Patents Assigned to Payformance Corporation
  • Publication number: 20100257081
    Abstract: The invention provides a system and method for facilitating secure payments to a payee. In accordance with the invention, a payee can enroll and/or register with a customized account processing center (CAPC). The CAPC can include payment information about the payee, such as the payee's account number and the payee's preferred payment format. When a payee is registered and elects payment via electronic funds transfer, the CAPC issues instructions to the bank to transfer funds from the payer's bank account to the payee's bank account which may be at the same bank or at a different bank. The CAPC can also create a detailed record of payment histories which are accessible to the payee. The CAPC also can send a notification to the payee when a payment is made.
    Type: Application
    Filed: June 16, 2010
    Publication date: October 7, 2010
    Applicant: Payformance Corporation
    Inventor: Brian L. RITCHIE
  • Publication number: 20100138243
    Abstract: A claim processing system, claim processors, and a settlement agency are disclosed for assisting in paying one or more providers. The agency can also provide the providers with an updated claim processing status through updates received from the claim processors. An advantage of this system is that by providing the providers with a common portal or interface in which they find the claim status information; the payers may experience lower call volume, less disputed claims, and frustrated providers.
    Type: Application
    Filed: October 2, 2009
    Publication date: June 3, 2010
    Applicant: Payformance Corporation
    Inventor: Lynn E. Carroll
  • Patent number: 7069250
    Abstract: A method and system for verifying a check that is being used for an on-line transaction, utilizes a hash code value either printed directly on the check, or obtained from an insert card provided by a check printer. To conduct an on-line transaction using a check, the customer enters in data obtained from a MICR line of the check, whereby the data includes a one-way hash value that is based on the data provided on the MICR line as well as private data not provided on the MICR line. A web server of an e-tailer for which the customer seeks to make the on-line transaction, receives the data entered by the customer. The web server of the e-tailer transmits, to a check verifier, the data entered by the customer. The check verifier verifies whether or not the check is valid, by comparing the hash code value entered in by the customer with a hash code value that is separately calculated by the check verifier, based on private data of the customer obtained by the check verifier from a database.
    Type: Grant
    Filed: October 15, 2001
    Date of Patent: June 27, 2006
    Assignee: Payformance Corporation
    Inventors: William D. Meadow, Randall A. Gordie, Jr., Sanjay P. Ahuja
  • Patent number: 7006632
    Abstract: A self-authenticating check authorization system and method includes a check that has standard bank and account information printed on the MICR line, as well as a one-way hash value that is computed based on the standard bank and account information as well as a personal identification code of a customer. The scanned MICR line data is provided to a check verifier, which also receives the personal identification code from the customer. The check verifier performs a hashing algorithm on the received data, and compares the computed hash value to a hash value obtained from the scanned MICR line data. If there is a match, the check is verified; if not, the check is not verified.
    Type: Grant
    Filed: May 18, 2001
    Date of Patent: February 28, 2006
    Assignee: Payformance Corporation
    Inventors: William D. Meadow, Randall A. Gordie, Jr., Sanjay P. Ahuja
  • Patent number: 6170744
    Abstract: A self-authenticating document is created by providing a one-way hash value in a symbol creation process, and then using a public key to decrypt data of the self-authenticating document. Raw data to be provided with the self-authenticating document is received, and an account digital signature key is retrieved and used to sign the raw data. A non-repudiation hash value from a previously-created self-authenticating document is utilized, and the raw data and the digital signature key is combined with the hash value to create a new hash value for the self-authenticating document. The hashed data is then encrypted, and any non-encrypted fields are merged in to create a full data packet. The full data packet is used to provide a self-authenticating symbol, such as a bar code label, on the self-authenticating document. The self-authenticating code is used during a document verification step to ensure that the document is genuine.
    Type: Grant
    Filed: September 24, 1998
    Date of Patent: January 9, 2001
    Assignee: Payformance Corporation
    Inventors: Warren S. Lee, William D. Meadow