Patent ID: 7660766

Claim:
A method comprising: receiving, by a computing system comprising one or more processors of a payment service provider, a payment request to direct a payment to a payee on behalf of a payor; constructing, by the computing system of the payment service provider responsive to receiving the payment request, pre-posting information based at least in part on information extracted from the payment request, wherein the pre-posting information is for notifying the payee of the payment request prior to directing payment to the payee and not for causing posting of payment by the payee; transmitting, by the computing system the payment service provider to the payee, the pre-posting information, wherein the pre-posting information is transmitted during a time period in which the payor may still modify or cancel the payment request; directing, by the payment service provider, the payment to the payee on behalf of the payor subsequent to the transmission of the pre-posting information; and issuing, by the payment service provider, remittance advice to the payee in association with the direction of the payment.