Patent ID: 7021530
Filing Date: 2006-04-04
Classification: G06Q

Abstract:
1. A method for managing and processing stored-value debit, check card, signature debit, PIN based card or automatic teller machine (ATM) cards for bill payment comprising the steps of: enrolling with a bill payment card issuer; providing bill payment account information for each biller; establishing a fund source through the card issuer; issuing a card with identifying information to a cardholder; inputting said identifying information from said card into an input device; transmitting said information to said card issuer for verification; routing verification from said card issuer; providing a bill payment option regarding said fund source; selecting said bill payment option; providing a list of billers selected during enrollment; selecting a biller for a desired bill to pay; inputting data consistent with said selected bill payment option; creating a transaction to deduct the amount of the bill from said fund source; transmitting said transaction to said card issuer by way of a bill pay network; processing said transaction consistent with said selected bill payment option; providing an output to a biller consistent with said processed transaction.