Abstract: Methods and systems for providing smart gross management of repairs and exceptions for payment processing are presented. In some embodiments, a computing device may receive data regarding a plurality of payment transactions involving a client account of a financial institution. Subsequently, the computing device may identify one or more rejected and/or otherwise defective transactions in the plurality of transactions. After identifying such rejected transactions, the computing device may create an account entry for an amount corresponding to the plurality of transactions. Notably, such an account entry may be created, and a corresponding debit or credit may be made, prior to initiating repairs for the rejected transactions. After creating the account entry, the computing device may initiate repairs for the rejected transactions. The computing device also may send a notification indicating that the amount corresponding to the plurality of transactions has been debited or credited to the client account.

Abstract: Apparatus for coordinating a rule-based relationship between a bank, a vendor and a merchant is provided. The apparatus may include a vendor data platform, a vendor payment platform and a vendor clearing platform. The vendor data platform may receive a vendor name, a vendor identification number and vendor banking information and may this information into a third party database maintained by a third party. The vendor payment platform may receive the vendor identification number and a payment amount electronically associated with the vendor identification number without the banking information and transmit, to the third party, the vendor identification number and the payment amount. The vendor clearing platform may receive, from the third party, the payment amount and the banking information, and may transmit information to a clearing house. The information may initiate a transfer of funds into a vendor bank account.

Abstract: Apparatus for coordinating a rule-based relationship between a bank, a vendor and a merchant is provided. The apparatus may include a vendor data platform, a vendor payment platform and a vendor clearing platform. The vendor data platform may receive a vendor name, a vendor identification number and vendor banking information and may this information into a third party database maintained by a third party. The vendor payment platform may receive the vendor identification number and a payment amount electronically associated with the vendor identification number without the banking information and transmit, to the third party, the vendor identification number and the payment amount. The vendor clearing platform may receive, from the third party, the payment amount and the banking information, and may transmit information to a clearing house. The information may initiate a transfer of funds into a vendor bank account.