Invention Grant
- Patent Title: Method and system for processing recurring payments
- Patent Title (中): 处理定期付款的方法和系统
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Application No.: US11537290Application Date: 2006-09-29
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Publication No.: US07734545B1Publication Date: 2010-06-08
- Inventor: Frank J. Fogliano , Dennis J. Gniewosz , Paul Gerard Trupia , Riccardo M. Striano
- Applicant: Frank J. Fogliano , Dennis J. Gniewosz , Paul Gerard Trupia , Riccardo M. Striano
- Applicant Address: US NY New York
- Assignee: JPMorgan Chase Bank, N.A.
- Current Assignee: JPMorgan Chase Bank, N.A.
- Current Assignee Address: US NY New York
- Agency: Hunton & Williams, LLP
- Main IPC: G06Q40/00
- IPC: G06Q40/00

Abstract:
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.
Information query