US Patent 10068295 Merchant portal system with explanation of benefits

A method for facilitating the delivery of electronic funds and conveying an explanation of benefits (EOB) to a service provider is described herein. A claim for payment by a service provider (such as a physician's office) is adjudicated by a third party administrator which authorizations payment in an amount and also provides an EOB explaining the payment authorization. A virtual payment card is generated and transmitted to the provider or the merchant acquirer for the provider. When the service provider logs into its merchant portal to view and reconcile payment card deposits, the EOB is viewable with its associated payment deposit record.