Patent ID: 8055557

Claim:
A system for providing prioritized payments from proceeds of automatic deposits, the system comprising: a computer associated with a financial institution defining a financial institution computer, the financial institution computer having a non-transitory memory, the financial institution computer being associated with an electronic communications network, and positioned to receive, process, and send an automated clearing house (ACH) file; and computer program product associated with the financial institution computer, stored in the non-transitory computer memory, and used to perform a process of associating a prepaid card account with an automatic deposit and a process of providing prioritized payments from the automatic deposit, the computer program product comprising a set of instructions that, when executed by the financial institution computer, cause the financial institution computer to perform the operations of: maintaining one or more lists of prepaid card account identifiers for a plurality of prepaid user card accounts enrolled in a prioritized payment program at the financial institution, the prioritized payment program allowing the prepaid card user to pre-authorize payment requests by one or more select creditors, matching, responsive to receipt through an ACH electronic data communication network of an incoming ACH file including at least one account identifier, the at least one account identifier in the incoming ACH file with an account identifier in the one or more lists of account identifiers for prepaid card accounts enrolled in the prioritized payment program, the at least one account identifier being associated with the automatic deposit, the automatic deposit destined for the prepaid card account, determining, responsive to matching the at least one account identifier in the incoming ACH file, whether the prepaid card account is associated with one or more pre-authorized payment requests by one or more select creditors to thereby define one or more prioritized payments, and appending to the incoming ACH file the one or more prioritized payments to one or more select creditors to thereby create an outgoing ACH file so that the one or more prioritized payments is adapted to be deducted from the automatic deposit and credited to the one or more select creditors, and a balance of the automatic deposit is adapted to be credited to the prepaid card account.