Jpmorgan Chase Bank, N.a.

Joe Martei

Raghu Vudathu

Christy Lillie

Bodhi Hwang

Mark Lanter

Justin duPont

Michael Parker

Systems and methods for dynamically switching payment mechanisms for outgoing payments are disclosed. A method may include: receiving, by a payment mechanism selection computer program, a payment request from an electronic device associated with a payor to pay a payee comprising payment parameters; presenting, by the payment mechanism selection computer program, a plurality of payment features to the payor electronic device; receiving, by the payment mechanism computer program and from the payor electronic device, a selection of a subset of the plurality of payment features; determining, by the payment mechanism selection computer program, a payor payment intent from the selection of the subset of payment features; selecting, by the payment mechanism selection computer program, a payment mechanism from a plurality of available payment mechanisms that is consistent with the payor payment intent; and executing, by the payment mechanism selection computer program, the payment using the payment mechanism.

Systems and methods for dynamically switching payment mechanisms for outgoing payments

A method may include a first party computer program: (1) receiving, a first real-time communication comprising a first offer for a first amount from a second party computer program; (2) partially accepting the first offer, causing first funds to be transferred to a second party account from a first party account; sending a second real-time communication to the second computer program comprising a partial acceptance of the first offer and a second offer for a second amount; (3) receiving, from the second computer program, partial acceptance of the second offer and a third offer for a third amount, causing second funds to be transferred to the second party account from the first party account; and (4) accepting the third offer, causing third funds to be transferred to the second party account associated from the first party account.

Systems and methods for communication and negotiation of request for payment over payment networks

Systems and methods for processing checks with machine-readable optical labels are disclosed. In one embodiment, a method for processing checks with machine-readable optical labels may include (1) receiving, by a presenting bank computer program executed by an electronic device, a check comprising a machine-readable optical label printed thereon, wherein the machine-readable optical label comprises a payor bank routing number that is encrypted with a private key for a payor bank; (2) reading, by the presenting bank computer program, the machine-readable optical label; (3) decrypting, by the presenting bank computer program, the machine-readable optical label using a public key corresponding to the private key; (4) identifying, by the presenting bank computer program, the payor bank routing number from the machine-readable optical label; and (5) routing, by the presenting bank computer program, the check to the payor bank associated with the payor bank routing number.

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Brooklyn, NY, United States of America

Joe Martei