Electronic bill presentment and/or payment clearinghouse

Details Electronic bill presentment and/or payment clearinghouse Electronic bill presentment and/or payment clearinghouse

H - Electricity

04

L

H04L 12/16 (2006.01) G06Q 20/00 (2006.01) G06Q 30/00 (2006.01) G06Q 40/00 (2006.01) G07F 19/00 (2006.01)

Patent

CA 2306123

Network stations are used to electronically pay bills. Each station represents a different user, including payers and payees. Each user has a payment account maintained at one of a plurality of different financial institutes. An instruction to make payment of a bill of a payee is received, via a network, from a user station representing a payer. A directive, directing a transfer of. funds from the payment account associated with the payer and maintained at a first financial institute to a deposit account associated with the payee and maintained at a second financial institute, is generated based on the received payment instruction. Remittance information associated with payment of the bill by the fund transfer is also generated. The directive is transmitted to the first financial institute. The remittance information is stored in a central database so as to be,accessible, via the network, to a user station representing the payee.

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