Method and apparatus for paying bills online
Number of patents in Portfolio can not be more than 2000
United States of America Patent
Stats
-
N/A
Issued Date -
Jun 24, 2004
app pub date -
Dec 20, 2002
filing date -
Dec 20, 2002
priority date (Note) -
Abandoned
status (Latency Note)
Importance
Abstract
A method and apparatus for paying bills online comprising a plurality of financial institutions exchanging bill payee lists to form a master bill payee list. A first financial institution receiving a bill for its customer, the bill including a bill payee and an amount owed the bill payee by the customer. The first financial institution searching the master bill payee list to determine if the bill payee is on the master bill payee list. Debiting the customer's account if the bill payee is on the master bill payee list, and sending the amount owed to the bill payee's financial institution for depositing in the bill payee's account.
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