Method and system for processing recurring payments

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United States of America Patent

PATENT NO 7904388
SERIAL NO

12778279

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Abstract

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According to an embodiment of the present invention, a computer implemented method and system for processing payments may involve receiving a payment file from a paying entity; identifying at least one payee from the payment file; identifying a payment amount for the at least one payee for a contribution based on a pre-existing contract between the paying entity and the at least one payee for recurring payments to the at least one payee; identifying a payment method for the at least one payee from a payee profile; and distributing the payment amount via the payment method to the at least one payee; wherein a group manages the recurring payments for the at least one payee.

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Patent Owner(s)

Patent OwnerAddress
JPMORGAN CHASE BANK N A383 MADISON AVENUE NEW YORK NY 10179

International Classification(s)

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Fogliano, Frank J Monroe, US 4 179
Gniewosz, Dennis J Langhorne, US 2 178
Striano, Riccardo M Pelham, US 2 178
Trupia, Paul Gerard Massapequa, US 2 178

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