Patent ID: 8630947
Filing Date: 2014-01-14
Classification: G06Q

Abstract:
1. An automated method for facilitating electronic payment related services to at least one payer entity for making payments to at least one biller, wherein the method is executed by a programmed computer processor, the method comprising the steps of: collecting payer information associated with the at least one payer entity from a lockbox entity; collecting billing information associated with the at least one payer entity from the lockbox entity, wherein the lockbox entity is operated by a lockbox operator that further operates a plurality of lockbox entities to effectuate on-us transactions through correspondent relations; automatically identifying a list of one or more eligible billers associated with the at least one payer entity from the payer information and the billing information collected from the lockbox entity using the programmed computer processor, without manual entry of the one or more billers by the at least one payer entity to the programmed computer processor, where the at least one payer entity has a relationship with each of the one or more billers; matching the list of one or more eligible billers with one or more billers serviced by a lockbox bank with which a payer bank, associated with the at least one payer entity, has an agreement; generating a menu for the at least one payer entity to select one or more of the one or more billers, automatically identified from the payer information and billing information collected from the lockbox entity using the programmed computer processor, for activating one or more electronic payment related services; and activating the one or more electronic payment related services in response to the at least one payer entity's selection of the one or more billers, wherein the one or more billers form a consortium to consolidate payer data.