Patent ID: 7702583
Filing Date: 2010-04-20
Classification: G06Q

Abstract:
1. A method comprising: receiving, by a payment service provider, a payment request to pay a payee on behalf of a payor by debiting a payor account; determining, by the payment service provider, a plurality of debit options applicable for debiting the payor account, wherein each debit option is associated with a plurality of processing factors comprising at least one of a risk factor, a cost factor, or a speed factor; selecting, by the payment service provider, a first processing factor of the plurality of processing factors based on a preference associated with at least one of (i) a consumer service provider associated with the payor, or (ii) the payment service provider; evaluating, by the payment service provider, each debit option of the plurality of debit options based on the selected first processing factor; determining, by the payment service provider, that the evaluation of a first of the plurality of debit options based on the first processing factor and the evaluation of a second of the plurality of debit options based on the first processing factor produce the same result; evaluating, by the payment service provider, the first and the second of the plurality of debit options utilizing a second of the plurality of processing factors; selecting, by the payment service provider, the first one of the plurality of debit options as a selected debit option based, at least in part, on the evaluation utilizing the second of the plurality of processing factors; determining, at the payment service provider, a credit option associated with the selected debit option; and executing, at the payment service provider, the payment request using the selected debit option and the credit option, wherein the above steps are performed by one or more computers associated with the payment service provider.