The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Sep. 08, 2009
Filed:
Jun. 20, 2002
Glen R. Cataline, Dublin, OH (US);
William Smith Rielly, Redmond, WA (US);
Mark Robert Sheehan, Snoqualine, WA (US);
William Scott Wallace, Downingtown, PA (US);
Glen R. Cataline, Dublin, OH (US);
William Smith Rielly, Redmond, WA (US);
Mark Robert Sheehan, Snoqualine, WA (US);
William Scott Wallace, Downingtown, PA (US);
JPMorgan Chase Bank, N.A., New York, NY (US);
Abstract
The invention provides systems and methods for managing transactions. The system includes a data input portion that communicates first information regarding a payment request, as well as a decision reference data store for communicating second information regarding parameters for use in determining a payment option for the payment request. The system also includes a processor. The processor inputs the first information and the second information. Then, the processor selectably determines the payment option to direct a transmission of funds from at least one payment source to at least one payee account based on an optimization determination performed by the processor. The optimization determination may provide savings to the institution processing the transaction, or alternatively, may provide savings to the customer initiating the transaction, for example.