention, the complexities of segregating consumer payments into separate depository (i.e., custodial) accounts is reduced. Upon consumer initiation of a debt payment via an ATM terminal, the ATM transactions processor will retrieve the consumer's debt payment data. This data will include such information as the total dollar amount of the payment due, the identity of the payee, the payee's ACH routing number, and the appropriate account number of the bank account to which the consumer's payment is to be deposited (i.e., electronically transferred). For transactions such as mortgage payments, the payment data retrieved by the ATM transactions processor will further include the subtotal amounts of the consumer's payment representing the principal and interest portion, the real estate tax portion, the insurance portion, etc., as well as the separate depository account numbers into which those subtotal amounts are to be electronically transferred. From the consumer's perspective, his transaction account will be debited for a single dollar amount. However, during the actual electronic transfer of funds from the consumer's account to the payee, that single debit amount will be further divided and routed to separate depository accounts by the issuance of multiple ACH credits.
  • [0034]
    This feature (i.e., that of electronically segregating the payment debit into multiple depository credits) marks a significant improvement over existing automatic drafting and debit payment processes. Consumer payments that do not require segregation into separate custodial accounts (i.e., monthly utility payments) will be facilitated through the issuance of a single ACH debit and a single ACH credit, thereby transferring the payment amount from the consumer's transaction account and depositing that full payment amount into one designated depository account.
  • [0035]
    In accordance with the present invention, a messaging (or reminder) prompt is provided to consumers during ATM transactions, indicating that a loan or debt payment is due or past due, thereby prompting the consumer to transact the payment of that debt or loan obligation at that time. Messaging prompts are date sensitive, based upon a logical comparison of the current day's date to the payment due date recorded in the consumer's loan payment record available to the ATM transaction processor through a 3rd party debt payment facilitator. In the context of current ATM transaction protocols, this feature is also unique to the present invention. While serving as a reminder function for the consumer, this feature offers the loan servicer the ability to eliminate the mailing of monthly payment reminders and/or past due notices.
  • [0036]
    The present invention also eliminates the need for the consumer to write a check, keep track of payment coupons or monthly statements, and will eliminate postage costs and any uncertainty related to items being lost in the mail. In this manner, the present invention makes the payment process easier and less costly for the consumer.
  • [0037]
    The present invention also operates to ensure that consumer payments are made in amounts acceptable to the loan servicer, thereby eliminating uncertainties with respect to consumer intent that occurs now when payments are submitted for amounts other than that which the servicer is expecting. The invention will not allow the consumer to remit a payment amount less than the minimum payment due as displayed on the ATM screen to the consumer. Any dollar amounts remitted by the consumer, via the invention, in excess of the minimum payment due are automatically applied to debt principal reduction. Furthermore, since consumers will only be able to remit payments electronically via an ATM when there are sufficient funds in the designated transaction account to cover the payment, costs for the servicer and the consumer related to returned items (i.e., non-sufficient funds) will be eliminated.
  • [0038]
    The present invention also facilitates the payment of consumer debt obligations where the amount of the obligation due each month is not a perpetually fixed amount. Utility bills vary from one month to the next. The minimum payment due, and the actual amount paid by consumers, on most credit and/or charge cards also typically varies from one month to the next. Mortgage loan payments can change due to the imposition of adjustable interest rates. The present invention is designed to receive updated payment information from loan and debt servicers on a daily basis, thus ensuring that the minimum payment amount due as displayed to the consumer on the ATM screen complies with the payment terms required by the respective loan servicer.
  • [0039]
    The present invention further operates to facilitate the payment of past due consumer debt obligations, where such obligations may be subject to a penalty charge, thereby affecting (or increasing) the minimum payment amount due. For example, a payment due today may be subject to a late charge if received tomorrow, thereby increasing the amount of the obligation due if the payment is transacted by the consumer tomorrow. Again, because the present invention receives updated payment information from loan and debt servicers on a daily basis, the minimum payment amount due as displayed to the consumer on the ATM screen will always comply with the payment terms required by the respective loan servicer.
  • [0040]
    The invention also operates to provide the consumer with direct and timely access to loan balance and payment information without having to contact the loan servicer. The consumer will automatically receive a receipt of any payment transaction executed, with relevant loan balance and payment information printed thereon, and will also be able to request this information through the ATM at times other than when making a payment.
  • BRIEF DESCRIPTION OF THE DRAWINGS
  • [0041]
    [0041]FIG. 1 shows a block diagram of a conventional ATM system illustrating the transactions that occur during a typical ATM transaction.
  • [0042]
    [0042]FIG. 2 shows a block diagram of the present invention illustrating the transactions that occur during the payment of a debt obligation in accordance with the present invention.
  • [0043]
    [0043]FIG. 3 is a flowchart illustrating the process of a debt obligation payment using a system of the present invention as shown in FIG. 2.
  • [0044]
    [0044]FIG. 4 is a flowchart of a process used by a loan servicer to retrieve and process information for forwarding to a 3rd party loan payment facilitator.
  • [0045]
    [0045]FIG. 5 is a flowchart of a process used by a third party loan payment facilitator to extract and process debt obligation data from one or more loan servicers in accordance with the present invention.
  • [0046]
    [0046]FIG. 6 is a flowchart of a process used by a third party loan payment facilitator to receive and process transaction information from an ATM transactions processor in accordance with the present invention.
  • [0047]
    [0047]FIG. 7 is a flowchart of a process used by a loan servicer to receive and process transaction data from a 3rd party loan payment facilitator.
  • DETAILED DESCRIPTION OF THE PREFERRED EMBODIMENTS
  • [0048]
    Referring now to FIG. 2, a block diagram illustrating the overall organizational structure of a system for automated debt payment in accordance with the present invention is shown generally at 10. As seen in FIG. 2, the debt payment system of the present invention includes ATM network 8 shown in more detail in FIG. 1, together with a loan or debt servicer's bank 22, a loan or debt servicer 24, and a 3rd party loan payment facilitator 26. In the present application, the term “financial institution” is used broadly to refer to either depositories or debt servicers, including either loan servicer's bank 22, loan servicer 24, or a combination of these two in a single entity.
  • [0049]
    As described above in connection with FIG. 1, ATM network 8 includes an ATM transaction processor 14, an ATM banking institution 16, a consumer banking institution 18, and an ACH network 20. In order to clarify the operation of the present invention, ATM network access device 15, communications path 17, back-up data and transactions log 13, and communications path 27 are omitted from ATM network 8 as shown in FIG. 2, but these components would typically remain present to handle typical known ATM transactions as described in connection with FIG. 1 above. 3rd party loan payment facilitator 26 is connected with ATM transaction processor 14 of the ATM network 8 through communications path 31. Furthermore, the loan or debt servicer's bank may be connected with ATM transaction processor 14 of the ATM network 8 through communications path 32. While this connection is not required, it can be used to provide communication of transaction information and confirmation records between transaction processor 14 and the loan servicer's bank 22.
  • [0050]
    The loan or debt servicer's bank 22 is connected with ACH network 20 through communications means 33 and is connected to the loan or debt servicer 24 through a suitable communications medium 35, which be any of an electronic, telephonic, or postal interconnection. 3rd party loan payment facilitator 26 and loan or debt servicer 24 are also connected with each other through communications path 37, which is not necessarily a permanent connection, but rather may be periodically established “on-demand” when data communication is required.
  • [0051]
    In accordance with the present invention, 3rd party loan payment facilitator 26 and the loan servicer 24 cooperate with each other and with the ATM network 8 to allow a consumer to complete a loan payment using the ATM network 8, and more particularly, using an ATM network access device 15 (FIG. 1) at the ATM banking institution 16. 3rd party loan payment facilitator 26 makes loan account information available to the ATM network 8 through communications path 31. This information may be uploaded to transaction processor 14 in a bulk transfer on a periodic basis, such as once a day, or may be supplied to transaction processor 14 on a transaction-by-transaction basis. In a case where a bulk transfer is used, communications path 31 may be an intermittent link, such as a dial-up modem connection, that is periodically established when it is necessary to transfer data to transaction processor 14. Conversely, when a transaction-by-transaction transfer is used, communications path 31 must be substantially permanent since transaction processor 14 will request such information any time a consumer initiates an ATM transaction.
  • [0052]
    Communications path 31 is also used to transfer information from transaction processor 14 to 3rd party loan payment facilitator 26. For example, 3rd party loan payment facilitator 26 will receive information from transaction processor 14 indicating that a user has completed a payment on an outstanding debt obligation. In this manner, the records maintained by the 3rd party loan payment facilitator can be updated, if desired, to reflect that such payment has been made. As described in more detail below, this information is also communicated to loan servicer 24 to assist, among other things, with updating loan records and investor reporting records, and with the settlement verification process occurring between loan servicer 24 and the loan servicer's bank 22.
  • [0053]
    3rd party loan payment facilitator 26 and loan servicer 24 are connected and communicate through a communications path 37, which may be any suitable data communications path, such as a dial-up modem connection, leased line, or TCP/IP connection. 3rd party loan payment facilitator 26 receives loan account information from loan servicer 24. While a single communications path 37 and a single loan servicer 24 are shown in FIG. 2 for clarity, in practice the present invention will likely include any number of loan servicers and associated communications paths 37 connected therewith. In such case, 3rd party loan payment facilitator 26 will collect loan account information from each of the plurality of loan servicers 24 through the communications paths 37 and will process this information as discussed in detail below to generate suitable loan account information for transfer to transaction processor 14 through communications path 31.
  • [0054]
    As mentioned above, loan servicer 24 also receives payment transaction records from the 3rd party loan payment facilitator 26 through communications path 37. In this manner, loan servicer 24 is notified that a payment has been made and that it can expect to receive a verification of such payment from the loan servicer's bank 22 in due course.
  • [0055]
    In a manner similar to the ATM banking institution shown in FIG. 1, the loan servicer's bank 22 is connected with the ACH network 20 of the ATM network 8 and receives electronic loan payment credits from the ACH network 20 through communications means 33. In accordance with one important feature of the present invention, ACH network 20 may initiate multiple electronic credits 33 a, 33 b, 33 c using communication means 33. That is, where it is desirable that a loan payment be segregated and deposited to multiple accounts, ACH network 20 will initiate multiple funds transfers 33 a, 33 b, 33 c, etc., to each of the respective accounts in an appropriate amount. In this manner, the burden on loan servicer 24 to segregate funds received from a consumer is eliminated while segregation required by investors is maintained.
  • [0056]
    The process followed by a consumer to make a loan payment will now be described in more detail in connection with FIG. 3. The loan payment process shown in FIG. 3 illustrates the transactions performed by the ATM network 8 (FIGS. 1 and 2) in response to a user request that a loan payment be made, and funds transferred from the consumer's banking institution 18 to a loan servicer's bank 22. FIG. 3 does not illustrate the process by which information about a consumer's loans are retrieved from the loan servicer 24 and made available to the ATM network 8 to facilitate payment of these obligations. These features of the present invention are discussed in more detail below in connection with FIGS. 4-7.
  • [0057]
    Referring now to FIGS. 2 and 3, the process starts in block 300. In block 302 a user initiates an ATM session by inserting his ATM card and entering an appropriate PIN into an ATM network access device, such as an ATM terminal. Once the user has successfully logged into the ATM network, the user may elect to make a loan or debt payment in block 304. The user will be prompted to identify the loan for which he wishes to make a payment, and to indicate the amount of payment that he wishes to make. It should be noted that the user is not obligated to provide detailed information to identify the loan and the payment amount, but rather the user is provided with a series of display prompts that the user can select to make a payment on a debt obligation. Exemplary ATM screen displays and a flow diagram of such screens are provided as Appendix A attached hereto, illustrating the manner in which the present invention facilitates selection of a loan and entry of a payment amount.
  • [0058]
    In accordance with one feature of the present invention, the ATM network, and more particularly the ATM network access device, may automatically prompt the user to make a loan payment when one is due within a certain predetermined time frame. That is, if a user logs into an ATM terminal within a certain time period prior to a payment due date for a debt obligation, the ATM system may display a suitable reminder to the user that a loan payment is due, and offer the opportunity for that user to initiate a payment at that time. Therefore, it is to be understood that the following discussion of the loan payment process could be initiated by a user either himself, or in response to a prompt from the ATM network.
  • [0059]
    Also, in accordance with the present invention, a user is prohibited from making a payment for an amount less than that which is due on the debt obligation. That is, the user is prohibited from remitting a payment amount that is lower than that which is periodically due on the debt obligation, thus preventing confusion and misunderstanding that result when a consumer errantly pays some amount less than the full amount that is due under the obligation. The user may, however, elect to pay an amount greater than that which is due, with any overage applied to reduce the outstanding principal balance of the obligation.
  • [0060]
    Once the user has indicated the type of loan and the dollar amount of the payment to be made in block 304, the appropriate transaction information is sent from the ATM banking institution 16 to a suitable transaction processor 14 in block 306. In block 308, the transaction processor receives this information, identifies the appropriate consumer banking institution 18 associated with the user, and forwards appropriate transaction information to the consumer's banking institution 18.
  • [0061]
    The consumer's banking institution 18 uses this information to verify that sufficient funds are available in the user's account to satisfy the requested transaction in block 310. The consumer's banking institution 18 then generates an appropriate authorization message and returns it to transaction processor 14. In the event that sufficient funds are present for the transaction, the authorization message will indicate that the transaction should proceed. In the event that insufficient funds are present for the transaction, the authorization message will so indicate and the transaction will be halted with an appropriate message being displayed to the user at the ATM banking institution 16. In either event, transaction processor 14 forwards the authorization message back to the ATM banking institution 16 as shown in block 312.
  • [0062]
    In block 314, assuming that sufficient funds exist for the transaction to proceed, transaction processor 14 generates appropriate debit and credit instructions and forwards these instructions to the ACH network 20 in order to initiate the actual transfer of funds between the consumer's banking institution 18 and the loan servicer's bank 22. Specifically, the transaction processor 14 will request the ACH network to debit the consumer's account at the consumer's banking institution 18 by an amount equal to the debt payment amount indicated by the consumer, and will request that a credit be made to the appropriate loan servicer's account at the loan servicer's bank 22. One important feature of the present invention lies in the ability of the present invention to request that multiple credits be made to automatically segregate funds at the loan servicer's bank 22. By so doing, the effort of administration required by the loan servicer 24 is greatly reduced and substantial costs savings can be realized. In block 316, the ACH network will receive these fund transfer requests from the transaction processor and will generate and forward suitable debit and credit transaction requests to the appropriate banking institutions.
  • [0063]
    In block 318, the transaction processor 14 will generate suitable confirmations that the transaction has been completed and will forward confirmation records of such completion to the consumer's banking institution 18, to the ATM banking institution 16, and to the 3rd party loan payment facilitator 26. Transaction processor 14 can also forward a confirmation record of such completion to the loan servicer's bank 22 using optional communications path 32 as desired. With confirmation that the transaction has been successfully completed, a notice to that effect is displayed to the consumer and the process ends in block 320.
  • [0064]
    The above debt payment transaction process described in connection with FIG. 3 assumes that debt information is available to the ATM network 8 for use in 5 processing a consumer's request for a debt payment transaction. However, the currently known ATM system does not include such information and it is an object of the present invention to provide a system and method for making this information available to the ATM network 8 to facilitate the payment of debt obligations in the manner described above in connection with FIG. 3.
  • [0065]
    In accordance with the present invention, means are provided with both the 3rd party loan payment facilitator 26 and the loan servicer 24 to obtain the necessary information for use by the ATM network 8 in processing a consumer's debt payment request. In the most preferred embodiment, these means include software operating on a suitable computing device at both the 3rd party loan payment facilitator's 26 location and at the loan servicer's 24 location. This software operates to provide communication between the 3rd party loan payment facilitator 26 and the loan servicer 24, as well as appropriate communication with ATM network 8 using communications paths 31 and 37 shown in FIG. 2.
  • [0066]
    The software residing at the loan servicer's 24 location interfaces with communication path 37 to transfer information between loan servicer 24 and 3rd party loan payment facilitator 26. During installation of this software, various information is input by the loan servicer 24 to facilitate this communication, including identification of the loan servicer's 24 type of modem and dial-in number for modem communications, operating environment, database design, systems platform, and contact information at the loan servicer's 24 place of business, etc.
  • [0067]
    As illustrated in FIG. 4 in block 400, the software scans the database of loan servicer 24 and in block 402 identifies customers electing to use the services of 3rd party loan payment facilitator 26. For example, the database of loan servicer 24 could include a field having information identifying that customer as one electing to use the services of the 3rd party loan payment facilitator 26. When a customer is located, the software extracts the necessary data elements from the record and preferably stores this information in a temporary file in block 404. The scanning process then continues in this manner until it has completed scanning the entire database of loan servicer 24.
  • [0068]
    Exemplary data extracted from the loan servicer's 24 database is shown in Table I below. Of course, more or less information may be extracted and forwarded to 3rd party loan payment facilitator 26 as desired.
    TABLE I
    ACCOUNT DATA RECEIVED FROM LOAN SERVICERS
    Data Element Description
    Servicer Identification Number Means by which 3rd party loan payment
    facilitator uniquely identifies its customers
    Site Identification Number Means by which 3rd party loan payment
    facilitator identifies sub-components of its
    customers
    Servicer Name Servicer Name
    Servicer Mailing Street Address Servicer Mailing Street Address
    Servicer Mailing City Servicer Mailing City
    Servicer Mailing State Servicer Mailing State
    Servicer Mailing Zip Code Servicer Mailing Zip Code
    Servicer Mailing Zip + 4 Servicer Mailing Zip + 4
    Servicer Contact Servicer Contact
    Servicer Contact Phone Servicer Contact Phone
    Servicer Contact Fax Servicer Contact Fax
    Site Mailing Street Address Site Mailing Street Address
    Site Mailing State Site Mailing State
    Site Mailing Zip Code Site Mailing Zip Code
    Site Mailing Zip + 4 Site Mailing Zip + 4
    Site Contact Site Contact
    Site Contact Phone Site Contact Phone
    Site Contact Fax Site Contact Fax
    Borrower First Name Borrower First Name
    Borrower Middle Initial Borrower Middle Initial
    Borrower Last Name Borrower Last Name
    Borrower Social Security Number Borrower Social Security Number
    Co-borrower First Name Co-borrower First Name
    Co-borrower Middle Initial Co-borrower Middle Initial
    Co-borrower Last Name Co-borrower Last Name
    Co-borrower Social Security Number Co-borrower Social Security Number
    Borrower Mailing Street Address Borrower Mailing Street Address
    Borrower Mailing City Borrower Mailing City
    Borrower Mailing State Borrower Mailing State
    Borrower Mailing Zip Code Borrower Mailing Zip Code
    Borrower Mailing Zip + 4 Borrower Mailing Zip + 4
    Property Mailing Address Location of the property securing the
    mortgage loan
    Property Mailing City Property Mailing City
    Property Mailing State Property Mailing State
    Property Mailing Zip Code Property Mailing Zip Code
    Property Mailing Zip + 4 Property Mailing Zip + 4
    Loan Number Servicer's unique loan identifier
    Original Loan Balance Original dollar amount of the loan
    Outstanding Unpaid Principal Balance Current amount owed by the borrower on the
    loan
    Outstanding Escrow Reserve Balance Current amount paid by the borrower and
    held in escrow reserve by the servicer for the
    future payment of real estate taxes, insurance,
    etc.
    Principal Paid YTD YTD principal amount paid by the borrower
    Interest Paid YTD YTD interest amount paid by the borrower
    Tax Paid YTD YTD local property taxes paid by the
    borrower and collected and managed by the
    servicer, if any
    Insurance Paid YTD YTD home owners insurance paid by the
    borrower and collected and managed by the
    servicer, if any
    MI Premium Paid YTD YTD mortgage insurance premium paid by
    the borrower and collected and managed by
    the servicer, if any
    Current Loan Interest Rate Current Loan Interest Rate
    Loan Type Indicator Identifies Loan as Fixed Rate or Adjustable
    Rate
    Current Principal Owed Amount of payment due that will be applied
    to reduce the principal amount of the loan
    Current Interest Owed Amount of payment due that will be applied
    to the interest of the loan
    Current Escrow Tax Owed Amount of payment that will be applied to
    local property taxes managed by servicer, if
    any
    Current Escrow Insurance Owed Amount of payment due that will be applied
    to pay premium on home owners insurance
    managed by servicer, if any
    Current MI Premium Owed Amount of payment due that will be used to
    pay premium for primary mortgage insurance,
    if any
    Current Payment Owed Total payment amount due to satisfy
    mortgage terms
    Current Servicing Fee (Percent) Percentage Amount of the Outstanding
    Unpaid Principal Amount withheld by the
    servicer from the Current Interest Owed as
    compensation for performing the loan
    servicing function
    Current Servicing Fee (Dollars) Dollar Amount of the Current Interest Owed
    withheld by the servicer as compensation for
    performing the loan servicing function
    Date Current Payment Due Date by which payment must be received to
    satisfy mortgage terms
    Late Fee Due Date on which late fees/penalties will be
    added to the Current Payment Owed if
    payment has not been received by the servicer
    Date of Last Paid Installment Date last payment was made which satisfied
    mortgage terms
    Penalties/Fees Owed Penalties or fees owed, in addition to the
    Current Payment Owed
    P&I Routing Number ACH routing number (identifier) of bank at
    which principal and interest portion of
    payment is deposited
    P&I Account Number Account number into which P&I portion of
    payment is deposited
    T&I Routing Number ACH routing number (identifier) of bank at
    which property tax and homeowners
    insurance premium portion of payment is
    deposited
    T&I Account Number Account number into which T&I portion of
    payment is deposited
    MIP Routing Number ACH routing number (identifier) of bank at
    which mortgage insurance premium portion
    of payment is deposited
    MIP Account Number Account number into which MI payment is
    deposited
    Fee Routing Number ACH routing number (identifier) of bank at
    which fees and penalties portion of payment
    (including servicing fee) is deposited
    Fee Account Number Account number into which fees and
    penalties portion of payment (including
    servicing fee) is deposited
    Investor Identification Secondary Market Owner of mortgage (if
    any)
    Investor Loan Number Investor's unique loan identifier
    Investor Remittance Type Investor loan classification which identifies
    how the investor is to be paid the current
    principal and interest owed on the loan
  • [0069]
    In accordance with the most preferred embodiment of the present invention, the extracting software is executed at least once each day between 4 and 6 pm U.S. Eastern Standard Time. The software should automatically initiate and complete the database scanning process based on time parameters provided by loan servicer 24. Where automatic execution is not possible, the software prompts a user as a reminder that the database scan needs to be executed and informs the user as to how long it has been since the last update was processed.
  • [0070]
    Once the appropriate data elements are extracted from loan servicer's 24 database, the software establishes in block 406 a communications link between the loan servicer 24 and the 3rd party loan payment facilitator 26 and transmits this data to the 3rd party loan payment facilitator 26 in block 408. While in this embodiment communications are initiated by the loan servicer 24, it will be apparent to those of skill in the art that it is possible, and in fact may be preferable, for 3rd party loan payment facilitator 26 to initiate data communications with the loan servicer 24. Any suitable communications path can be used, including a dial-up modem connection, leased line, TCP/IP or world wide computer network interconnection. In block 410, the software verifies that the data has been accurately transmitted and retries the transmission if a failure occurs. Upon successful transmission, the process ends in block 412.
  • [0071]
    As noted above, the system and method of the present invention will likely interact with any number of loan servicers, or with geographically dispersed operations centers of large loan servicers. Therefore, the above data extraction process is performed for any and all loan servicers or operations centers having information that must be communicated to the 3rd party loan payment facilitator 26.
  • [0072]
    The data from each of the loan servicers 24 is received by 3rd party loan payment facilitator 26 using appropriate communications and processing software, which is illustrated in flow chart form in FIG. 5. This software is capable of receiving data from a plurality of loan servicers or operations centers. A log of records received from each loan servicer is also generated and stored with the 3rd party loan payment facilitator 26. As seen in FIG. 5, the process begins with the initiation of a daily download in block 500. The software retrieves from the loan servicer 24 the required data elements extracted from the loan servicer's records (FIG. 4, block 404) in block 502. If the transmission fails in block 504, control returns to block 500 and the download session is repeated. Upon a successful transmission, the extracted data is saved in block 506 and converted to an appropriate format in block 508 for storage in a database at the third party loan payment facilitator's 26 location. The data may also be saved to a back-up log for subsequent recovery or verification purposes. The data formatting used by each of the loan servicers 24 may or may not correspond to each other and to the format used by 3rd party loan payment facilitator 26. Therefore, when an incompatible data format is used, the 3rd party loan payment facilitator 26 first converts the information into a format compatible with the third party loan payment facilitator's 26 database system.
  • [0073]
    Once the software receives, converts and stores data from all loan servicers 24 or from all operations centers of geographically dispersed loan servicers, the data is converted and aggregated into a suitable format for communication to ATM network 8 (FIG. 2) as shown in block 510. In the most preferred embodiment of the present invention, the data is converted to an ANSI X.9, ANSI X.12, or ISO 8583 format, which are commonly used for ATM network data. While the above process is the preferred method in accordance with the present invention of receiving and processing the debt related information, it is to be understood by those of skill in the art that the data retrieval, formatting, and storage can be modified as desired. The primary objective achieved by the present invention is the retrieval of information of one or more loan servicers and the conversion of this information into a form that can be readily processed by an ATM transaction network to permit a user of the ATM network to view this data or to initiate a transaction in response to this data.
  • [0074]
    This data is then communicated in block 512 to ATM network 8 through a communication path 31, for example. In accordance with the present invention, the totality of this data can be downloaded to transaction processor 14 so that it is readily available when a consumer initiates a debt payment transaction using ATM network 8, or it may be stored in a database at the 3rd party loan payment facilitator's 26 location and single data records can be transferred to the ATM network 8 as required in response to a request from the transaction processor 14. This data is then used by the transaction processor 14 in the fashion described above in connection with FIGS. 2 and 3 to process debt payment requests initiated by a consumer. If the data is found to be successfully transmitted to the transaction processor 14 in block 514, the process terminates in block 516. If a transmission error is determined in block 514, then the process returns to block 512 and the data is retransmitted to the ATM processors until a successful transmission is achieved.
  • [0075]
    The 3rd party loan payment facilitator 26 software further operates to receive a record of each debt payment transaction processed by the transaction processor 14, either on a transaction-by-transaction basis or in bulk form at the end of each business day. A flowchart of this portion of the software is shown in FIG. 6. The process begins in block 600 with the initiation of a download process. The software receives information for all successfully completed transactions in block 602. Table II includes an example of the data that is received in accordance with the present invention from transaction processor 14.
    TABLE II
    TRANSACTION DATA RECEIVED FROM PROCESSOR
    Data Element Description
    Date Payment Received Date Payment Received
    Total Amount of Total Amount of Payment
    Payment
    Servicer Identification Means by which 3rd party loan payment
    Number facilitator uniquely identifies its customers
    Site Identification Means by which 3rd party loan payment
    Number facilitator identifies sub-components of its
    customers
    Loan Identifier Servicer's unique loan identifier/Loan
    Number associated with payment
    P&I Routing Number ACH routing number to which P&I portion of
    payment was sent
    P&I Account Number Account number to which P&I portion of
    payment was sent
    P&I Deposit Amount Amount of payment deposited to P&I account
    T&I Routing Number ACH routing number to which T&I portion of
    payment was sent
    T&I Account Number Account number to which T&I portion of
    payment was sent
    T&I Deposit Amount Amount of payment deposited to T&I
    Account
    MIP Routing Number ACH routing number to which MIP portion
    of payment was sent
    MIP Account Number Account number to which MIP portion of
    payment was sent
    MIP Deposit Amount Amount of payment deposited to MIP
    Account
    Fees and Penalties ACH routing number to which fees and
    Routing Number penalties portion of payment was sent
    Fees and Penalties Account number to which fees and penalties
    Account Number portion of payment was sent
    Fees and Penalties Amount of payment deposited to fees and
    Deposit Amount penalties account
  • [0076]
    If the transmission fails in block 604, the process returns to block 600, where the download procedure is retried. Upon successful transmission of the data, the process proceeds to block 606, where the downloaded data is saved. In block 608, the transaction records are disaggregated by loan servicer. From this information, detailed records of the amount of funds transferred for each outstanding obligation are received and this information can be compared with the records received from the loan servicer 24 and appropriate entries made to indicate that certain debt obligations have been paid.
  • [0077]
    Next, in block 610, the 3rd party loan payment facilitator 26 software formats this information into a suitable form and forwards, in block 612, suitable information to the loan servicers 24 sufficient to identify the transactions completed for the given reporting period. In the event that no transactions have been processed for a particular loan servicer 24, this information is also forwarded to the loan servicer 24 to confirm that no transactions in fact occurred. If the transmission is found to be successful in block 614, then the process ends in block 616. Otherwise, control returns to block 612, where the transmission to the loan servicers 24 is retried.
  • [0078]
    Referring to FIG. 7, upon receipt of this information in block 700, loan servicer 24 will save the information in block 702 and update its customer records in block 704 to reflect the payments processed by the ATM network 8, and will further use this information to aid in the settlement verification process and reconciliation of its bank accounts with loan servicer's bank 22. Furthermore, with this timely data, the loan servicers 24 can generate any necessary reports of transactions and current loan balances for forwarding to investors or secondary market agencies as required. Loan servicer 24 will then prepare the data for download the following day to the 3rd party loan payment facilitator in block 706.
  • [0079]
    In accordance with the present invention, appropriate modifications are made to the ATM network 8, and specifically to the ATM network access device, or ATM terminal, 15 shown in FIG. 1. Exemplary screen displays that may be used in accordance with the present invention, and a flow diagram of such screens are provided as Appendix A attached hereto. A consumer electing to make a loan or debt payment or inquiry through an ATM selects an appropriate option from the ATM functional menu, after first having passed through the standard access requirements (i.e., inserting a magnetic-stripe ATM/debit card and entering an associated PIN). Once access has been gained, the consumer selects a payment option from the ATM functional menu, then selects the type of payment (i.e., mortgage, auto, home equity, credit card, other), elects to either make a payment or receive loan balance information only, and completes the transaction by responding to a series of prompts displayed on the ATM screens. If the user elects to receive loan balance information only, this information is retrieved as described above and provided to the user on a display portion of the ATM network access device or alternatively provided to the user in the form of a written receipt printed by the ATM network access device.
  • [0080]
    If payment is the option selected, the amount of the payment due and the name of the payee is displayed to the consumer for verification. The consumer is further given the option of paying additional funds to be applied to the loan principal balance, by keying the total dollar amount to be paid through the numeric key pad incorporated into all ATMs. In the most preferred embodiment, the invention will not allow the consumer to remit a payment amount less than the minimum payment due as displayed on-screen to the consumer. Once the consumer is satisfied that the amount to be remitted for loan payment is correct, the consumer elects to send the payment, again responding to a system prompt. If adequate funds are available in the consumer's transaction account to cover the amount of the payment, the consumer is given a receipt evidencing the transaction, and is returned to the ATM's main display screen for additional transactions. If sufficient funds are not available for the payment amount entered, the consumer is advised of the condition, the payment transaction is terminated, and the consumer is returned to the ATM's main display screen for additional transactions.
  • [0081]
    Although the invention has been described with reference to specific embodiments, various modifications of the disclosed embodiments as well as other embodiments of the invention will become apparent to persons skilled in the art on reference to the detailed description of the invention contained herein. Accordingly, the claims of the present application should not be limited to the specific preferred embodiments described.

Claims (16)

    I claim:
  1. 1. A method of processing a debt payment on a consumer debt obligation using an ATM network comprising the steps of:
    communicating consumer debt obligation information for at least one consumer debt obligation from at least one debt servicer responsible for said at least one consumer debt obligation to a third party payment facilitator when a consumer has indicated to the at least one debt servicer that the consumer elects to use the third party payment facilitator to effect future payments over an ATM network;
    storing said consumer debt obligation information in a computer database separate from said at least one debt servicer;
    receiving command information with an ATM network access device from the consumer sufficient to identify the consumer debt obligation;
    accessing said consumer debt obligation information to retrieve at least a portion of said consumer debt obligation information corresponding to said command information; and
    transmitting said portion of said consumer debt obligation information to a transaction processor associated with the ATM network to facilitate a transaction requesting that funds be transferred from an account associated with said consumer to at least one account at a banking institution associated with said at least one debt servicer whereby a payment on the consumer debt obligation is made.
  2. 2. The method of claim 1 wherein said at least one banking institution comprises a first banking institution and a second banking institution, and wherein a first portion of said funds is transferred to an account at said first banking institution and a second portion of said funds is transferred to an account at said second banking institution.
  3. 3. The method of claim 1 further comprising the step of converting said consumer debt obligation information communicated in a first data format from said at least one debt servicer into a second data format.
  4. 4. The method of claim 3 wherein said first data format is incompatible with the ATM network and said second data format is compatible with said ATM network.
  5. 5. The method of claim 3 wherein said second data format complies with one of the ANSI X.9, ANSI X.12, and ISO 8583 standards.
  6. 6. The method of claim 1 further comprising the step of verifying that sufficient funds are present in said account associated with said consumer to satisfy said consumer debt obligation.
  7. 7. The method of claim 1 further comprising the steps of receiving a confirmation record from said transaction processor, said confirmation record indicating that said funds have been transferred, and modifying said computer database in response to said confirmation record.
  8. 8. The method of claim 7 further comprising the step of transmitting a confirmation record to said at least one debt servicer institution through a communications path separate from said ATM network.
  9. 9. A method for providing information concerning a consumer debt obligation to a consumer of an ATM network comprising the steps of:
    communicating consumer debt obligation information for at least one consumer debt obligation from at least one debt servicer responsible for said at least one consumer debt obligation to a third party payment facilitator when a consumer has indicated to the at least one debt servicer that the consumer elects to use the third party payment facilitator;
    storing said consumer debt obligation information in a computer database separate from said at least one debt servicer;
    receiving commands with an ATM network access device from the consumer identifying the consumer debt obligation and the information about said consumer debt obligation desired by the consumer;
    accessing said computer database in response to said commands to retrieve at least a portion of said consumer debt obligation information from said database;
    transmitting said portion of said consumer debt obligation information through said ATM network to said ATM network access device; and
    providing, through said ATM network access device, said portion of said consumer debt obligation information to the user.
  10. 10. A system for processing a debt payment on a consumer debt obligation using an ATM network comprising:
    debt servicer access means for communicating consumer debt obligation information for at least one consumer debt obligation from at least one debt servicer responsible for said at least one consumer debt obligation to a third party payment facilitator when a consumer has indicated to the at least one debt servicer that the consumer elects to use the third party payment facilitator;
    storage means connected with said debt servicer access means for storing said consumer debt obligation information in a computer database separate from said at least one debt servicer;
    ATM network access means connected with said storage means for transferring at least a portion of said consumer debt obligation information to an ATM network.
  11. 11. The system of claim 10 further comprising conversion means connected between said debt servicer access means and said storage means for converting said
    consumer debt obligation information communicated from said at least one debt servicer from a first format compatible with said at least one debt servicer to a second format compatible with said ATM network.
  12. 12. The system of claim 11 wherein said second format complies with one of the ANSI X.9, ANSI X.12, and ISO 8583 standards.
  13. 13. The system of claim 10 wherein said at least one debt servicer comprises a first debt servicer and a second debt servicer, and wherein said consumer debt obligation information communicated from said first debt servicer is in a first format and said consumer debt obligation information communicated from said second debt servicer is in a second format different from said first format.
  14. 14. The system of claim 10 further comprising:
    input means for receiving commands using an ATM network access device from a user identifying the consumer debt obligation and the consumer debt obligation information desired by the user;
    database accessing means connected with said input means and said ATM network access means for accessing said computer database in response to said commands to retrieve at least a portion of said consumer debt obligation information from said database;
    transmission means connected with said database accessing means for transmitting said portion of said consumer debt obligation information through said ATM network to said ATM network access device; and
    information providing means connected with said transmission means for providing, through said ATM network access device, said portion of said consumer debt obligation information to the user.
  15. 15. The system of claim 10 further comprising:
    input means for receiving commands using an ATM network access device from a user identifying the consumer debt obligation;
    database accessing means connected with said input means and said ATM network access means for accessing said computer database in response to said commands to retrieve at least a portion of said consumer debt obligation information from said database;
    transmission means connected with said database accessing means for transmitting said portion of said consumer debt obligation information to a transaction processor associated with the ATM network to facilitate a transaction requesting that funds be transferred from an account associated with said consumer to an account at a banking institution associated with said at least one debt servicer.
  16. 16. A method of providing a reminder of a payment due on a debt obligation to a consumer using an ATM terminal during an ATM transaction session comprising the steps of:
    communicating consumer debt obligation information from at least one debt servicer responsible for said debt obligation to a third party payment facilitator when the consumer has indicated to the at least one debt servicer that the consumer elects to use the third party payment facilitator;
    accessing through an ATM network, in response to initiation of the ATM transaction session by the consumer, a database including the consumer debt obligation information said consumer debt obligation information including at least a payment due date, said database being associated with the third party payment facilitator;
    retrieving from said database, said payment due date for said consumer debt obligation; and
    displaying on the ATM terminal an indication that a payment is due in response to said payment due date for said consumer debt obligation.
US10042690 1997-10-03 2003-06-19 Automated debt payment system and method using atm network Abandoned US20040199467A1 (en)

Priority Applications (3)

Application Number Priority Date Filing Date Title
US08943284 US6304860B1 (en) 1997-10-03 1997-10-03 Automated debt payment system and method using ATM network
US09745406 US20010001148A1 (en) 1997-10-03 2000-12-26 Automated debt payment system and method using ATM network
US10042690 US20040199467A1 (en) 1997-10-03 2003-06-19 Automated debt payment system and method using atm network

Applications Claiming Priority (1)

Application Number Priority Date Filing Date Title
US10042690 US20040199467A1 (en) 1997-10-03 2003-06-19 Automated debt payment system and method using atm network

Related Parent Applications (1)

Application Number Title Priority Date Filing Date
US09745406 Continuation US20010001148A1 (en) 1997-10-03 2000-12-26 Automated debt payment system and method using ATM network

Publications (1)

Publication Number Publication Date
US20040199467A1 true true US20040199467A1 (en) 2004-10-07

Family

ID=25479377

Family Applications (3)

Application Number Title Priority Date Filing Date
US08943284 Expired - Fee Related US6304860B1 (en) 1997-10-03 1997-10-03 Automated debt payment system and method using ATM network
US09745406 Abandoned US20010001148A1 (en) 1997-10-03 2000-12-26 Automated debt payment system and method using ATM network
US10042690 Abandoned US20040199467A1 (en) 1997-10-03 2003-06-19 Automated debt payment system and method using atm network

Family Applications Before (2)

Application Number Title Priority Date Filing Date
US08943284 Expired - Fee Related US6304860B1 (en) 1997-10-03 1997-10-03 Automated debt payment system and method using ATM network
US09745406 Abandoned US20010001148A1 (en) 1997-10-03 2000-12-26 Automated debt payment system and method using ATM network

Country Status (2)

Country Link
US (3) US6304860B1 (en)
WO (1) WO1999018529A1 (en)

Cited By (9)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US20020116345A1 (en) * 2001-02-20 2002-08-22 Harrison Keith Alexander Apparatus for credential authorisation
US20020152180A1 (en) * 1999-09-10 2002-10-17 Paul Turgeon System and method for performing secure remote real-time financial transactions over a public communications infrastructure with strong authentication
US20080133409A1 (en) * 2006-11-14 2008-06-05 Richard Mitchell Eastley Payment processing system debt conversion notification
WO2011028139A1 (en) * 2009-09-07 2011-03-10 Kiwibank Limited Information exchange system
US20120116971A1 (en) * 2010-11-08 2012-05-10 Bank Of America Corporation Processing loan transactions
US8510187B1 (en) * 2010-02-19 2013-08-13 Intuit Inc. Intelligent tax refund allocation
US20140244312A1 (en) * 2013-02-22 2014-08-28 United Services Automobile Association Systems and methods for providing insurance information exchange
US20140279449A1 (en) * 2013-03-12 2014-09-18 Ford Global Technologies, Llc Automated vehicle loan payment reminders
GB2533432A (en) * 2014-12-18 2016-06-22 Ipco 2012 Ltd A device system, method and computer program product for processing electronic transaction requests

Families Citing this family (272)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US8121914B1 (en) * 1996-11-27 2012-02-21 Diebold, Incorporated Automated banking machine customer profile method
US7725393B2 (en) * 1996-11-27 2010-05-25 Diebold Self-Service Systems A Division Of Diebold, Incorporated Application service provider and automated transaction machine system and method
US7266526B1 (en) * 1996-11-27 2007-09-04 Diebold, Incorporated Automated banking machine system with multiple browsers
US7624050B1 (en) * 1996-11-27 2009-11-24 Diebold, Incorporated Automated banking machine apparatus and system
US6304860B1 (en) * 1997-10-03 2001-10-16 Joseph B. Martin, Jr. Automated debt payment system and method using ATM network
US7296004B1 (en) * 1997-12-19 2007-11-13 Checkfree Corporation Electronic bill payment system with merchant identification
US7711690B1 (en) 1998-01-21 2010-05-04 Checkfree Corporation Dual source remittance processing
US7340423B1 (en) * 1998-04-24 2008-03-04 First Data Corporation Method for defining a relationship between an account and a group
US20030171992A1 (en) 1999-04-23 2003-09-11 First Data Corporation System and methods for redeeming rewards associated with accounts
CA2403176A1 (en) 1999-04-23 2000-11-02 First Data Corporation Methods for processing a group of accounts corresponding to different products
US7076465B1 (en) * 1998-04-24 2006-07-11 First Data Corporation Methods for processing a group of accounts corresponding to different products
US7050996B1 (en) 1998-04-24 2006-05-23 First Data Corporation Method for linking accounts corresponding to different products together to create a group
US20030078864A1 (en) * 1998-07-17 2003-04-24 Hardesty Laurence D. Financial transaction system with saving benefit
US20100094735A1 (en) * 2006-11-15 2010-04-15 Charles Reynolds Methods and systems for automated payments
US8799153B2 (en) 1998-08-31 2014-08-05 Mastercard International Incorporated Systems and methods for appending supplemental payment data to a transaction message
US20070250442A1 (en) * 1998-08-31 2007-10-25 Hogan Edward J Financial Transaction Card With Installment Loan Feature
US6315193B1 (en) * 1998-08-31 2001-11-13 Mastercard International Incorporated Financial transaction card with installment loan feature
US7680734B1 (en) 1998-10-21 2010-03-16 Island Intellectual Property Llc Money fund banking system
US7536350B1 (en) 1998-10-21 2009-05-19 Island Intellectual Property Llc Systems and methods for providing enhanced account management services for multiple banks
CN1287640A (en) 1998-10-28 2001-03-14 维迪科隆有限公司 Apparatus and method for automated aggregation and delivery of electronic personal information or data
US7085997B1 (en) 1998-12-08 2006-08-01 Yodlee.Com Network-based bookmark management and web-summary system
US7752535B2 (en) 1999-06-01 2010-07-06 Yodlec.com, Inc. Categorization of summarized information
US8069407B1 (en) 1998-12-08 2011-11-29 Yodlee.Com, Inc. Method and apparatus for detecting changes in websites and reporting results to web developers for navigation template repair purposes
US7672879B1 (en) 1998-12-08 2010-03-02 Yodlee.Com, Inc. Interactive activity interface for managing personal data and performing transactions over a data packet network
US8165958B1 (en) 1999-03-26 2012-04-24 Metavante Corporation Electronic bill presentation and payment method and system
EP1049056A3 (en) * 1999-04-26 2001-06-13 CheckFree Corporation Electronic bill presentment and/or payment clearinghouse
US8498902B1 (en) * 1999-04-28 2013-07-30 Citicorp Development Center, Inc. Process and system for the clearing and settling of transactions
US6609113B1 (en) 1999-05-03 2003-08-19 The Chase Manhattan Bank Method and system for processing internet payments using the electronic funds transfer network
US7555450B2 (en) * 1999-06-04 2009-06-30 Alternative Financial Solutions Llc Process for seeking authorization for present receipt of legal tender and associated system
US20020184152A1 (en) * 1999-06-30 2002-12-05 Martin David A. Method and device for preventing check fraud
WO2001003079A1 (en) * 1999-07-06 2001-01-11 Amdahl Corporation Pooled resource e-value multiple provider systems
US7444334B1 (en) * 1999-09-10 2008-10-28 Foundation Ip, Llc Transaction-based object-oriented multipart database method and apparatus
US7664703B2 (en) * 1999-10-26 2010-02-16 The Western Union Company Value transfer systems and methods
US7603311B1 (en) 1999-11-29 2009-10-13 Yadav-Ranjan Rani K Process and device for conducting electronic transactions
US7849009B2 (en) * 1999-12-29 2010-12-07 The Western Union Company Methods and apparatus for mapping sources and uses of consumer funds
US8078527B2 (en) 1999-12-29 2011-12-13 The Western Union Company Methods and systems for actively optimizing a credit score and managing/reducing debt
US20030208445A1 (en) * 1999-12-29 2003-11-06 Craig Compiano Method and apparatus for mapping sources and uses of consumer funds
US7366695B1 (en) * 2000-02-29 2008-04-29 First Data Corporation Electronic purchase method and funds transfer system
US20030126075A1 (en) * 2001-11-15 2003-07-03 First Data Corporation Online funds transfer method
US7412422B2 (en) 2000-03-23 2008-08-12 Dekel Shiloh Method and system for securing user identities and creating virtual users to enhance privacy on a communication network
US7848972B1 (en) 2000-04-06 2010-12-07 Metavante Corporation Electronic bill presentment and payment systems and processes
JP2001290874A (en) * 2000-04-07 2001-10-19 Nec Corp Method and system for money reception management
US7127406B2 (en) * 2000-04-20 2006-10-24 Triola C Richard Method and apparatus for processing escrow transactions
US7565326B2 (en) * 2000-05-25 2009-07-21 Randle William M Dialect independent multi-dimensional integrator using a normalized language platform and secure controlled access
US7191149B1 (en) * 2000-06-05 2007-03-13 Alternative Financial Solutions, Llc Process for seeking authorization for present receipt of legal tender and associated system
US7797207B1 (en) * 2000-07-24 2010-09-14 Cashedge, Inc. Method and apparatus for analyzing financial data
US8145567B2 (en) * 2000-10-31 2012-03-27 Wells Fargo Bank, N.A. Transaction ID system and process
FR2818776B1 (en) * 2000-11-24 2003-03-28 Optima Direct Method for control of the use of information transmission system presented in the form of matrix codes
US20020116321A1 (en) * 2000-12-27 2002-08-22 Arehart Kurt L. Systems and methods for optimizing use of mortgage insurance based upon projections of future home equity
US7072842B2 (en) * 2001-01-08 2006-07-04 P5, Inc. Payment of health care insurance claims using short-term loans
EP1366450B1 (en) 2001-01-15 2006-07-12 alphyra GmbH System for vending prepaid products
US7567937B2 (en) * 2001-01-17 2009-07-28 Xprt Ventures, Llc System and method for automatically effecting payment for a user of an electronic auction system
US7483856B2 (en) 2001-01-17 2009-01-27 Xprt Ventures, Llc System and method for effecting payment for an electronic auction commerce transaction
US7610244B2 (en) * 2001-01-17 2009-10-27 Xprt Ventures, Llc System and method for effecting payment for an item offered for an electronic auction sale
US7627528B2 (en) 2001-01-17 2009-12-01 Xprt Ventures, Llc System and method for effecting a real-time payment for an item won on an electronic auction
US20020111886A1 (en) * 2001-02-12 2002-08-15 Chenevich William L. Payment management
US20020178138A1 (en) * 2001-03-15 2002-11-28 Semiconductor Components Industries, Llc Synergistic directory-based information management system and method of using
US20020152124A1 (en) * 2001-04-10 2002-10-17 Javier Guzman Methods and systems for remote point-of-sale funds transfer
US7899742B2 (en) * 2001-05-29 2011-03-01 American Express Travel Related Services Company, Inc. System and method for facilitating a subsidiary card account
US7188083B2 (en) * 2001-06-07 2007-03-06 Fairshare, Llc System for and method of rapid collection of income taxes
US6889200B2 (en) * 2001-06-07 2005-05-03 Fairshare, Llc Rapid tax collection system and method for debit-type transactions
US8433627B2 (en) * 2001-06-07 2013-04-30 Fairshare, Llc Rapid tax collection system and method
US7146338B2 (en) * 2001-06-28 2006-12-05 Checkfree Services Corporation Inter-network financial service
US7523066B2 (en) * 2001-07-20 2009-04-21 General Electric Captical Corporation Apparatus and method for facilitating communication for borrowers and investors regarding commercial mortgages
US7539639B2 (en) * 2001-10-15 2009-05-26 Intel Corporation Exchange of information
US20030078868A1 (en) * 2001-10-23 2003-04-24 Ruey-Tong Cheng Process and equipment therein collaboratively create value for e-business
DE50107856D1 (en) * 2001-11-08 2005-12-01 Siemens Ag A method for enabling and performing a monetary payment using a communication network
US7263493B1 (en) 2002-01-11 2007-08-28 P5, Inc. Delivering electronic versions of supporting documents associated with an insurance claim
US7346523B1 (en) 2002-01-11 2008-03-18 P5, Inc. Processing an insurance claim using electronic versions of supporting documents
US7587361B2 (en) * 2002-01-31 2009-09-08 Ge Mortgage Holdings, Llc Methods and apparatus for electronic reporting of mortgage delinquency
US6993510B2 (en) * 2002-03-05 2006-01-31 First Data Corporation System and method for managing accounts
US9569797B1 (en) 2002-05-30 2017-02-14 Consumerinfo.Com, Inc. Systems and methods of presenting simulated credit score information
US9710852B1 (en) 2002-05-30 2017-07-18 Consumerinfo.Com, Inc. Credit report timeline user interface
US9400589B1 (en) 2002-05-30 2016-07-26 Consumerinfo.Com, Inc. Circular rotational interface for display of consumer credit information
US20030236749A1 (en) * 2002-06-21 2003-12-25 Shergalis Edward Anthony Automated lottery system and method using ATM network
US20040019543A1 (en) * 2002-07-25 2004-01-29 First Data Corporation Systems and methods for non-account based liability reporting
US9443268B1 (en) 2013-08-16 2016-09-13 Consumerinfo.Com, Inc. Bill payment and reporting
US7792716B2 (en) * 2002-10-31 2010-09-07 Federal Reserve Bank Of Atlanta Searching for and identifying automated clearing house transactions by transaction type
US7330835B2 (en) * 2002-10-31 2008-02-12 Federal Reserve Bank Of Minneapolis Method and system for tracking and reporting automated clearing house transaction status
US20040088248A1 (en) * 2002-11-04 2004-05-06 First Data Corporation Systems and methods for implementing a grace period in electronic transfers
US20040111361A1 (en) * 2002-11-15 2004-06-10 Automatic Data Processing, Inc. System and method for value delivery
US7567925B2 (en) 2002-11-22 2009-07-28 Imagevision.Net Point of service transaction management for service facilities
US7309003B2 (en) * 2002-12-13 2007-12-18 First Data Corporation Credit card account payment systems and methods
CA2509648A1 (en) * 2002-12-16 2004-07-15 Peregrin Technologies, Inc. A currency dispense and control system with anti-theft features
US20040128247A1 (en) * 2002-12-20 2004-07-01 Hitachi., Ltd. Bank system program, credit service program and IC card
US20050102226A1 (en) * 2002-12-30 2005-05-12 Dror Oppenheimer System and method of accounting for mortgage related transactions
US7593889B2 (en) * 2002-12-30 2009-09-22 Fannie Mae System and method for processing data pertaining to financial assets
WO2004061557A3 (en) * 2002-12-30 2005-08-11 Fannie Mae System and method for creating and tracking agreements for selling loans to a secondary market purchaser
WO2004061556A3 (en) 2002-12-30 2005-09-15 Fannie Mae System and method of processing data pertaining to financial assets
US8666879B1 (en) 2002-12-30 2014-03-04 Fannie Mae Method and system for pricing forward commitments for mortgage loans and for buying committed loans
WO2004061748A1 (en) * 2002-12-30 2004-07-22 Fannie Mae System and method for defining loan products
WO2004061566A3 (en) * 2002-12-30 2005-01-06 Fannie Mae System and method for verifying loan data at delivery
US7885889B2 (en) * 2002-12-30 2011-02-08 Fannie Mae System and method for processing data pertaining to financial assets
WO2004061564A3 (en) * 2002-12-30 2006-06-15 Fannie Mae System and method for pricing loans in the secondary mortgage market
WO2004061565A3 (en) * 2002-12-30 2005-02-17 Fannie Mae System and method for facilitating sale of a loan to a secondary market purchaser
US20040128230A1 (en) 2002-12-30 2004-07-01 Fannie Mae System and method for modifying attribute data pertaining to financial assets in a data processing system
US7742981B2 (en) * 2002-12-30 2010-06-22 Fannie Mae Mortgage loan commitment system and method
US20050049964A1 (en) * 2003-01-14 2005-03-03 Winterer Mary Jo Financial transaction card with automatic payment feature
US7062463B2 (en) * 2003-03-31 2006-06-13 William Stephen Knapp System and method for enhancing financial institution revenues through acceleration of debit processing
US20040206816A1 (en) * 2003-04-21 2004-10-21 Kaushal Gokli Automated parking payment system using ATM network
US20040215560A1 (en) * 2003-04-25 2004-10-28 Peter Amalraj Integrated payment system and method
US8386377B1 (en) 2003-05-12 2013-02-26 Id Analytics, Inc. System and method for credit scoring using an identity network connectivity
US7686214B1 (en) 2003-05-12 2010-03-30 Id Analytics, Inc. System and method for identity-based fraud detection using a plurality of historical identity records
US7562814B1 (en) 2003-05-12 2009-07-21 Id Analytics, Inc. System and method for identity-based fraud detection through graph anomaly detection
US8156040B2 (en) * 2003-07-03 2012-04-10 Federal Reserve Bank Of Minneapolis Method and system for conducting international electronic financial transactions
US20050015332A1 (en) * 2003-07-18 2005-01-20 Grace Chen Cashless payment system
US7949594B2 (en) 2003-09-26 2011-05-24 First Data Corporation Systems and methods for participant controlled communications regarding financial accounts
US8417636B2 (en) 2003-09-30 2013-04-09 Federal Reserve Bank Of Atlanta Approving ACH operator processing of ACH payments based on an originating depository financial institution's approved originator list
US8543477B2 (en) 2003-09-30 2013-09-24 Federal Reserve Bank Of Atlanta Value tracking and reporting of automated clearing house transactions
US8015085B2 (en) 2003-11-14 2011-09-06 First Data Corporation System for distributing funds
US20050161502A1 (en) * 2004-01-27 2005-07-28 International Business Machines Corporation Remote terminal check payment with automated transmittal
US8033453B2 (en) * 2004-03-30 2011-10-11 Diebold Self-Service Systems, division of Diebold Incorporated ATMemo
CA2612618C (en) * 2004-07-05 2013-08-13 Bankinter S.A. Method for obtaining cash at cardless teller machines, using a payment order via sms
US20060015450A1 (en) * 2004-07-13 2006-01-19 Wells Fargo Bank, N.A. Financial services network and associated processes
US7881996B1 (en) 2004-08-03 2011-02-01 Federal Reserve Bank Of Atlanta Method and system for screening financial transactions
US7580886B1 (en) 2004-09-15 2009-08-25 Federal Reserve Bank Of Atlanta Managing foreign payments in an international ACH
US20060085335A1 (en) * 2004-10-19 2006-04-20 First Data Corporation Point of sale systems and methods for consumer bill payment
US8152054B2 (en) 2004-10-19 2012-04-10 The Western Union Company Money transfer systems and methods
US20060095371A1 (en) * 2004-10-29 2006-05-04 Nixon Jean-Baptiste Strategic payment allocation system
US8719126B2 (en) * 2004-11-02 2014-05-06 John Ogilvie Funds collection tools and techniques
US20060149674A1 (en) * 2004-12-30 2006-07-06 Mike Cook System and method for identity-based fraud detection for transactions using a plurality of historical identity records
US20060178987A1 (en) * 2005-01-26 2006-08-10 Eric Ostergren Systems and methods for re-amortizing a borrower's monthly payment for collection and payment to a lender
US8186575B2 (en) * 2005-03-11 2012-05-29 Philip Carragher Controlling card-based mortgage computing
US20060265326A1 (en) * 2005-05-19 2006-11-23 Barrett Mary H Method and apparatus for payment without payment card infrastructure
US7676418B1 (en) * 2005-06-24 2010-03-09 Experian Information Solutions, Inc. Credit portfolio benchmarking system and method
US7753261B2 (en) * 2005-06-28 2010-07-13 Capital One Financial Corporation Systems and methods for automatically preventing delinquency of payment on financial accounts
US20070203829A1 (en) * 2005-07-13 2007-08-30 Charles Polanco System and methods for transmitting funds and instituting loans
US8672220B2 (en) 2005-09-30 2014-03-18 The Western Union Company Money transfer system and method
US20070100748A1 (en) * 2005-10-19 2007-05-03 Sanjeev Dheer Multi-channel transaction system for transferring assets between accounts at different financial institutions
US8025213B2 (en) * 2005-10-31 2011-09-27 Sandra Hartfield Automatic settlement of user account with creditor from transaction kiosk
US20070136115A1 (en) * 2005-12-13 2007-06-14 Deniz Senturk Doganaksoy Statistical pattern recognition and analysis
US8117116B2 (en) * 2005-12-27 2012-02-14 American Express Travel Related Services Company, Inc. Using a transaction card account to make recurring loan payments
JP2009521769A (en) * 2005-12-27 2009-06-04 ビザ ユー.エス.エー.インコーポレイティド Method and system for performing oligopolistic entities and transaction
US8280751B1 (en) 2005-12-29 2012-10-02 United Services Automobile Association (Usaa) System and method for reduced initial payment option
US20070162369A1 (en) * 2006-01-09 2007-07-12 Hardison Joseph H Iii Internet-based method of and system for transfering and exercising monetary rights within a financial marketplace
US8626626B2 (en) 2006-01-09 2014-01-07 Interest Capturing Systems, Llc Method of and system for capturing interest earned on the monetary value of transferred monetary rights managed on an internet-based monetary rights transfer (MRT) network supported by a real-time gross settlement (RTGS) system
US8027919B2 (en) * 2006-02-01 2011-09-27 Sean Macguire Method and apparatus for allowing secured overdrafts of reloadable debit card accounts
US20070198338A1 (en) * 2006-02-21 2007-08-23 First Data Corporation Customer selected coalition systems and methods
US20070203835A1 (en) * 2006-02-27 2007-08-30 Yigang Cai Automated teller service using wireless telephony
US20070278292A1 (en) * 2006-05-22 2007-12-06 Sean Macguire Retail cash product
CA2659999A1 (en) * 2006-08-04 2008-02-14 Money Network Financial, Llc Payer-based account porting to portable value distribution systems and methods
US8365987B2 (en) * 2006-08-23 2013-02-05 Money Network Financial, Llc Pre-allocated negotiable instrument and presentation instrument purchasing and activation systems and methods
US20080054063A1 (en) * 2006-08-31 2008-03-06 Macphail Stephen Neil Managing EMV applications at an IFX ATM
US7606752B2 (en) 2006-09-07 2009-10-20 Yodlee Inc. Host exchange in bill paying services
US8036979B1 (en) 2006-10-05 2011-10-11 Experian Information Solutions, Inc. System and method for generating a finance attribute from tradeline data
US7873200B1 (en) 2006-10-31 2011-01-18 United Services Automobile Association (Usaa) Systems and methods for remote deposit of checks
US7876949B1 (en) 2006-10-31 2011-01-25 United Services Automobile Association Systems and methods for remote deposit of checks
US7885451B1 (en) 2006-10-31 2011-02-08 United Services Automobile Association (Usaa) Systems and methods for displaying negotiable instruments derived from various sources
US8799147B1 (en) 2006-10-31 2014-08-05 United Services Automobile Association (Usaa) Systems and methods for remote deposit of negotiable instruments with non-payee institutions
US8423564B1 (en) * 2006-10-31 2013-04-16 Ncr Corporation Methods and apparatus for managing and updating stored information
US8351677B1 (en) 2006-10-31 2013-01-08 United Services Automobile Association (Usaa) Systems and methods for remote deposit of checks
US8708227B1 (en) 2006-10-31 2014-04-29 United Services Automobile Association (Usaa) Systems and methods for remote deposit of checks
US8286860B2 (en) * 2006-11-07 2012-10-16 Money Network Financial, Llc Negotiable instrument to presentation instrument value porting systems and methods
US20080140561A1 (en) * 2006-12-08 2008-06-12 Neel Gerald A Debit card method of making loan proceeds available quickly to a borrower
US7933835B2 (en) 2007-01-17 2011-04-26 The Western Union Company Secure money transfer systems and methods using biometric keys associated therewith
US8818904B2 (en) 2007-01-17 2014-08-26 The Western Union Company Generation systems and methods for transaction identifiers having biometric keys associated therewith
US20080194311A1 (en) * 2007-01-26 2008-08-14 Linq3 Systems and methods for providing lottery game play through an unmanned terminal
US7752107B1 (en) * 2007-02-28 2010-07-06 Island Intellectual Property Llc System and method for managing aggregated accounts
US8959033B1 (en) 2007-03-15 2015-02-17 United Services Automobile Association (Usaa) Systems and methods for verification of remotely deposited checks
US8504473B2 (en) 2007-03-28 2013-08-06 The Western Union Company Money transfer system and messaging system
US20080288400A1 (en) 2007-04-27 2008-11-20 Cashedge, Inc. Centralized Payment Method and System for Online and Offline Transactions
US20090276359A1 (en) * 2008-04-24 2009-11-05 Cashedge, Inc. Multi-Product-Multi-Channel Payment Platform System and Method
US8538124B1 (en) 2007-05-10 2013-09-17 United Services Auto Association (USAA) Systems and methods for real-time validation of check image quality
US8433127B1 (en) 2007-05-10 2013-04-30 United Services Automobile Association (Usaa) Systems and methods for real-time validation of check image quality
US8775279B2 (en) * 2007-06-07 2014-07-08 Money Network Financial, Llc Payroll receipt using a trustee account systems and methods
US20090076953A1 (en) * 2007-09-18 2009-03-19 First Data Corporation ATM/Debit Expedited Bill Payments
US9690820B1 (en) 2007-09-27 2017-06-27 Experian Information Solutions, Inc. Database system for triggering event notifications based on updates to database records
US9159101B1 (en) 2007-10-23 2015-10-13 United Services Automobile Association (Usaa) Image processing
US8358826B1 (en) 2007-10-23 2013-01-22 United Services Automobile Association (Usaa) Systems and methods for receiving and orienting an image of one or more checks
US9898778B1 (en) 2007-10-23 2018-02-20 United Services Automobile Association (Usaa) Systems and methods for obtaining an image of a check to be deposited
US9892454B1 (en) 2007-10-23 2018-02-13 United Services Automobile Association (Usaa) Systems and methods for obtaining an image of a check to be deposited
US8001051B1 (en) 2007-10-30 2011-08-16 United Services Automobile Association (Usaa) Systems and methods to modify a negotiable instrument
US8046301B1 (en) 2007-10-30 2011-10-25 United Services Automobile Association (Usaa) Systems and methods to modify a negotiable instrument
US7996316B1 (en) 2007-10-30 2011-08-09 United Services Automobile Association Systems and methods to modify a negotiable instrument
US7996314B1 (en) 2007-10-30 2011-08-09 United Services Automobile Association (Usaa) Systems and methods to modify a negotiable instrument
US8341046B2 (en) * 2007-10-30 2012-12-25 Visa U.S.A. Inc. Payment entity device reconciliation for multiple payment methods
US7996315B1 (en) 2007-10-30 2011-08-09 United Services Automobile Association (Usaa) Systems and methods to modify a negotiable instrument
US8311913B2 (en) 2007-10-30 2012-11-13 Visa U.S.A. Inc. Payment entity account set up for multiple payment methods
US8374932B2 (en) * 2007-10-30 2013-02-12 Visa U.S.A. Inc. Payment entity device transaction processing using multiple payment methods
US8290237B1 (en) 2007-10-31 2012-10-16 United Services Automobile Association (Usaa) Systems and methods to use a digital camera to remotely deposit a negotiable instrument
US8320657B1 (en) 2007-10-31 2012-11-27 United Services Automobile Association (Usaa) Systems and methods to use a digital camera to remotely deposit a negotiable instrument
US7896232B1 (en) 2007-11-06 2011-03-01 United Services Automobile Association (Usaa) Systems, methods, and apparatus for receiving images of one or more checks
US7900822B1 (en) 2007-11-06 2011-03-08 United Services Automobile Association (Usaa) Systems, methods, and apparatus for receiving images of one or more checks
US8127986B1 (en) 2007-12-14 2012-03-06 Consumerinfo.Com, Inc. Card registry systems and methods
US8694424B2 (en) 2007-12-18 2014-04-08 Federal Reserve Bank Of Atlanta System and method for managing foreign payments using separate messaging and settlement mechanisms
US8306912B2 (en) * 2007-12-19 2012-11-06 Metabank Private label promotion card system, program product, and associated computer-implemented methods
US8583515B2 (en) 2007-12-21 2013-11-12 Metabank Transfer account systems, computer program products, and associated computer-implemented methods
WO2009124262A1 (en) 2008-04-04 2009-10-08 Metabank System, program product and method for performing an incremental automatic credit line draw using a prepaid card
US8108279B2 (en) * 2007-12-21 2012-01-31 Metabank Computer-implemented methods, program product, and system to enhance banking terms over time
US8788414B2 (en) 2007-12-21 2014-07-22 Metabank Transfer account systems, computer program products, and computer-implemented methods to prioritize payments from preselected bank account
US8175962B2 (en) 2008-12-18 2012-05-08 Metabank Computerized extension of credit to existing demand deposit accounts, prepaid cards and lines of credit based on expected tax refund proceeds, associated systems and computer program products
US8090649B2 (en) 2008-12-18 2012-01-03 Metabank Computerized extension of credit to existing demand deposit accounts, prepaid cards and lines of credit based on expected tax refund proceeds, associated systems and computer program products
WO2009140520A1 (en) 2008-05-14 2009-11-19 Metabank A pre-paid card transaction computer to load a loan on a pre-paid card
WO2009092114A1 (en) * 2008-01-18 2009-07-23 Cashedge Inc. Real-time settlement of financial transactions using electronic fund transfer networks
US20090287562A1 (en) * 2008-02-02 2009-11-19 Peregrin Technologies, Inc. Anonymous merchant-customer loyalty rewards program
US8332321B2 (en) 2008-02-02 2012-12-11 Peregrin Technologies, Inc. Remote currency dispensation systems and methods
US8150764B2 (en) 2008-04-04 2012-04-03 Metabank System, program product, and method to authorize draw for retailer optimization
WO2009124264A1 (en) 2008-04-04 2009-10-08 Metabank System, program product, and method for debit card and checking account autodraw
US8261334B2 (en) 2008-04-25 2012-09-04 Yodlee Inc. System for performing web authentication of a user by proxy
US20090281946A1 (en) 2008-05-12 2009-11-12 Davis Peter A ACH Payment Processing
US8538879B2 (en) 2008-05-14 2013-09-17 Metabank System, program product, and computer-implemented method for loading a loan on an existing pre-paid card
US8351678B1 (en) 2008-06-11 2013-01-08 United Services Automobile Association (Usaa) Duplicate check detection
US8095443B2 (en) * 2008-06-18 2012-01-10 Consumerinfo.Com, Inc. Debt trending systems and methods
US9256904B1 (en) 2008-08-14 2016-02-09 Experian Information Solutions, Inc. Multi-bureau credit file freeze and unfreeze
WO2010022109A1 (en) * 2008-08-18 2010-02-25 Cashedge, Inc. Money movement network hub system
US8422758B1 (en) 2008-09-02 2013-04-16 United Services Automobile Association (Usaa) Systems and methods of check re-presentment deterrent
WO2010028266A1 (en) 2008-09-04 2010-03-11 Metabank System, program product and methods for retail activation and reload associated with partial authorization transactions
US8403211B2 (en) 2008-09-04 2013-03-26 Metabank System, program product and methods for retail activation and reload associated with partial authorization transactions
US8024242B2 (en) 2008-09-04 2011-09-20 Metabank System, method, and program product for foreign currency travel account
US7594821B1 (en) 2008-09-17 2009-09-29 Yazaki North America, Inc. Sealing gap formed by assembled connector parts
US7885880B1 (en) 2008-09-30 2011-02-08 United Services Automobile Association (Usaa) Atomic deposit transaction
US8275710B1 (en) 2008-09-30 2012-09-25 United Services Automobile Association (Usaa) Systems and methods for automatic bill pay enrollment
US7974899B1 (en) 2008-09-30 2011-07-05 United Services Automobile Association (Usaa) Atomic deposit transaction
US7962411B1 (en) 2008-09-30 2011-06-14 United Services Automobile Association (Usaa) Atomic deposit transaction
US8391599B1 (en) 2008-10-17 2013-03-05 United Services Automobile Association (Usaa) Systems and methods for adaptive binarization of an image
US7970677B1 (en) 2008-10-24 2011-06-28 United Services Automobile Association (Usaa) Systems and methods for financial deposits by electronic message
US7949587B1 (en) 2008-10-24 2011-05-24 United States Automobile Association (USAA) Systems and methods for financial deposits by electronic message
US8371502B1 (en) 2008-10-28 2013-02-12 Metabank Shopping center gift card offer fulfillment machine, program product, and associated methods
US8108977B1 (en) 2008-10-31 2012-02-07 Metabank Machine, methods, and program product for electronic order entry
US9213965B1 (en) 2008-11-26 2015-12-15 Metabank Machine, methods, and program product for electronic inventory tracking
US8286863B1 (en) 2009-02-04 2012-10-16 Metabank System and computer program product to issue a retail prepaid card including a user-designed external face using a chit and related computer implemented methods
US8452689B1 (en) 2009-02-18 2013-05-28 United Services Automobile Association (Usaa) Systems and methods of check detection
US8555359B2 (en) 2009-02-26 2013-10-08 Yodlee, Inc. System and methods for automatically accessing a web site on behalf of a client
WO2010132492A3 (en) 2009-05-11 2014-03-20 Experian Marketing Solutions, Inc. Systems and methods for providing anonymized user profile data
US8781931B1 (en) 2009-05-26 2014-07-15 Island Intellectual Property Llc Method and system for allocating deposits over a plurality of depository institutions
US8255296B2 (en) 2009-06-11 2012-08-28 Interest Capturing Systems, Llc System for implementing a security issuer rights management process over a distributed communications network, deployed in a financial marketplace
US8542921B1 (en) 2009-07-27 2013-09-24 United Services Automobile Association (Usaa) Systems and methods for remote deposit of negotiable instrument using brightness correction
US9779392B1 (en) 2009-08-19 2017-10-03 United Services Automobile Association (Usaa) Apparatuses, methods and systems for a publishing and subscribing platform of depositing negotiable instruments
US8977571B1 (en) 2009-08-21 2015-03-10 United Services Automobile Association (Usaa) Systems and methods for image monitoring of check during mobile deposit
US8699779B1 (en) 2009-08-28 2014-04-15 United Services Automobile Association (Usaa) Systems and methods for alignment of check during mobile deposit
US20110137771A1 (en) * 2009-12-04 2011-06-09 Guidewire Software, Inc. Method and Apparatus Pertaining to Provision and Use of a Unified Account Current and Statement Billing Workflow
US9129340B1 (en) 2010-06-08 2015-09-08 United Services Automobile Association (Usaa) Apparatuses, methods and systems for remote deposit capture with enhanced image detection
US9728039B2 (en) 2010-06-14 2017-08-08 Automated Cash Systems, Inc. Enabling financial transactions for electronic gaming machines
US8715066B2 (en) * 2010-06-14 2014-05-06 Automated Cash Systems, Llc System and method for electronic fund transfers for use with gaming systems
US9779397B2 (en) 2010-06-14 2017-10-03 Automated Cashless Systems, Inc. Transactional system and method for a table game
US9147042B1 (en) 2010-11-22 2015-09-29 Experian Information Solutions, Inc. Systems and methods for data verification
US9177157B2 (en) 2010-12-22 2015-11-03 May Patents Ltd. System and method for routing-based internet security
US8700510B2 (en) 2011-02-11 2014-04-15 Federal Reserve Bank Of Atlanta Redirecting or returning international credit transfers
US9558519B1 (en) 2011-04-29 2017-01-31 Consumerinfo.Com, Inc. Exposing reporting cycle information
US9607336B1 (en) 2011-06-16 2017-03-28 Consumerinfo.Com, Inc. Providing credit inquiry alerts
US8341074B1 (en) * 2011-08-04 2012-12-25 Reid Robert A Method and system for reducing the total interest paid on a debt
US9106691B1 (en) 2011-09-16 2015-08-11 Consumerinfo.Com, Inc. Systems and methods of identity protection and management
US8738516B1 (en) 2011-10-13 2014-05-27 Consumerinfo.Com, Inc. Debt services candidate locator
US9626664B2 (en) 2012-03-07 2017-04-18 Clearxchange, Llc System and method for transferring funds
US9853959B1 (en) 2012-05-07 2017-12-26 Consumerinfo.Com, Inc. Storage and maintenance of personal data
US8918891B2 (en) 2012-06-12 2014-12-23 Id Analytics, Inc. Identity manipulation detection system and method
US9824340B2 (en) 2012-09-04 2017-11-21 Linq3 Technologies Llc Processing of a user device game-playing transaction based on location
WO2014039568A1 (en) 2012-09-04 2014-03-13 Linq3 Technologies Llc Systems and methods for integrated game play through the use of barcodes on smart phones and hand held devices
US9672697B2 (en) 2012-09-04 2017-06-06 Linq3 Technologies Llc Processing of a mobile device game-playing transaction conducted between the mobile device and a bluetooth terminal
US8626659B1 (en) 2012-09-28 2014-01-07 Fiserv, Inc. Facilitating presentation of content relating to a financial transaction
US9654541B1 (en) 2012-11-12 2017-05-16 Consumerinfo.Com, Inc. Aggregating user web browsing data
US9916621B1 (en) 2012-11-30 2018-03-13 Consumerinfo.Com, Inc. Presentation of credit score factors
CN103093337A (en) * 2012-12-25 2013-05-08 远光软件股份有限公司 Data processing system capable of combining and separating payment records
US20150012422A1 (en) * 2013-03-14 2015-01-08 Bill.Com, Inc. System and method for scanning and processing of payment documentation in an integrated partner platform
WO2014112986A1 (en) * 2013-01-15 2014-07-24 Co-Op Financial Services Apparatus and methods for conducting atm transactions
US9697263B1 (en) 2013-03-04 2017-07-04 Experian Information Solutions, Inc. Consumer data request fulfillment system
US9870589B1 (en) 2013-03-14 2018-01-16 Consumerinfo.Com, Inc. Credit utilization tracking and reporting
US9406085B1 (en) 2013-03-14 2016-08-02 Consumerinfo.Com, Inc. System and methods for credit dispute processing, resolution, and reporting
US20150106132A1 (en) * 2013-10-15 2015-04-16 Bank Of America Corporation Processing insurance payments
US9343222B2 (en) 2013-10-17 2016-05-17 Waukesha Electric Systems, Inc. Insulation for power transformers
US9286514B1 (en) 2013-10-17 2016-03-15 United Services Automobile Association (Usaa) Character count determination for a digital image
US9477737B1 (en) 2013-11-20 2016-10-25 Consumerinfo.Com, Inc. Systems and user interfaces for dynamic access of multiple remote databases and synchronization of data based on user rules
USD759690S1 (en) 2014-03-25 2016-06-21 Consumerinfo.Com, Inc. Display screen or portion thereof with graphical user interface
USD760256S1 (en) 2014-03-25 2016-06-28 Consumerinfo.Com, Inc. Display screen or portion thereof with graphical user interface
USD759689S1 (en) 2014-03-25 2016-06-21 Consumerinfo.Com, Inc. Display screen or portion thereof with graphical user interface
US9892457B1 (en) 2014-04-16 2018-02-13 Consumerinfo.Com, Inc. Providing credit data in search results
US9576030B1 (en) 2014-05-07 2017-02-21 Consumerinfo.Com, Inc. Keeping up with the joneses
US9984423B2 (en) 2014-08-13 2018-05-29 Bank Of America Corporation Hybrid electronic lockbox
US9374370B1 (en) 2015-01-23 2016-06-21 Island Intellectual Property, Llc Invariant biohash security system and method
US9792752B1 (en) * 2016-04-15 2017-10-17 Bank Of America Corporation Banking systems controlled by data bearing records
US9715793B1 (en) 2016-04-15 2017-07-25 Bank Of America Corporation Banking systems controlled by data bearing records
US9747758B1 (en) 2016-04-15 2017-08-29 Bank Of America Corporation Banking systems controlled by data bearing records

Citations (70)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US4321672A (en) * 1979-11-26 1982-03-23 Braun Edward L Financial data processing system
US4625276A (en) * 1983-08-31 1986-11-25 Vericard Corporation Data logging and transfer system using portable and resident units
US4689478A (en) * 1984-12-24 1987-08-25 Ncr Corporation System for handling transactions including a portable personal terminal
US4694397A (en) * 1984-12-27 1987-09-15 The Advest Group, Inc. Banking/brokerage computer interface system
US4823264A (en) * 1986-05-27 1989-04-18 Deming Gilbert R Electronic funds transfer system
US4947028A (en) * 1988-07-19 1990-08-07 Arbor International, Inc. Automated order and payment system
US5008927A (en) * 1988-05-05 1991-04-16 Transaction Technology, Inc. Computer and telephone apparatus with user friendly computer interface integrity features
US5025373A (en) * 1988-06-30 1991-06-18 Jml Communications, Inc. Portable personal-banking system
US5050207A (en) * 1989-11-03 1991-09-17 National Transaction Network, Inc. Portable automated teller machine
US5135212A (en) * 1989-02-20 1992-08-04 Hitachi, Ltd. Method of and apparatus for optimizing transference of supplementary paper money in automatic teller machine by monitoring the paper money processing operation
US5144115A (en) * 1990-01-29 1992-09-01 Hi Tachi, Ltd. Transaction inquiring method and apparatus
US5146066A (en) * 1989-12-27 1992-09-08 Societe D'applications Generales D'eleciricite Et De Mecanique Sagem Bill publishing apparatus
US5175416A (en) * 1989-10-06 1992-12-29 Mansvelt Andre Peter Funds transfer system
US5177342A (en) * 1990-11-09 1993-01-05 Visa International Service Association Transaction approval system
US5184000A (en) * 1987-11-13 1993-02-02 Hitachi, Ltd. Automatic cash handling system offering optional printed record
US5189287A (en) * 1989-06-23 1993-02-23 Raoul Parienti System for inputting, processing and transmitting information and data
US5191193A (en) * 1989-10-13 1993-03-02 Gemplus Card International System of payment or information transfer by money card with electronic memory
US5214269A (en) * 1989-03-17 1993-05-25 Hitachi, Ltd. Method for performing transaction
US5220501A (en) * 1989-12-08 1993-06-15 Online Resources, Ltd. Method and system for remote delivery of retail banking services
US5220157A (en) * 1991-09-24 1993-06-15 Tidel Engineering, Inc. Scrip controlled cash dispensing system
US5237159A (en) * 1991-07-17 1993-08-17 J. D. Carreker And Associates Electronic check presentment system
US5245164A (en) * 1990-04-03 1993-09-14 Omron Corporation Transaction processing apparatus
US5253167A (en) * 1989-06-15 1993-10-12 Hitachi, Ltd. Remote maintenance/supervisory system and method for automated teller machines
US5256862A (en) * 1990-09-28 1993-10-26 Kabushiki Kaisha Toshiba Cash managing system
US5258908A (en) * 1990-11-02 1993-11-02 Foreign Exchange Transaction Services, Inc. Detection and prevention of duplicate trading transactions over a communications network
US5265008A (en) * 1989-11-02 1993-11-23 Moneyfax, Inc. Method of and system for electronic funds transfer via facsimile with image processing verification
US5265033A (en) * 1991-09-23 1993-11-23 Atm Communications International, Inc. ATM/POS based electronic mail system
US5265007A (en) * 1988-06-07 1993-11-23 Huntington Bancshares Incorporated Central check clearing system
US5315511A (en) * 1989-04-21 1994-05-24 Hitachi, Ltd. Method of determining the acceptability of a request to preengage receipt and/or payment of money in an ATM system using the same
US5324922A (en) * 1993-02-25 1994-06-28 Verifone, Inc. Apparatus and method for managing transactions
US5326959A (en) * 1992-08-04 1994-07-05 Perazza Justin J Automated customer initiated entry remittance processing system
US5326960A (en) * 1992-11-25 1994-07-05 Tannenbaum David H Currency transfer system and method
US5336870A (en) * 1992-05-26 1994-08-09 Hughes Thomas S System for remote purchase payment transactions and remote bill payments
US5350906A (en) * 1992-11-25 1994-09-27 Brody Bill E Currency transfer system and method using fixed limit cards
US5352876A (en) * 1990-01-24 1994-10-04 Tokyo Coca-Cola Bottling Co., Ltd. Method and apparatus for transaction settlement
US5424938A (en) * 1992-10-13 1995-06-13 First Chicago Corporation Method and apparatus for providing access to a plurality of payment networks
US5434395A (en) * 1990-03-05 1995-07-18 Jean-Rene Storck Method and device for effecting a transaction between a first and at least one second data carrier and carrier used for this purpose
US5453601A (en) * 1991-11-15 1995-09-26 Citibank, N.A. Electronic-monetary system
US5457305A (en) * 1994-03-31 1995-10-10 Akel; William S. Distributed on-line money access card transaction processing system
US5468941A (en) * 1993-07-16 1995-11-21 Kabushiki Kaisha Toshiba Money processing apparatus having timer means
US5473143A (en) * 1991-09-23 1995-12-05 Atm Communications International, Inc. ATM/POS based electronic mail system
US5477040A (en) * 1994-05-23 1995-12-19 Lalonde; Michael G. Structure for a method of facilitating charge transactions
US5483047A (en) * 1994-03-15 1996-01-09 Inter Bold Automated teller machine
US5484988A (en) * 1992-11-13 1996-01-16 Resource Technology Services, Inc. Checkwriting point of sale system
US5491325A (en) * 1992-08-25 1996-02-13 Huang; Dorge O. Method and system for payment and payment verification
US5496991A (en) * 1989-02-09 1996-03-05 Delfer, Iii; Frank W. Automated remittance system
US5508500A (en) * 1992-11-17 1996-04-16 Tidel Engineering, Inc. Method for storing and dispensing cash
US5544043A (en) * 1994-03-07 1996-08-06 Glory Kogyo Kabushiki Kaisha Check processing equipment
US5546523A (en) * 1995-04-13 1996-08-13 Gatto; James G. Electronic fund transfer system
US5550358A (en) * 1991-01-31 1996-08-27 Tait; Robert A. R. Non-contacting transaction system
US5553320A (en) * 1994-03-16 1996-09-03 Hitachi, Ltd. Automatic cash transaction machine
US5557518A (en) * 1994-04-28 1996-09-17 Citibank, N.A. Trusted agents for open electronic commerce
US5557087A (en) * 1995-04-13 1996-09-17 Duyck; Margaret Multiple-merchant credit card terminal
US5559885A (en) * 1994-01-14 1996-09-24 Drexler Technology Corporation Two stage read-write method for transaction cards
US5563393A (en) * 1994-11-11 1996-10-08 At&T Global Information Solutions Company Transaction terminal and portable operator interface device for monitoring the transaction terminal
US5563394A (en) * 1990-01-12 1996-10-08 Hitachi, Ltd. Cash transaction machine and method
US5569897A (en) * 1994-01-26 1996-10-29 Nippon Shinpan Co., Ltd. Credit card system and method of issuing credit card using such a system
US5578281A (en) * 1993-08-27 1996-11-26 Hitachi, Ltd. Cash transaction machine
US5586313A (en) * 1993-02-12 1996-12-17 L.I.D.P. Consulting Services, Inc. Method for updating a file
US5591949A (en) * 1995-01-06 1997-01-07 Bernstein; Robert J. Automatic portable account controller for remotely arranging for payment of debt to a vendor
US5594226A (en) * 1994-07-11 1997-01-14 Steger; Paul Automated check verification and tracking system using bar code information
US5593149A (en) * 1994-01-13 1997-01-14 Oki Electric Industry Co., Ltd. Automatic teller machine managing system
US5594225A (en) * 1995-06-07 1997-01-14 Botvin; Arthur D. Methods and systems for conducting financial transactions via facsimile
US5600114A (en) * 1995-09-21 1997-02-04 Facilities Engineering And Design Consultants, Inc. Remote unmanned banking center
US5604341A (en) * 1995-03-13 1997-02-18 At&T Global Information Solutions Company ATM as video conferencing station
US5649117A (en) * 1994-06-03 1997-07-15 Midwest Payment Systems System and method for paying bills and other obligations including selective payor and payee controls
US5652786A (en) * 1994-02-14 1997-07-29 Telepay Automated interactive bill payment system
US5699528A (en) * 1995-10-31 1997-12-16 Mastercard International, Inc. System and method for bill delivery and payment over a communications network
US5787403A (en) * 1995-03-08 1998-07-28 Huntington Bancshares, Inc. Bank-centric service platform, network and system
US6304860B1 (en) * 1997-10-03 2001-10-16 Joseph B. Martin, Jr. Automated debt payment system and method using ATM network

Family Cites Families (1)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
WO1998007119A3 (en) * 1996-08-09 1998-03-19 Unisys Corp Method and transaction machine for managing payments by means of financial documents

Patent Citations (74)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US4321672A (en) * 1979-11-26 1982-03-23 Braun Edward L Financial data processing system
US4625276A (en) * 1983-08-31 1986-11-25 Vericard Corporation Data logging and transfer system using portable and resident units
US4689478A (en) * 1984-12-24 1987-08-25 Ncr Corporation System for handling transactions including a portable personal terminal
US4694397A (en) * 1984-12-27 1987-09-15 The Advest Group, Inc. Banking/brokerage computer interface system
US4823264A (en) * 1986-05-27 1989-04-18 Deming Gilbert R Electronic funds transfer system
US5184000A (en) * 1987-11-13 1993-02-02 Hitachi, Ltd. Automatic cash handling system offering optional printed record
US5008927A (en) * 1988-05-05 1991-04-16 Transaction Technology, Inc. Computer and telephone apparatus with user friendly computer interface integrity features
US5265007A (en) * 1988-06-07 1993-11-23 Huntington Bancshares Incorporated Central check clearing system
US5025373A (en) * 1988-06-30 1991-06-18 Jml Communications, Inc. Portable personal-banking system
US4947028A (en) * 1988-07-19 1990-08-07 Arbor International, Inc. Automated order and payment system
US4947028B1 (en) * 1988-07-19 1993-06-08 U S Order Inc
US5496991A (en) * 1989-02-09 1996-03-05 Delfer, Iii; Frank W. Automated remittance system
US5135212A (en) * 1989-02-20 1992-08-04 Hitachi, Ltd. Method of and apparatus for optimizing transference of supplementary paper money in automatic teller machine by monitoring the paper money processing operation
US5214269A (en) * 1989-03-17 1993-05-25 Hitachi, Ltd. Method for performing transaction
US5315511A (en) * 1989-04-21 1994-05-24 Hitachi, Ltd. Method of determining the acceptability of a request to preengage receipt and/or payment of money in an ATM system using the same
US5253167A (en) * 1989-06-15 1993-10-12 Hitachi, Ltd. Remote maintenance/supervisory system and method for automated teller machines
US5189287A (en) * 1989-06-23 1993-02-23 Raoul Parienti System for inputting, processing and transmitting information and data
US5175416A (en) * 1989-10-06 1992-12-29 Mansvelt Andre Peter Funds transfer system
US5191193A (en) * 1989-10-13 1993-03-02 Gemplus Card International System of payment or information transfer by money card with electronic memory
US5265008A (en) * 1989-11-02 1993-11-23 Moneyfax, Inc. Method of and system for electronic funds transfer via facsimile with image processing verification
US5050207A (en) * 1989-11-03 1991-09-17 National Transaction Network, Inc. Portable automated teller machine
US5220501A (en) * 1989-12-08 1993-06-15 Online Resources, Ltd. Method and system for remote delivery of retail banking services
US5146066A (en) * 1989-12-27 1992-09-08 Societe D'applications Generales D'eleciricite Et De Mecanique Sagem Bill publishing apparatus
US5563394A (en) * 1990-01-12 1996-10-08 Hitachi, Ltd. Cash transaction machine and method
US5352876A (en) * 1990-01-24 1994-10-04 Tokyo Coca-Cola Bottling Co., Ltd. Method and apparatus for transaction settlement
US5144115A (en) * 1990-01-29 1992-09-01 Hi Tachi, Ltd. Transaction inquiring method and apparatus
US5434395A (en) * 1990-03-05 1995-07-18 Jean-Rene Storck Method and device for effecting a transaction between a first and at least one second data carrier and carrier used for this purpose
US5245164A (en) * 1990-04-03 1993-09-14 Omron Corporation Transaction processing apparatus
US5256862A (en) * 1990-09-28 1993-10-26 Kabushiki Kaisha Toshiba Cash managing system
US5258908A (en) * 1990-11-02 1993-11-02 Foreign Exchange Transaction Services, Inc. Detection and prevention of duplicate trading transactions over a communications network
US5177342A (en) * 1990-11-09 1993-01-05 Visa International Service Association Transaction approval system
US5550358A (en) * 1991-01-31 1996-08-27 Tait; Robert A. R. Non-contacting transaction system
US5412190A (en) * 1991-07-17 1995-05-02 J. D. Carreker & Associates, Inc. Electronic check presentment system having a return item notification system incorporated therein
US5532464A (en) * 1991-07-17 1996-07-02 J. D. Carreker & Associates, Inc. Electronic check presentment system having a return item notification system incorporated therein
US5237159A (en) * 1991-07-17 1993-08-17 J. D. Carreker And Associates Electronic check presentment system
US5473143A (en) * 1991-09-23 1995-12-05 Atm Communications International, Inc. ATM/POS based electronic mail system
US5265033A (en) * 1991-09-23 1993-11-23 Atm Communications International, Inc. ATM/POS based electronic mail system
US5220157A (en) * 1991-09-24 1993-06-15 Tidel Engineering, Inc. Scrip controlled cash dispensing system
US5455407A (en) * 1991-11-15 1995-10-03 Citibank, N.A. Electronic-monetary system
US5453601A (en) * 1991-11-15 1995-09-26 Citibank, N.A. Electronic-monetary system
US5336870A (en) * 1992-05-26 1994-08-09 Hughes Thomas S System for remote purchase payment transactions and remote bill payments
US5326959A (en) * 1992-08-04 1994-07-05 Perazza Justin J Automated customer initiated entry remittance processing system
US5491325A (en) * 1992-08-25 1996-02-13 Huang; Dorge O. Method and system for payment and payment verification
US5424938A (en) * 1992-10-13 1995-06-13 First Chicago Corporation Method and apparatus for providing access to a plurality of payment networks
US5484988A (en) * 1992-11-13 1996-01-16 Resource Technology Services, Inc. Checkwriting point of sale system
US5508500A (en) * 1992-11-17 1996-04-16 Tidel Engineering, Inc. Method for storing and dispensing cash
US5350906A (en) * 1992-11-25 1994-09-27 Brody Bill E Currency transfer system and method using fixed limit cards
US5326960A (en) * 1992-11-25 1994-07-05 Tannenbaum David H Currency transfer system and method
US5586313A (en) * 1993-02-12 1996-12-17 L.I.D.P. Consulting Services, Inc. Method for updating a file
US5324922A (en) * 1993-02-25 1994-06-28 Verifone, Inc. Apparatus and method for managing transactions
US5468941A (en) * 1993-07-16 1995-11-21 Kabushiki Kaisha Toshiba Money processing apparatus having timer means
US5578281A (en) * 1993-08-27 1996-11-26 Hitachi, Ltd. Cash transaction machine
US5593149A (en) * 1994-01-13 1997-01-14 Oki Electric Industry Co., Ltd. Automatic teller machine managing system
US5559885A (en) * 1994-01-14 1996-09-24 Drexler Technology Corporation Two stage read-write method for transaction cards
US5569897A (en) * 1994-01-26 1996-10-29 Nippon Shinpan Co., Ltd. Credit card system and method of issuing credit card using such a system
US5652786A (en) * 1994-02-14 1997-07-29 Telepay Automated interactive bill payment system
US5544043A (en) * 1994-03-07 1996-08-06 Glory Kogyo Kabushiki Kaisha Check processing equipment
US5483047A (en) * 1994-03-15 1996-01-09 Inter Bold Automated teller machine
US5553320A (en) * 1994-03-16 1996-09-03 Hitachi, Ltd. Automatic cash transaction machine
US5457305A (en) * 1994-03-31 1995-10-10 Akel; William S. Distributed on-line money access card transaction processing system
US5557518A (en) * 1994-04-28 1996-09-17 Citibank, N.A. Trusted agents for open electronic commerce
US5477040A (en) * 1994-05-23 1995-12-19 Lalonde; Michael G. Structure for a method of facilitating charge transactions
US5649117A (en) * 1994-06-03 1997-07-15 Midwest Payment Systems System and method for paying bills and other obligations including selective payor and payee controls
US5594226A (en) * 1994-07-11 1997-01-14 Steger; Paul Automated check verification and tracking system using bar code information
US5563393A (en) * 1994-11-11 1996-10-08 At&T Global Information Solutions Company Transaction terminal and portable operator interface device for monitoring the transaction terminal
US5591949A (en) * 1995-01-06 1997-01-07 Bernstein; Robert J. Automatic portable account controller for remotely arranging for payment of debt to a vendor
US5787403A (en) * 1995-03-08 1998-07-28 Huntington Bancshares, Inc. Bank-centric service platform, network and system
US5604341A (en) * 1995-03-13 1997-02-18 At&T Global Information Solutions Company ATM as video conferencing station
US5557087A (en) * 1995-04-13 1996-09-17 Duyck; Margaret Multiple-merchant credit card terminal
US5546523A (en) * 1995-04-13 1996-08-13 Gatto; James G. Electronic fund transfer system
US5594225A (en) * 1995-06-07 1997-01-14 Botvin; Arthur D. Methods and systems for conducting financial transactions via facsimile
US5600114A (en) * 1995-09-21 1997-02-04 Facilities Engineering And Design Consultants, Inc. Remote unmanned banking center
US5699528A (en) * 1995-10-31 1997-12-16 Mastercard International, Inc. System and method for bill delivery and payment over a communications network
US6304860B1 (en) * 1997-10-03 2001-10-16 Joseph B. Martin, Jr. Automated debt payment system and method using ATM network

Cited By (15)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US20020152180A1 (en) * 1999-09-10 2002-10-17 Paul Turgeon System and method for performing secure remote real-time financial transactions over a public communications infrastructure with strong authentication
US7107250B2 (en) * 2001-02-20 2006-09-12 Hewlett-Packard Development Company, L.P. Apparatus for credential authorisation
US20020116345A1 (en) * 2001-02-20 2002-08-22 Harrison Keith Alexander Apparatus for credential authorisation
US8626599B2 (en) 2006-11-14 2014-01-07 Visa U.S.A. Inc. Payment processing system debt conversion notification
US20080133409A1 (en) * 2006-11-14 2008-06-05 Richard Mitchell Eastley Payment processing system debt conversion notification
WO2008060951A3 (en) * 2006-11-14 2008-07-10 Dick Mitchell Eastley Payment processing system debt conversion notification
US8041634B2 (en) 2006-11-14 2011-10-18 Visa U.S.A. Inc. Payment processing system debt conversion notification
WO2011028139A1 (en) * 2009-09-07 2011-03-10 Kiwibank Limited Information exchange system
US8510187B1 (en) * 2010-02-19 2013-08-13 Intuit Inc. Intelligent tax refund allocation
US20120116971A1 (en) * 2010-11-08 2012-05-10 Bank Of America Corporation Processing loan transactions
US8914307B2 (en) * 2010-11-08 2014-12-16 Bank Of America Corporation Processing loan transactions
US20140244312A1 (en) * 2013-02-22 2014-08-28 United Services Automobile Association Systems and methods for providing insurance information exchange
US20140279449A1 (en) * 2013-03-12 2014-09-18 Ford Global Technologies, Llc Automated vehicle loan payment reminders
US9799015B2 (en) * 2013-03-12 2017-10-24 Ford Global Technologies, Llc Automated vehicle loan payment reminders
GB2533432A (en) * 2014-12-18 2016-06-22 Ipco 2012 Ltd A device system, method and computer program product for processing electronic transaction requests

Also Published As

Publication number Publication date Type
US6304860B1 (en) 2001-10-16 grant
WO1999018529A1 (en) 1999-04-15 application
US20010001148A1 (en) 2001-05-10 application

Similar Documents

Publication Publication Date Title
US6678664B1 (en) Cashless transactions without credit cards, debit cards or checks
US5878405A (en) Pension planning and liquidity management system
US5121945A (en) Financial data processing system
US7096003B2 (en) Transaction security apparatus
US6112191A (en) Method and system to create and distribute excess funds from consumer spending transactions
US6594647B1 (en) Real time bank-centric universal payment system
US6529725B1 (en) Transaction security apparatus and method
US4948174A (en) Financial data processing system
US6932268B1 (en) Dual mode credit card based payment technique
US6941281B1 (en) Automated payment
US20080015985A1 (en) System and process for expedited payment through online banking/payment channel
US20040078327A1 (en) Wireless communication device account payment notification systems and methods
US20030033245A1 (en) Method for collection of amounts overdue and due by payday-to-payday drafts
US4974878A (en) Financial data processing system using payment coupons
US20020123946A1 (en) Methods and systems for providing debt recovery partnership
US5949044A (en) Method and apparatus for funds and credit line transfers
US20050080716A1 (en) Data validation systems and methods for use in financial transactions
US20050080717A1 (en) Data validation systems and methods for financial transactions
US20030078883A1 (en) Method and system for funding a financial account
US20030144935A1 (en) Methods and systems for processing, accounting, and administration of stored value cards
US20020032653A1 (en) Method and system for payment over the internet
US20040035923A1 (en) Process for acquiring new borrowers by funding bill payment
US20030204457A1 (en) Payee account payment system
US7568615B2 (en) Electronic transfer of hard currency
US20060006224A1 (en) Money transfer service with authentication