Patent ID: 7848974
Filing Date: 2010-12-07
Classification: G06Q

Abstract:
1. A computer-implemented method for setting up customer bill payment information associated with a first account maintained by a first financial institution in a second account maintained by a second financial institution, comprising: receiving from a customer, via a computer processor over a computer based network, a request to transfer bill payment information from the first account with the first financial institution into the second account with the second financial institution, the second account comprising a new or a pre-existing account at the second financial institution and the first account comprising customer bill payment information, and the transfer request comprising account access information usable by the second financial institution to access the first account at the first financial institution, and the transfer request is received by the second financial institution; wherein further the customer bill payment information comprises information about one or more payees and one or more of an address, account number, payment schedule, bill payment history information, and prior payment record; acquiring, by synching the first account with the second account with no interaction from the customer, via the computer processor over the computer based network, the customer bill payment information from the first financial institution by the second financial institution using the account access information provided by the customer; configuring, by the computer processor, the customer bill payment information in the second account; directing, by the second financial institution, at the request of the customer, transactions associated with the bill payment information wherein the transactions are associated with at least one of the first account or the second account; and accessing, by the second financial institution, the first account using a website of the first financial institution, by providing the account access information.