BUYER INITIATED PAYMENT

摘要

Transferring funds from a payment originator (or payor) to a payment beneficiary (or payee) pushes the funds directly to a beneficiary's bank. Th e beneficiary's bank is not required to actively pull funds into the beneficiary's account. An originator can use a publicly known beneficiary indicator to direct payment to the beneficiary. The publicly known beneficia ry indicator can be publicly used without exposing a beneficiary account to unauthorized debits or fraud since it can only be used to make credits to th e beneficiary account, e.g. a deposit-only account. A pre-settlement conversation is used between the two banks to verify and evaluate informatio n about an upcoming transfer of funds to determine whether to accept the funds transfer. The messages in the pre-settlement conversation contain informatio n about the transaction.