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Systems, methods and computer program products for managing payment processes in a comprehensive payment hub system

A technology of financial payment and management logic, applied in the field of dynamic selection and arrangement of payment processing, to achieve the effect of high cost

Inactive Publication Date: 2010-09-08
BANK OF AMERICA CORP
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

In most cases, the customer / payer wants the payee to receive the payment as soon as possible, however, in some cases, the payer wants to delay the payment acceptance to ensure that there are sufficient funds in the designated payment account

Method used

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  • Systems, methods and computer program products for managing payment processes in a comprehensive payment hub system
  • Systems, methods and computer program products for managing payment processes in a comprehensive payment hub system
  • Systems, methods and computer program products for managing payment processes in a comprehensive payment hub system

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Embodiment Construction

[0039] Embodiments of the present invention hereinafter will be described fully with reference to the accompanying drawings, in which some, but not all embodiments of the present invention are shown. Indeed, the invention may be embodied in many different forms and should not be limited to the embodiments set forth herein; rather, these embodiments are provided so that this invention will satisfy applicable legal requirements. In the following description, for purposes of explanation, numerous specific details are set forth in order to provide a thorough understanding of one or more embodiments. It may be evident, however, that these embodiments may be practiced without these specific details. Like reference numerals refer to like elements throughout.

[0040] Various embodiments or features are provided in terms of a system or device comprising a multitude of devices, components, modules, and the like. It is to be understood and appreciated that the various systems or devic...

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PUM

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Abstract

Systems, methods, and computer program products are provided for managing the processing of a financial payment and, more specifically managing the processing of a financial payment in a comprehensive payment hub environment that provides for payment processing, including payment route determination, irrespective of the payment input channel. In accordance with embodiments herein disclosed, managing the processing of the payment includes automatically determining the payment processes and automatically determining the arrangement of the payment processes. As such, the methods, systems, and computer program products herein described provide for an efficient and cost-effective approach to processing payments.

Description

[0001] Citations to pending patent applications [0002] This application is assigned to U.S. Patent Application Serial No. 12 / 370,943, filed February 13, 2009, entitled "System, Method, and Computer Program Product for Optimizing Routing of Financial Payments," assigned to the assignee of this application Continuation-in-Part Application, the entire contents of which are hereby incorporated by reference. technical field [0003] Embodiments disclosed herein relate generally to systems, methods and computer program products for managing financial payment processing, and more particularly to dynamically selecting and scheduling payment processing in an integrated payment concentrator environment. Background technique [0004] Currently, in the US market, traditional pathway-based products are followed by financial payment processing. This means specifying payments before the financial institution receives a specific product pool. Library payment processing occurs prior to i...

Claims

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Application Information

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Patent Type & Authority Applications(China)
IPC IPC(8): G06Q20/00G06Q40/00
CPCG06Q20/10G06Q40/12G06Q20/102
Inventor M·D·赞佐特G·C·博瑞格斯E·多耶尔A·B·卡尔代罗尼W·E·托马斯二世P·托宾D·T·弗鲁K·坎特利
Owner BANK OF AMERICA CORP