Systems and Methods For Updating Remittance Data For Payees
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United States of America Patent
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Issued Date -
Nov 20, 2008
app pub date -
May 16, 2007
filing date -
May 16, 2007
priority date (Note) -
Abandoned
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Abstract
Systems and methods for updating remittance information associated with a payee are disclosed, where a service provider receives updated remittance information associated with a payee and identifies a database entry associated with the payee that includes preexisting remittance information. The updated remittance information is then stored in association with the database entry as a potential replacement for the preexisting remittance information. A determination is then made as to whether a threshold value has been reached, where the threshold value is associated with a count of the number of times the updated remittance information has been previously received. Upon determining the threshold value has been reached, the preexisting remittance information is replaced with the updated remittance information in the database. The remittance information may include a payee's address or other information useful in directing a payment to the payee.
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