Patent ID: 8140431

Claim:
A computerized financial liability management method comprising: eliciting and receiving liability information into a computer system, the liability information relating to a plurality of financial liabilities associated with a client, each financial liability associated with a respective interest rate; eliciting and receiving the respective interest rate information into the computer system, the respective interest rate information corresponding to each one of the plurality of financial liabilities; allocating, in the computer system, a plurality of payments including allocating a first payment to be applied toward the plurality of financial liabilities at a first future time period and allocating a second payment to be applied toward the plurality of financial liabilities at a second future time period that is after the first future time period, wherein each of the plurality of payments is allocated among the plurality of financial liabilities as a function of the interest rates associated with the plurality of financial liabilities, wherein the allocating includes validity testing the allocation of the plurality of payments, and wherein the validity testing includes validating current account data and modifying the allocation of the plurality of payments when the validity testing returns an invalid result; obtaining a pre-confirmation from the client, and storing an indication of the confirmation in the computer system, to apply the plurality of payments toward the plurality of financial liabilities; applying the first payment toward the plurality of financial liabilities at the first time period based on the allocation of the first payment and the pre-confirmation, wherein the applying of the first payment is performed using an electronic-bill-payment system under control of the computer system; eliciting and receiving account-aggregation data into the computer system, the account-aggregation data indicating a change in one of the plurality of financial liabilities; adjusting, in the computer system, the allocation of the second payment based on the received account-aggregation data; and applying the second payment toward the plurality of financial liabilities at the second time period based on the adjusted allocation of the second payment and the pre-confirmation, wherein the applying of the second payment is performed using the electronic-bill-payment system under control of the computer system.