Event-triggered business-to-business electronic payment processing apparatuses, methods and systems

Patent metadata

Field	Value
Publication number	US-9760871-B1
Application number	US-201313831389-A
Country	US
Kind code	B1
Filing date	Mar 14, 2013
Priority date	Apr 1, 2011
Publication date	Sep 12, 2017
Grant date	Sep 12, 2017

Abstract

The Event-Triggered Business-To-Business Electronic Payment Processing Apparatuses, Methods And Systems (hereinafter “B2B-PAY”) provides a business-to-business payment platform which facilitates business to business payment triggered by a user event, and transforms purchase item information inputs or purchase receipt inputs via B2B-PAY components into restricted-use account payment settlement outputs. In one embodiment, a method is disclosed, including: receiving a first payment request from a healthcare provider, the first payment request including healthcare bill information and user payment information loaded via a user vehicle; transmitting a second payment request to an insurance provider, the second payment request comprising an insured amount; receiving an indication of an approved amount from the insurance provider; facilitating payment of the approved amount from the insurance provider to the healthcare provider; calculating a user responsible amount; and facilitating payment of the calculated user responsible amount from the user to the healthcare provider.

First claim

What is claimed is:

1. A business-to-business transaction processing processor-implemented method, comprising:
obtaining, by a processor, a purchase payment request having a processor-executable link from a user triggering event indication, said user triggering event indication being received upon user instantiation of a web enabled mobile computing device at a B2B-Pay terminal of a first business entity, said user triggering event indication comprises a business-to-business payment event indication, said first business entity being different from the user, said web enabled mobile computing device providing user interface elements for the user to interact with user interface elements provided by the B2B-Pay terminal;
determining, by the processor, in response to executing the processor-executable link a second business entity sponsoring the purchase payment in response to parsing the purchase payment request, said second business entity being different from the first business entity and the user, said determining comprises receiving an instruction in response to a selection from the user for the second business entity on the web enabled mobile computing device;
obtaining, by the processor, purchase sponsoring instructions provided by the second business entity, said obtained purchase sponsoring instructions comprising verifying payment eligibility data of the user;
determining, by the processor, a payment sponsoring amount from the second business entity to the first business entity in response to the obtained purchase sponsoring instructions and the obtained purchase payment request;
generating, by the processor, a business-to-business financial transaction request for the second business entity to transfer the determined payment sponsoring amount to the first business entity;
initiating, by the processor, a business-to-business financial transaction between the second business entity to the first business entity in response to the received user triggering event indication by sending the generated business-to-business financial transaction request to the second business entity;
receiving, by the processor, a payment amount adjudication indication from the second business entity;
retrieving, by the processor, account details of a first bank account of the first business entity and a second bank account of the second business entity, said first bank account being different from the second bank account and being different from a user bank account of the user; and
transacting, by the processor, the adjudicated payment amount from the second bank account of the second business entity to the first bank account of the first business entity.

2. The method of claim 1 , wherein the user triggering event comprises a user swiping a prepaid card at the first business entity.

3. The method of claim 1 , wherein the user triggering event comprises a user instantiates a digital wallet at the first business entity.

4. The method of claim 1 , wherein the first business entity is a healthcare provider.

5. The method of claim 1 , wherein the second business entity is an insurance carrier.

6. The method of claim 1 , wherein the second business entity is a government benefit administrator.

7. The method of claim 1 , wherein the first business entity is a utility biller.

8. The method of claim 1 , wherein the purchase payment request is formatted in compliance with a healthcare payment data format.

9. The method of claim 8 , wherein the healthcare payment data format comprises National Council for Prescription Drug Programs (NCPDP).

10. The method of claim 1 , wherein the payment sponsoring amount comprises an insured amount for the payment purchase.

11. The method of claim 1 , wherein the adjudication indication comprises an insured amount adjustment from an insurance carrier.

12. The method of claim 1 , wherein the purchase payment request comprises a virtual PAN number.

13. The method of claim 1 , wherein the business-to-business financial transaction between the second business entity to the first business entity is initiated without latency to the user triggering event indication.

14. The method of claim 1 , further comprising:
calculating a user responsible amount; and
facilitating payment of the calculated user responsible amount from the user to the first business entity.

15. The method of claim 1 , further comprising:
obtaining a financial transaction record between the first business entity and the second business entity; and
obtaining a transacted payment amount transferred from the second business entity to the first business entity.

16. The method of claim 15 , further comprising:
comparing the adjudicated payment amount with the obtained transacted insurance payment amount; and
generating a payment reconciliation report based on the comparison.

17. The method of claim 15 , further comprising:
receiving a supplemental payment request from the first business entity when the payment reconciliation report indicates the obtained transacted payment amount is insufficient; and
transmitting the supplemental payment request to the second business entity.

18. A business-to-business transaction processing system, comprising:
means for receiving a user triggering event indication upon user instantiation of a web enabled mobile computing device at a B2B-Pay terminal of a first business entity, said user triggering event indication comprises a business-to-business payment event indication, said first business entity being different from the user, said web enabled mobile computing device providing user interface elements for the user to interact with user interface elements provided by the B2B-Pay terminal;
means for obtaining a purchase payment request from the received user triggering event indication;
means for determining a second business entity sponsoring the purchase payment by parsing the purchase payment request, said second business entity being different from the first business entity and the user, said determining comprises receiving an instruction in response to a selection from the user for the second business entity on the web enabled mobile computing device;
means for obtaining purchase sponsoring instructions provided by the second business entity, said obtained purchase sponsoring instructions comprising verifying payment eligibility data of the user;
means for determining a payment sponsoring amount from the second business entity to the first business entity in response to the obtained purchase sponsoring instructions and the obtained purchase payment request;
means for generating a business-to-business financial transaction request for the second business entity to transfer the determined payment sponsoring amount to the first business entity;
means for initiating a business-to-business financial transaction between the second business entity to the first business entity in response to the received user triggering event indication by sending the generated business-to-business financial transaction request to the second business entity;
means for receiving a payment amount adjudication indication from the second business entity;
means for retrieving account details of a first bank account of the first business entity and a second bank account of the second business entity, said first bank account being different from the second bank account and being different from a user bank account of the user; and
means for transacting the adjudicated payment amount from the second bank account of the second business entity to the first bank acc

Assignees

• Visa Int Service Ass

Inventors

• Pourfallah Stacy
• Subramanian Kaushik

Classifications

• G06Q10/10

  Office automation; Time management · CPC title

• G06Q20/102

  Bill distribution or payments · CPC title

• G06Q40/02

  Banking, e.g. interest calculation or account maintenance (credit or loans G06Q40/03) · CPC title

• G06Q20/3223

  Realising banking transactions through M-devices · CPC title

• G06Q20/405

  Establishing or using transaction specific rules · CPC title