Disbursement system and method
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United States of America Patent
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Apr 6, 1999
Grant Date -
N/A
app pub date -
Jul 25, 1995
filing date -
Jul 25, 1995
priority date (Note) -
In Force
status (Latency Note)
Importance
Abstract
A computerized payment disbursement system and method are provided. One embodiment of the method of the present invention includes storing in a computer database user-defined payment disbursement criteria associated with a plurality of types of disbursement transactions. At least one payment disbursement request corresponding to one of the plurality of types is received. At least one payment disbursement is generated based upon the criteria and the request by automatically determining which of the plurality of types corresponds to the request and automatically selecting from the storage means the disbursement criteria associated with that disbursement type.
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