Real-time digital cash management solution

Patent metadata

Field	Value
Publication number	US-11481743-B2
Application number	US-201916511890-A
Country	US
Kind code	B2
Filing date	Jul 15, 2019
Priority date	Jul 15, 2019
Publication date	Oct 25, 2022
Grant date	Oct 25, 2022

Abstract

A real-time electronic bill presentment and payment system of a bill presentment and payment system (BPPS) provider is exposed to at least one of a business financial institution and an accounting software provider via an API. The BPP provider facilitates the institution or software provider providing a real-time electronic bill presentment and payment mobile application to a business. The BPPS obtains, via the API, from the institution or software provider, registration information relevant to the business. The real-time system populates a biller directory database with the registration information. No action, other than the facilitating, is required by the BPPS provider for the institution or software provider to obtain the registration information. In some instances, provision is made for loss of connectivity between the institution or software provider and the business and/or for alerts to the business.

First claim

What is claimed is:

1. A method comprising:
exposing a real-time electronic bill presentment and payment system of a bill presentment and payment system provider to at least one of a business financial institution and an accounting software provider via an application programming interface;
said bill presentment and payment system provider facilitating said at least one of a business financial institution and an accounting software provider providing a real-time electronic bill presentment and payment mobile application to a business;
said real-time electronic bill presentment and payment system obtaining, via said application programming interface, from said at least one of a business financial institution and an accounting software provider, registration information provided to said at least one of a business financial institution and an accounting software provider by said business via said real-time electronic bill presentment and payment mobile application; and
said real-time electronic bill presentment and payment system populating a biller directory database in said real-time electronic bill presentment and payment system with said registration information provided to said at least one of a business financial institution and an accounting software provider by said business via said real-time electronic bill presentment and payment mobile application;
wherein no action, other than said facilitating, is required by said bill presentment and payment system provider for said at least one of a business financial institution and an accounting software provider to obtain said registration information from said business via said real-time electronic bill presentment and payment mobile application.

2. The method of claim 1 , wherein said electronic bill presentment and payment system obtaining said registration information from said at least one of a business financial institution and an accounting software provider is triggered by said business providing said registration information to said at least one of a business financial institution and an accounting software provider via said real-time electronic bill presentment and payment mobile application.

3. The method of claim 2 , further comprising repeating said exposing, facilitating, obtaining, and populating steps for a plurality of additional business financial institutions and/or accounting software providers, as the case may be, and a plurality of additional businesses.

4. The method of claim 3 , further comprising making said populated biller directory database available to a plurality of customers via a plurality of customer financial institutions without active management other than compliance with governmental security regulations.

5. The method of claim 4 , wherein said registration information includes business name, business address, and information for at least one of a payment card and a bank account of said business.

6. The method of claim 5 , wherein said information for at least one of a payment card and a bank account of said business comprises debit card information of said business.

7. The method of claim 4 , further comprising:
obtaining, at said real-time electronic bill presentment and payment system, from a given one of said business financial institutions and/or accounting software providers, an invoice provided by a given one of said businesses to said given one of said business financial institutions and/or accounting software providers, said invoice including an identification of a given one of said plurality of customers;
said real-time electronic bill presentment and payment system looking up a corresponding given one of said plurality of customer financial institutions in a customer directory of said electronic bill presentment and payment system based on said identification of said given one of said plurality of customers; and
dispatching said invoice, from said real-time electronic bill presentment and payment system, to said given one of said plurality of customers via said looked-up given one of said plurality of customer financial institutions.

8. The method of claim 7 , further comprising said real-time electronic bill presentment and payment system verifying said given one of said businesses via lookup in said biller directory database prior to dispatching said invoice.

9. The method of claim 7 , further comprising said real-time electronic bill presentment and payment system passing a real time payment status message, associated with said invoice, and received from said given one of said plurality of customers via said given one of said plurality of customer financial institutions, to said given one of said businesses via a corresponding given one of said business financial institutions.

10. The method of claim 9 , wherein said real time payment status message indicates payment scheduled for a future date.

11. The method of claim 9 , wherein said real time payment status message indicates real time payment via a real-time payment infrastructure.

12. The method of claim 9 , wherein said real time payment status message indicates real time payment via a special payment card payment transaction which adds funds to a payment card account of said given one of said businesses.

13. The method of claim 9 , wherein said real time payment status message indicates payment via non-real-time electronic funds transfer has been initiated.

14. The method of claim 4 , further comprising said real-time electronic bill presentment and payment system passing a real time payment status message, not associated with an invoice, and received from a given one of said plurality of customers via a corresponding given one of said plurality of customer financial institutions, to a given one of said businesses via a corresponding given one of said business financial institutions, responsive to said given one of said plurality of customers locating said given one of said businesses in said populated biller directory.

15. A non-transitory computer readable medium comprising computer executable instructions which when executed by a computer cause the computer to perform a method comprising the steps of:
exposing a real-time electronic bill presentment and payment system of a bill presentment and payment system provider to at least one of a business financial institution and an accounting software provider via an application programming interface;
said bill presentment and payment system provider facilitating said at least one of a business financial institution and an accounting software provider providing a real-time electronic bill presentment and payment mobile application to a business;
said real-time electronic bill presentment and payment system obtaining, via said application programming interface, from said at least one of a business financial institution and an accounting software provider, registration information provided to said at least one of a business financial institution and an accounting software provider by said business via said real-time electronic bill presentment and payment mobile application; and
said real-time electronic bill presentment and payment system populating a biller directory database in said real-time electronic bill presentment and payment system with said registration information provided to said at least one of a business financial institution and an accounting software provider by said business via said real-time electronic bill presentment and payment mobile application;
wherein no action, other than said facilitating, is required by said bill presentment and payment system provider for said at least one of a business fina

Assignees

• Mastercard International Inc

Inventors

• Moskowitz Ellen
• Galperti Sebastien
• Chhuan Chhomthyda
• Iyer Sriram
• Ryan Patricia

Classifications

• G06Q20/34

  using cards, e.g. integrated circuit [IC] cards or magnetic cards · CPC title

• G06Q20/326

  Payment applications installed on the mobile devices · CPC title

• G06Q20/14 Primary

  specially adapted for billing systems · CPC title

• G06Q20/405

  Establishing or using transaction specific rules · CPC title

• G06F16/2455

  Query execution · CPC title