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1. (WO2018022322) METHOD AND SYSTEM FOR INTEGRATING DISCRETE INVOICES INTO A PERSONAL FINANCIAL MANAGEMENT AND BILL PAYMENT SYSTEM AND THEN AGGREGATING DISCRETE INVOICES HAVING THE SAME PAYEE BUSINESS INTO A SINGLE PAYMENT TRANSFER TRANSACTION

Pub. No.:    WO/2018/022322    International Application No.:    PCT/US2017/042082
Publication Date: Fri Feb 02 00:59:59 CET 2018 International Filing Date: Sat Jul 15 01:59:59 CEST 2017
IPC: G06Q 40/00
G06Q 10/10
Applicants: INTUIT INC.
Inventors: SHANMUGAM, Elangovan
MCCLUSKEY, Sean
AXELOWITZ, Jesse Aaron
KHURANA, Ashwin Singh
SEILNACHT, Michael J.
Title: METHOD AND SYSTEM FOR INTEGRATING DISCRETE INVOICES INTO A PERSONAL FINANCIAL MANAGEMENT AND BILL PAYMENT SYSTEM AND THEN AGGREGATING DISCRETE INVOICES HAVING THE SAME PAYEE BUSINESS INTO A SINGLE PAYMENT TRANSFER TRANSACTION
Abstract:
Invoice related financial transaction data is obtained and integrated into a personal financial management and bill payment system. Then all requested invoice payments associated with invoices represented in the invoice related financial transaction data having the same payee business are identified and collected into aggregated first payee business invoice payment request related financial transaction data. The aggregated first payee business invoice payment request related financial transaction data is then analyzed to determine the aggregated total amount owed to the payee business and this aggregated total amount is processed as a single funds transfer item by the personal financial management and bill payment system.