US Patent:
20200364760, Nov 19, 2020
Inventors:
- Purchase NY, US
Andrea Christine GILMAN - Chappaqua NY, US
Jennifer WANG - Corona NY, US
Abhinav BHATT - Rye Brook NY, US
Chhomthyda CHHUAN - Long Island City NY, US
Daniel BAE - Greenwich CT, US
Alonso ARAUJO - New York NY, US
James Nicholas MORTIMER - Amersham, GB
Monica TAYLOR - Saint Charles MO, US
Eitan AHIMOR - White Plains NY, US
Christopher MURRAY - Ballwin MO, US
Mark N. SAVOYE - Hartsdale NY, US
Robert PACIFICO - Ridgefield CT, US
Ashfaq KAMAL - White Plains NY, US
Karan SHARMA - Jersey City NJ, US
Assignee:
MASTERCARD INTERNATIONAL INCORPORATED - Purchase NY
International Classification:
G06Q 30/04
G06Q 40/02
G06Q 10/10
G06Q 10/08
G06Q 20/40
G06Q 20/10
G06Q 30/06
G06F 16/25
Abstract:
A method for real-time invoice updating and account-to-account payment includes: receiving invoice data based on presentation of an invoice by a distributor to a recipient at a delivery location, modification of the invoice by the recipient, and acceptance of the invoice by the recipient; generating a request for payment (RFP) message based on the invoice data; transmitting the RFP message to a financial institution associated with the recipient via a financial institution of the distributor; receiving, from the financial institution associated with the distributor, a payment confirmation for the invoice based on a real-time payment from the financial institution associated with the recipient; generating reconciliation data based on the payment confirmation and the invoice data; and transmitting the reconciliation data to a computing device of the distributor and a computing device of the recipient.