Technique for information flow to payees
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United States of America Patent
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Feb 9, 2010
Grant Date -
N/A
app pub date -
Jun 30, 2003
filing date -
Jun 30, 2003
priority date (Note) -
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status (Latency Note)
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Abstract
A technique for making a payment to a payee on behalf of a payor is provided. A payment service provider receives a payment request from a payor requesting the service provider to make a payment to a payee on behalf of the payor. The service provider then transmits pre-posting information to the payee prior to making the payment. The pre-posting information informs the payee that the service provider will be making a payment to the payee on behalf of the payor. Whenever the service provider makes the payment to the payee, the service provider also issues remittance advice associated with the payment to the payee.
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