Patent ID: 8751347

Claim:
A method performed by a computing device, the method comprising: generating, by the computing device, a payables profile of a client that pays a plurality of creditors, wherein the payables profile includes identification information corresponding the plurality of creditors, a plurality of methods of payment corresponding to the plurality of creditors, and identification information corresponding to one or more financial institutions associated with the plurality of methods of payment; receiving, by the computing device, an accounts payable data file of the client, wherein the accounts payable data file includes a plurality of accounts payable entries and an amount due for the plurality of accounts payable entries; determining, by the computing device, methods of payment corresponding to the plurality of accounts payable entries based on the payables profile of the client; initiating, by the computing device, payment of a first of the plurality of accounts payable entries using a first of the plurality of methods of payment; initiating, by the computing device, payment of a second of the plurality of accounts payable entries using a second of the plurality of methods of payment; and initiating, by the computing device, payment of a third of the plurality of accounts payable entries using a third of the plurality of methods of payment, wherein initiating payment of the respective accounts payable entries comprises generating a payment request, verifying that the method of payment is in accordance with the payables profile of the client, and generating an error message when the method of payment is not verified, and wherein when the first of the plurality of methods of payment is a payment card account, initiating payment of the first of the plurality of accounts payable entries further comprises settling, by the computing device, the first of the plurality of accounts payable entries.