Patent ID: 7680737

Claim:
A computer-implemented method of processing a plurality of payments, the plurality of payments from a plurality of customers and payable to at least one receiver and including at least one of a check payment, a credit card payment, a debit card payment, and a stored value card payment, the method comprising: receiving, at a computer-implemented processor, the plurality of payments before a transfer of funds occurs between each of the plurality of customers and the at least one receiver; determining, with the processor, a first set of payments included in the plurality of payments to automatically accept on behalf of the at least one receiver based on a plurality of parameters; determining, with the processor, a second set of payments included in the plurality of payments to reject on behalf of the at least one receiver based on the plurality of parameters; determining, with the processor, a third set of payments included in the plurality of payments to conditionally accept on behalf of, and to hold for manual review by, the at least one receiver based on the plurality of parameters; electronically prompting the at least one receiver to accept or reject at least one payment included in the third set of payments; and electronically receiving at least one instruction from the at least one receiver related to the third set of payments.