Patent ID: 7177830
Filing Date: 2007-02-13
Classification: G06Q,H04L

Abstract:
1. A method performed in a programmed computer system for administering an on-line payment system, the computer system maintaining a database containing account information for a plurality of user accounts, the method comprising a) receiving deferred remittance information indicating an amount to be deposited by deferred remittance to a bank account associated with the computer system, for application to a first one of the user accounts; b) adding the amount to be deposited to a balance in the first one of the user accounts and marking the added amount as being uncleared in the database; c) receiving a deposit notification indicating an amount of a remittance which has been deposited in the bank account for application to the first one of the user accounts; and, d) reconciling the deposit notification with the deferred remittance information by: