Patent ID: 8732079
Filing Date: 2014-05-20
Classification: G06Q

Abstract:
1. One or more non-transitory computer-readable media storing computer-executable instructions which, when executed by a processor on a computer system, perform a method for initiating a payment of a vendor, the method comprising: using a first receiver to receive a vendor name, a vendor identification number and vendor banking information; using a first transmitter to load the vendor name, the vendor identification number and the vendor banking information into a third party database maintained by a third party, wherein the third party database includes a template manager for creating a vendor template including the vendor name, the vendor identification number and the vendor banking information; using a second receiver to receive an incomplete payment origination request, the incomplete payment origination request including the vendor identification number and a payment amount electronically associated with the vendor identification number without the banking information associated with the identification number; using a second transmitter to transmit the incomplete payment origination request to the third party; using a third receiver to receive, from the third party, a complete payment origination request including the payment amount and the banking information associated with the identification number, the complete payment request being formed by augmenting the incomplete payment origination request with data stored in the vendor template; and in response to the receiving of the banking information, using a third transmitter to transmit to a clearing house the complete payment origination request for initiating a transfer of funds, said transfer of funds corresponding to the payment amount, into a vendor bank account identified in the banking information.