AUTOMATED BUDGET MANAGEMENT, MULTIPLE PAYMENT, AND PAYMENT AUTHORITY MANAGEMENT

摘要

An automated budget management and bill payment system is provided where there is at least one customer, at least 5 one bank, and multiple billers, The system has a customer registration process which requires the customer to commit to make regular customer payment to the bank for the cost of bills rendered to the customer by the billers. This enables budgeted funds for bill payment to be provided. 10 The customer payment is based on a budget setting process involving all of the anticipated bills from all of the billers over a period of time. The customer registration process also requires the customer to identify each one of the billers. A billers registration process is required 15 where each of the billers identifies a respective bill "pay into" account. The system requires the billers to forward bill details to both the customerand the bank and wherein funds are drawn/transferred directly from the budgeted funds of the customer and there is payment of the 20 drawn fund into the biller's "pay into" account for payment of a bill.