Invention Grant
- Patent Title: Payment card reconciliation by authorization code
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Application No.: US15131742Application Date: 2016-04-18
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Publication No.: US10740755B2Publication Date: 2020-08-11
- Inventor: Robert M. Allen , Richard A. Maxwell
- Applicant: StoneEagle Services, Inc.
- Applicant Address: US TX Plano
- Assignee: VPay, Inc.
- Current Assignee: VPay, Inc.
- Current Assignee Address: US TX Plano
- Agency: Smith & Hopen, P. A.
- Agent Nicholas Pfeifer; Andriy Lytvyn
- Main IPC: G06Q20/34
- IPC: G06Q20/34 ; G06Q50/22 ; G06Q20/10 ; G06Q20/40

Abstract:
A payment processor acting on behalf of a third party administrator to make payment on an adjudicated claim makes a straight through payment to an acquirer for a health care provider's merchant account. Via the authorization process, the payment processor generates an authorization code which is returned to the health care provider on its merchant statement for the payment. Concurrently, the remittance advice from the third party administrator is linked to the same authorization code as the payment by the payment processor which sends the advice in an 835-formatted transmission to the health care provider. Thus, the remittance advice may be linked (reconciled) with the payment on the merchant statement by the common authorization code.
Public/Granted literature
- US20160232308A1 Payment Card Reconciliation by Authorization Code Public/Granted day:2016-08-11
Information query