Abstract: A disbursement computing device for transmitting disbursements from a payor to a payee through a payment processing network is provided. The disbursement computing device is configured to receive a disbursement message including at least one disbursement payment instruction for transferring funds from a commercial disbursement financial account of a payor to a financial account of a payee. The disbursement computing device is also configured to automatically transmit, for each disbursement payment instruction, a purchase authorization request message to an issuer bank associated with the payor, and receive a payment authorization message from the issuer bank associated with the payor that the commercial disbursement financial account has a balance that is at least equal to a disbursement amount. The disbursement computing device is further configured to initiate a transfer of funds equal to the disbursement amount from the financial account of the payor to the financial account of the payee.

Abstract: A disbursement computing device for transmitting disbursements from a payor to a payee through a payment processing network is provided. The disbursement computing device is configured to receive a disbursement message including at least one disbursement payment instruction for transferring funds from a commercial disbursement financial account of a payor to a financial account of a payee. The disbursement computing device is also configured to automatically transmit, for each disbursement payment instruction, a purchase authorization request message to an issuer bank associated with the payor, and receive a payment authorization message from the issuer bank associated with the payor that the commercial disbursement financial account has a balance that is at least equal to a disbursement amount. The disbursement computing device is further configured to initiate a transfer of funds equal to the disbursement amount from the financial account of the payor to the financial account of the payee.

Abstract: A disbursement computing device for transmitting disbursements from a payor to a payee through a payment processing network is provided. The disbursement computing device is configured to receive a disbursement message including at least one disbursement payment instruction for transferring funds from a commercial disbursement financial account of a payor to a financial account of a payee. The disbursement computing device is also configured to automatically transmit, for each disbursement payment instruction, a purchase authorization request message to an issuer bank associated with the payor, and receive a payment authorization message from the issuer bank associated with the payor that the commercial disbursement financial account has a balance that is at least equal to a disbursement amount. The disbursement computing device is further configured to initiate a transfer of funds equal to the disbursement amount from the financial account of the payor to the financial account of the payee.

Abstract: Systems, methods, and computer-readable storage media are provided for routing electronic invoices. The computer system is in data communication with a network. The computer system is programmed to receive an electronic invoice in a first electronic invoice format via the network, translate the electronic invoice from the first electronic invoice format to an intermediary electronic invoice format, and identify, using the processor, a second electronic invoice format that is different than the first electronic invoice format. The computer system is further programmed to translate the electronic invoice from the intermediary electronic invoice format to the second electronic invoice format and transmit the electronic invoice in the second electronic invoice format via the network.

Abstract: One inventive step includes facilitating obtaining a payment file associated with a buyer (for example, directly from the buyer, or from a third party partner). The file includes data specifying a first form of payment from the buyer to a first biller and data specifying a second form of payment, different than the first form of payment, from the buyer to a second biller. Other inventive steps include facilitating appending first stored data to the data specifying the first form of payment to the first biller, to effectuate payment to the first biller by the first form of payment; and facilitating appending second stored data to the data specifying the second form of payment to the second biller, to effectuate payment to the second biller by the second form of payment.

Abstract: One inventive step includes facilitating obtaining a payment file associated with a buyer (for example, directly from the buyer, or from a third party partner). The file includes data specifying a first form of payment from the buyer to a first biller and data specifying a second form of payment, different than the first form of payment, from the buyer to a second biller. Other inventive steps include facilitating appending first stored data to the data specifying the first form of payment to the first biller, to effectuate payment to the first biller by the first form of payment; and facilitating appending second stored data to the data specifying the second form of payment to the second biller, to effectuate payment to the second biller by the second form of payment.

Abstract: Systems, methods, and computer-readable storage media are provided for routing electronic invoices. The computer system is in data communication with a network. The computer system is programmed to receive an electronic invoice in a first electronic invoice format via the network, translate the electronic invoice from the first electronic invoice format to an intermediary electronic invoice format, and identify, using the processor, a second electronic invoice format that is different than the first electronic invoice format. The computer system is further programmed to translate the electronic invoice from the intermediary electronic invoice format to the second electronic invoice format and transmit the electronic invoice in the second electronic invoice format via the network.

Abstract: Systems, methods, and computer-readable storage media are provided for processing electronic cross-border payments. The computer system is coupled to a payment network. The computer system is programmed to receive an identification of a payee, receive a destination currency and a payment amount, determine an exchange rate based on the destination currency and an origination currency, wherein the origination currency is based on a payor bank account, and determine a total transaction cost for converting the payment amount from the origination currency to the destination currency and for transmitting payment data over the payment network, wherein the total transaction cost includes the payment amount. The computer system is also programmed to transmit payment data over the payment network, wherein the transmission of payment data represents the payment amount being transferred from the payor bank account to a payee bank account. Remittance information may also be transmitted from payor to payee.

Abstract: The present invention provides a system and method to enable a third party service provider of EIPP services to initiate authorization and settlement of payment card payments with invoice line item data, on behalf of either Buyer/Payers or Supplier/Payees to credit card acquirers and/or transaction processors. Payment initiation is based on submission of either a pre-approved invoice or order confirmation validated against a purchase order, or an invoice approved by the Buyer/Payer organization and scheduled for payment.

Abstract: One inventive step includes facilitating obtaining a payment file associated with a buyer (for example, directly from the buyer, or from a third party partner). The file includes data specifying a first form of payment from the buyer to a first biller and data specifying a second form of payment, different than the first form of payment, from the buyer to a second biller. Other inventive steps include facilitating appending first stored data to the data specifying the first form of payment to the first biller, to effectuate payment to the first biller by the first form of payment; and facilitating appending second stored data to the data specifying the second form of payment to the second biller, to effectuate payment to the second biller by the second form of payment.

Abstract: The present invention provides a system and method for using an organization's existing ERP to perform automated reconciliation of purchasing card transactions. A buyer receives invoices from a supplier requesting payment for goods or services. The buyer's ERP validates the invoice using, for example, a three-way match process. After three-way validation, and once the invoices come due, the buyer's ERP sends the supplier an e-mail remittance advice. This remittance advice includes the buyer's partially masked purchasing card details, and a unique payment number that was previously generated by the buyer's ERP, and that is associated with a corresponding open purchase order. The supplier submits a payment authorization request to a POS device by inputing the partially masked purchasing card details and the unique payment number from the buyer ERP's e-mailed remittance advice. The payment network processes the supplier's payment request in accordance with conventional payment network authorization procedures.