Patent ID: 8595083

Claim:
A computer-implemented payment method for facilitating purchase transactions, the method implementing at least one computer processor and at least one computer memory, the method comprising: accessing stored instructions and data including merchant inventory records in the at least one computer memory; and executing the stored instructions to complete a purchase transaction and update the merchant inventory records by performing steps including; receiving from a merchant, purchase transaction information, the purchase transaction information including a bill payment message related to a purchase transaction by a consumer, the purchase transaction information including at least a merchant identification and a transaction amount; identifying the consumer conducting the purchase transaction; displaying an interface to the consumer, the interface related to the purchase transaction and displaying a transaction description, amount due, payment due date, and payee information, the payee information indicating the payee to which payment for the purchase is made; receiving a selection of one of multiple selectable payment options from the consumer; debiting the consumer via the selected option; providing a real-time transaction report of the purchase transaction to the merchant; and automatically updating the merchant inventory records upon completion of the purchase transaction.