Patent ID: 8417628
Filing Date: 2013-04-09
Classification: G06Q

Abstract:
1. A method for effectuating bill presentment and payment comprising: maintaining a billing database, the billing database containing detailed billing information with respect to at least one bill, the at least one bill reflecting an account of at least one payer with respect to at least one biller; generating an electronic summary of the at least one bill using the detailed billing information; formatting at least one portion of the electronic summary in the form of a remittance slip containing remittance data as is found in a traditional paper based bill, wherein the step of formatting further makes said remittance slip printable for use in a traditional method of payment of the at least one bill by the at least one payer; generating an electronic notification with respect to the at least one bill, the electronic notification containing an address through which the billing database is accessed; transmitting the electronic notification to the at least one payer; said step of transmitting enabling a user device to present to the at least one payer an electronically-selectable option such that the payer can interactively elect (a) paying the at least one bill electronically or (b) printing said portion which is formatted as a printable remittance slip and mailing the remittance slip with a payment of the at least one bill; and if the payer selects to pay the at least one bill electronically, causing an electronic payment for the at least one bill to be initiated, and if the payer selects to pay the at least one bill in the traditional method of payment, making the formatted remittance slip available for printing.