Abstract: Methods, systems and instructions stored on computer-readable media for receiving an invoice associated with a buyer from a vendor that includes an invoice amount. The invoice is sent to the buyer. A buyer financial institution and a buyer account are determined. A check is received from the buyer to pay the invoice. A vendor financial institution and a vendor account is determined. A custodian financial institution and a custodian account is determined. An ICL is created based in part on the received check. The ICL includes the buyer account, the buyer financial institution, the custodian account, and the payment amount to transfer into the vendor account. The ICL is sent to the custodian financial institution to transfer the payment amount from the buyer account into the custodian account. An ACH transfer of funds in the amount of the payment amount from the custodian account to the vendor account is initiated.

Abstract: Before providing goods or services, a party being paid (the “payee”) wants assurances that the party paying (the “payor”) will in fact provide payment. Such assurances are even more important when the payee is using a payment method other than cash currency. A method described includes receiving for a transaction between a payor and a payee, via a computer network, payor and payee information and transaction information; receiving from an electronic device an indication for payment for the transaction, wherein the indication includes a type of payment and a transaction amount; communicating payor and payee information, transaction amount, and type of payment to a payor bank; receiving from the payor bank a notification of assurance associated with a check for payment for the transaction; and communicating to the payee that payment for the transaction is assured.

Abstract: Methods, systems and instructions stored on computer-readable media for receiving a plurality of invoices associated a vendor and one or more buyers. Each invoice is associated with a respective buyer and includes an invoice amount to be paid by a deadline. Each invoice is sent to the respective buyer. Possible early payment invoices that are available for early payment prior to the respective deadline from the plurality of invoices are determined. Notification, including a discount, is sent to the vendor regarding the possible early payment invoices. Approval to receive early payment of one or more of the possible early payment invoices is determined. A vendor financial institution and account, and buyer financial institutions and accounts are determined. A quantity of funds based upon the invoice amount and the discount of the one or more of the possible early payment invoices is transferred from the buyer accounts to the vendor account.

Abstract: Methods, systems and instructions stored on computer-readable media for receiving an invoice associated with a buyer from a vendor that includes an invoice amount. The invoice is sent to the buyer. A buyer financial institution and a buyer account are determined. A check is received from the buyer to pay the invoice. A vendor financial institution and a vendor account is determined. A custodian financial institution and a custodian account is determined. An ICL is created based in part on the received check. The ICL includes the buyer account, the buyer financial institution, the custodian account, and the payment amount to transfer into the vendor account. The ICL is sent to the custodian financial institution to transfer the payment amount from the buyer account into the custodian account. An ACH transfer of funds in the amount of the payment amount from the custodian account to the vendor account is initiated.