Patent ID: 8108272

Claim:
A system for providing prioritized payments from proceeds of automatic deposits when a primary authorization computer for one or more accounts enrolled in a prioritized program is unavailable to receive automatic deposits for real-time processing, the system comprising: a first computer having at least a processor and a tangible, non-transitory memory and being the primary authorization computer for a first account enrolled in the prioritize payment program at a first financial institution to thereby define a first financial institution computer, the first financial institution computer being adapted to communicate with a payroll processor, the payroll processor adapted to send and withhold at least a portion of an automatic deposit, the first financial institution computer further being adapted to communicate with a second computer associated with a second financial institution to thereby define a second financial institution computer; and computer program product stored in the non-transitory computer memory of the first financial institution computer to perform a process of associating the first account enrolled in a prioritized payment program at the first financial institution with a stand-in account associated with the payroll processor 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 first financial institution computer, cause the first financial institution computer to perform the operations of: estimating, by the first financial institution computer, a total value of prioritize payments associated with the first account enrolled in the prioritized payment program, the estimation being based on one or more unfilled pre-authorized payment request by one or more select creditors, updating the payroll processor with the estimated value of the prioritized payments, authorizing the payroll processor to withhold from the automatic deposit the estimated value of the prioritized payments responsive to the first financial institution computer being unavailable to receive the automatic deposit for real-time processing, the payroll processor adapted to deposit a balance of the automatic deposit minus the estimated value of the prioritized payments to thereby define a sweep payment from the stand-in account to a second user account at the second financial institution associated with a user enrolled in the prioritize program so that the user only has access to the automatic deposit net the estimated value of the one or more prioritized payments to be paid to select creditors, and generating by the first financial institution computer one or more prioritized payments to one or more select creditors responsive to the first financial institution computer being available to receive a deposit from the payroll processor for the estimated value of the prioritized payments withheld from the automatic deposit by the payroll processor.