Patent ID: 7587363
Filing Date: 2009-09-08
Classification: G06Q

Abstract:
1. A system for managing a transmission of funds for a payment request initiator, comprising: an input portion that inputs first information from a payment request initiator, the first information including payment source information and payee information, the first information constituting a payment request; a payment platform database that includes payment platform data, the payment platform data including decision reference data store; and a processor, the processor communicating with the input portion and the payment platform database so as to input the first information and access select payment platform data, the processor: wherein the optimization determination includes using a matching algorithm to match the payee account with the payment mechanism; wherein the matching algorithm assigns various weighting to the requested transaction based on at least one of address matching, account number matching and name matching, the various weighting then used by the processor as a factor, in determination of the payment mechanism; wherein the processor further determining a credit amount associated with the payment request initiator who submits the first information, and using the credit amount in the optimization determination; wherein the optimization determination includes using a scoring mechanism that provides a score, the score relating to credit amount, and wherein the processor selects one payment mechanism out of the plurality of available payment mechanisms based on the score accorded to the payment request initiator, the optimization determination further including the scoring mechanism being used to segregate customers into different tiers, such segregation into different tiers used to determine the credit amount to be given to the payment request initiator.