Ujin Chang - Naperville IL, US William Young - San Francisco CA, US Gary Williams - Redwood City CA, US Peter Hazlehurst - Foster City CA, US Matthew Aman - San Mateo CA, US
International Classification:
G06Q 40/00
US Classification:
705 39, 705 35, 705 40
Abstract:
A system for managing electronic deposits remitted to billers includes a first node connected to a network for receiving electronic remittances, a data repository connected to the network for storing account information and account identifier data, a first software routine for looking up account information in the data repository based on received account identifier data, and a second software routine for causing a deposit or credit into an account identified by the account identifier data. Each account subject to electronic deposit is registered with the system, the system issuing an account identifier unique to each account, the identifier used in place of the account number by account owners in remittance instruction to payers.