Abstract: A point of service third party adjudicated payment system is provided, wherein the system includes a point of service terminal which accepts payment system access information for payment for a purchase of at least one of a service and product by a customer. A settlement engine processes said purchase transaction so as to determine a portion of said purchase which is to be paid by the customer and returns a settlement transaction to said point of service terminal designating obligations for payment by the customer. A payment system accesses a payment account so that the customer is charged said portion of said purchase which is to be paid by the customer.
Abstract: A method for adjudicating health care expenses, which includes receiving from the point of service provider purchase transaction data, adjudicating the transaction substantially in real-time to determine whether a health care related purchase is payable from an account associated with a customer, providing an adjudicated purchase transaction to the point of service provider substantially in real-time, and paying a portion of the healthcare related purchase from an account associated with a customer.
Abstract: A method for point of service third party adjudicated payment, which includes providing payment system access information to a point of service provider, receiving from the point of service provider purchase transaction data and the payment system access information, adjudicating the transaction substantially in real-time to determine the portion payable by the customer and the portion payable by a third party, sending an adjudicated settlement transaction to the point of service provider substantially in real-time, and initiating a request to transfer funds substantially in real-time in accordance with the adjudicated settlement transaction to an account of the service provider.
Type:
Grant
Filed:
March 21, 2012
Date of Patent:
January 1, 2013
Assignee:
RealMed Corporation
Inventors:
Dean F. Boyer, W. Edward Hammersla, III
Abstract: A method for point of service third party adjudicated payment, which includes providing payment system access information to a point of service provider, receiving from the point of service provider purchase transaction data and the payment system access information, adjudicating the transaction substantially in real-time to determine the portion payable by the customer and the portion payable by a third party, sending an adjudicated settlement transaction to the point of service provider substantially in real-time, and initiating a request to transfer funds substantially in real-time in accordance with the adjudicated settlement transaction to an account of the service provider.
Type:
Grant
Filed:
April 14, 2011
Date of Patent:
April 24, 2012
Assignee:
RealMed Corporation
Inventors:
Dean F. Boyer, W. Edward Hammersala, III
Abstract: A point of service adjudicated payment system and method which provides for creation of an adjudicated settlement transaction at a point of service which designates the portion to be paid by a third party payor and the portion to be paid by a customer. A point of service terminal accepts a payment system access card, such as a credit card, for payment of a service and/or product by a customer, where at least part of the purchase is reimbursable by a third party payor. The point of service terminal creates a purchase transaction which is adjudicated by an adjudication engine substantially in real-time to determine a covered amount payable by the third party payor and any non-covered amount which is to be paid by the customer. An adjudicated settlement transaction is returned to the point of service terminal and the payment system transfers funds according to the adjudicated settlement transaction.
Type:
Grant
Filed:
October 18, 2000
Date of Patent:
May 24, 2011
Assignee:
RealMed Corporation
Inventors:
Dean F. Boyer, W. Edward Hammersla, III