초록 ▼

This disclosure describes a payment and disbursement system, wherein an initiator authorizes a payment and disbursement to a collector and the collector processes the payment and disbursement through an accumulator agency. The accumulator agency processes the payment as a debit-based transaction and

This disclosure describes a payment and disbursement system, wherein an initiator authorizes a payment and disbursement to a collector and the collector processes the payment and disbursement through an accumulator agency. The accumulator agency processes the payment as a debit-based transaction and processes the disbursement as an addendum-based transaction. The processing of a debit-based transaction generally occurs by electronic funds transfer (EFT) or by financial electronic data interchange (FEDI). The processing of an addendum-based transaction generally occurs by electronic data interchange (EDI).

대표청구항 ▼

[ What is claimed is:] [1.] A method of accumulating a payment and processing a disbursement comprising the steps, performed by a processor, of:instituting the payment with disbursement information from an employee to a recipient through an employer;transferring to an accumulator agency the payment

[ What is claimed is:] [1.] A method of accumulating a payment and processing a disbursement comprising the steps, performed by a processor, of:instituting the payment with disbursement information from an employee to a recipient through an employer;transferring to an accumulator agency the payment and the disbursement information from the employer;initiating by the accumulator agency the payment through a bank as a debit transaction;transmitting by the accumulator agency the disbursement to a state as a first addendum transaction;receiving at the accumulator agency disbursement transaction information from the state regarding the disbursement to the recipient as a second addendum transaction; andexecuting by the accumulator agency the disbursement to the recipient.