Patent ID: 7801814
Filing Date: 2010-09-21
Classification: G06Q

Abstract:
1. A system for managing a transmission of funds, based on a request for the transmission of funds, the system comprising: a first input interface for communicating first information to a processor, the first information identifying at least one of a payment source and a payee account; a second input interface for communicating second information to the processor, the second information containing affiliation information; and the processor communicating with the first input interface and the second input interface so as to receive the first information and the second information; the processor performing an affiliation test, using the affiliation information, to determine affiliates of the payment source and to determine affiliations of a payee, the payee being associated with the payee account; the processor, based on the affiliation test, determining from a set of payment mechanisms a reduced set of payment mechanisms, the reduced set being a set of possible payment mechanisms that could effect the transmission of funds; the processor performing an optimization determination so as to determine a selected payment mechanism, out of the reduced set of payment mechanisms, to use to transfer the funds from the payment source to the payee account, the selected payment mechanism being the optimal payment mechanism based on considered parameters, the considered parameters including the first information and the affiliates of the payment source determined by the affiliation test; the processor performing the transmission of funds using the selected payment mechanism.