Apparatus, method, and computer program product for settlement to a merchant's card account using an on-line bill payment platform

Apparatus, method, and computer program product for settlement to a merchant's card account using an on-line bill payment platform

Registration information is obtained for a plurality of businesses, including the business name and a payment card account number for a payment card account in which the given 5 business can receive payments from customers via a special payment transaction over a payment card network. An electronic...

Ausführliche Beschreibung

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Bibliographische Detailangaben
Hauptverfasser: REED, Derek, KIMBERG, Deborah M, SIMS, Lisa
Format: Patent
Sprache:eng
Schlagworte:
CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Beschreibung
Zusammenfassung:Registration information is obtained for a plurality of businesses, including the business name and a payment card account number for a payment card account in which the given 5 business can receive payments from customers via a special payment transaction over a payment card network. An electronic bill payment system instruction including at least an amount and a unique biller identifier is obtained. A biller directory, including the registration information and the unique biller identifiers, is accessed based on the unique biller identifiers in the instruction, to retrieve the payment card account number. A 10 payment is initiated to the business via the special payment transaction over the payment card network, based on the retrieved payment card account number.