Patent ID: 8595135

Claim:
A process of facilitating payment transactions in which a third-party payment router transacts at least thousands of payments for at least hundreds of payors with at least dozens of payees, using at least one open system card association network, the process comprising: by a computer system of an issuing bank, receiving indicia of a block of UAOSCN associated with a BIN under a program associated with a payment router, the issuance of the UAOSCN of the block to be authorized and sponsored by the issuing bank; receiving information from an authorized processor regarding the loading, in one day, of thousands of amounts (in funds and/or credit) onto thousands of the UAOSCN accounts associated with the BIN, the loaded thousands of UAOSCN accounts owned by the router and funded by the issuing bank; and upon notification of a payment transaction using such loaded UAOSCN account, charging an account of the router for an appropriate amount in settlement.