Patent ID: 6996542

Claim:
A bill paying method performed by a third party for a payee and payor, comprising the following steps performed by the third party storing payee information, storing payor information, the payor information identifying one or more payees authorized by the payor to receive transfers of funds from the payor, and including control parameters defining the manner in which transfers of funds are to be performed, communicating with the payee and receiving for use, bill data electronically delivered from said payee to the third party without payor intervention, generating one or more electronic funds transfer messages transferring funds for a payor and a payee using bill data received from the payee, the stored payee information for the payee, and/or the stored payor information for the payor, a date of transfer for at least one bill being determined absent payor intervention based on at least one of bill data for the bill, stored payor information and stored payee information, without regard to due dates of bills of other payees.