Method and system for facilitating invoice data, payment credit transfers, real-time package tracking, and account-to-account payment on delivery

• Main Authors: Bhatt, Abhinav, Chhuan, Chhomthyda, Sharma, Karan, Mortimer, James Nicholas, Kamal, Ashfaq, Pacifico, Robert, Ahimor, Eitan, Taylor, Monica, Savoye, Mark N, Bae, Daniel, Murray, Christopher, Gilman, Andrea Christine, Araujo, Alonso, Wang, Jennifer, Sabat, Viviane
• Format: Patent
• Language: English
• Published: 08.10.2024
• Subjects: CALCULATING; COMPUTING; COUNTING; DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES; ELECTRIC DIGITAL DATA PROCESSING; PHYSICS; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR

A method for real-time invoice updating and account-to-account payment includes: receiving invoice data based on presentation of an invoice by a distributor to a recipient at a delivery location, modification of the invoice by the recipient, and acceptance of the invoice by the recipient; generating a request for payment (RFP) message based on the invoice data; transmitting the RFP message to a financial institution associated with the recipient via a financial institution of the distributor; receiving, from the financial institution associated with the distributor, a payment confirmation for the invoice based on a real-time payment from the financial institution associated with the recipient; generating reconciliation data based on the payment confirmation and the invoice data; and transmitting the reconciliation data to a computing device of the distributor and a computing device of the recipient.