Patent ID: 8249961

Claim:
A system comprising: a processor; a data bus coupled to the processor; and a computer-usable medium embodying computer program code, the computer-usable medium being coupled to the data bus, the computer program code for managing purchase, billing, and payment transactions and comprising instructions executable by the processor and configured for: receiving instructions cross-referencing a consolidated purchase card having a unique identifier to each of a plurality of vendor accounts of the user having individual unique vendor account identifiers corresponding thereto, wherein the unique identifier is usable at vendor points of sale as a proxy for the individual unique vendor account identifiers for settlement of purchases by the user; in response to a purchase request using the consolidated purchase card at a specific vendor's point of sale, determining whether the consolidated purchase card is cross-referenced to a vendor-issued account that is activated with the vendor; in response to determining whether the consolidated purchase card is cross-referenced to a vendor-issued account that is activated with the vendor, initiating execution of the purchase using the consolidated purchase card; thereafter, aggregating a plurality of such purchases using the consolidated purchase card into a consolidated billing statement comprising a plurality of individual billing statements, wherein each individual billing statement in said plurality of individual billing statements comprises at least one purchase transaction initiated using the unique identifier; presenting said consolidated billing statement to said user for payment; receiving payment instructions comprising at least two individual source accounts designated by the user from a plurality of source accounts and a payment funds amount to be applied to each of said individual billing statements in said plurality of billing statements; using a payment priority rule to generate a payment priority value for each of said individual billing statements; and using said payment priority value to process said payment instructions to prioritize the initiation of a payment of said payment funds amount from said designated individual source accounts of said plurality of source accounts to predetermined vendor accounts corresponding to individual vendors.