Patent ID: 8374932
Filing Date: 2013-02-12
Classification: G06Q

Abstract:
1. A method comprising: receiving, by a payment entity device configured to facilitate payment and reconciliation of accounts payable, a payables profile from a client entity processing module operated by a client that pays a plurality of creditors, wherein the payables profiles includes a plurality of accounts payable, one or more methods of payment associated with each of the plurality of accounts payable, and a financial institution associated with each of the one or more methods of payment; receiving, by the payment entity device, an accounts payable data file from the client entity processing module, wherein the accounts payable data file includes the plurality of accounts payable and a total amount to be paid for each of the plurality of accounts payable; determining, by the payment entity device, a method of payment for each of the plurality of accounts payable of the accounts payable data file in accordance with the payables profile; initiating a first type of payment for a first one of the plurality of accounts payable in response to a first method of payment specified by the payables profile; initiating a second type of payment for a second one of the plurality of accounts payable in response to a second method of payment specified by the payables profile; and initiating a third type of payment for a third one of the plurality of accounts payable in response to a third method of payment specified by the payables profile; wherein initiating each respective type of payment comprises generating a payment request appropriate to the method of payment, verifying that the payment request is valid, and generating an error message if the validity is not verified; and reconciling payment of the accounts payable of the accounts payable data file, wherein, when the third type of payment is a payment card payment, the initiating the third type of payment comprises: