Patent ID: 8725637
Filing Date: 2014-05-13
Classification: G06Q

Abstract:
1. A method of generating electronic invoices, the method comprising: receiving, at an invoicing service system, a request from a biller to register with the invoicing service system, wherein the biller is a company, and the request includes: determining, with the invoicing service system, whether to register the biller, based at least in part on the number of years the company has been in business, the number of employees within the company, whether the company has ever declared bankruptcy, whether the company has ever been refused lending, and whether the company has any outstanding liens; registering the biller with the invoicing service system by establishing an online invoicing service account for the biller, based upon a positive determination to register the biller; receiving a request to log on to the online invoicing service account running on the invoicing service system, wherein the invoicing service system includes an integrated and centralized view of each of a plurality of customer accounts associated with the biller; tracking, by the invoicing service system, each of the plurality of customer accounts associated with the online invoicing service account; determining, by the invoicing service system, each of the plurality of customer accounts that have at least one pending financial transaction with the biller; automatically generating, by the invoicing service system and without any user interaction, electronic invoices for each of the at least one pending financial transactions of each of the plurality of customers; and prior to transmitting each of the plurality of electronic invoices, determining the location of each of the corresponding customers; based on the determined locations, identifying an associated language for each of the locations and translating each of the electronic invoices into the associated language of each of the plurality of invoices; transmitting, by the invoicing service system, each of the electronic invoices to the each of the corresponding customers, wherein the biller's online invoicing service account is associated with one or more of the biller's bank accounts, and the electronic invoices are transmitted to the customers including deposit or transfer options for the customers to transfer or deposit funds in payment of the electronic invoices into the one or more of the biller's bank accounts, without disclosing account information from the one or more of the biller's bank accounts by the customers paying the invoices through the invoicing service system, wherein one level of separation is maintained between the one or more of the biller's bank accounts and the customers.