Patent ID: 6910021
Filing Date: 2005-06-21
Classification: G06Q

Abstract:
1. A process interacting with an offset payment system, said process comprising: determining, within a computer implemented accounts receivable system separate from the offset payment system, debt to be referred for offset payment responsive to debt selection criteria; referring the debt to the offset payment system responsive to the determination; determining, within a computer implemented accounts payable system separate from the accounts receivable system, a payment to be referred for offset of a debt responsive to payment selection criteria referring the payment to the offset payment system responsive to the determination; updating automatically, within the computer implemented accounts receivable system, debt records responsive to an offset by the offset payment system; updating automatically, within the computer implemented accounts payable system, payment records responsive to the offset by the offset payment system; recording a payment from a debtor; updating automatically, within the computer implemented accounts receivable and accounts payable systems, the payment and the debt records and updating the offset records in the offset payment system responsive to the payment; posting a write-off authorization for a debt; updating automatically, within the computer implemented accounts receivable and accounts payable systems, the payment and the debt records and updating the offset records in the offset payment system responsive to the write-off; notifying a debtor of the referral and the offset; and providing online access to offset payment records.