Patent ID: 8560452

Claim:
A method for routing payment transactions electronically, comprising: receiving, using a payments interface processor, payment transactions by a financial institution, each of said payment transactions being directed to a payment destination account from a payment source account; interrogating, using the payments interface processor, each of said payment transactions to identify a payment transaction processing path for the payment transaction; routing, using the payments interface processor, credit or debit card payment transactions having both a payment source account and a payment destination account with the financial institution to an internal credit or debit card payment transaction processing path of the financial institution and automated clearing house payment transactions having both a payment source account and a payment destination account with the financial institution to an internal automated clearing house payment transaction processing path of the financial institution; processing, using an internal credit or debit card payment transaction processor, the credit or debit card payment transactions having both a payment source account and a payment destination account with the financial institution; and processing, using an internal automated clearing house payment transaction processor, the automated clearing house payment transactions having both a payment source account and a payment destination account with the financial institution.