Patent attributes
In one embodiment, a method for automated account migration may include a migration computer program. The migration computer program may execute steps including receiving an AR file comprising one or more incoming payments from a client; identifying a payor for each incoming payment, each payor having a payor record; enriching the payor record with payor information from a third-party database; identifying a client of the financial institution in a client database that is potentially the payor, the client database comprising a plurality of client records; generating a confidence score for the client using a scoring engine; associating the payor with the client in response to the confidence score being above a threshold; identifying an optimal payment mechanism for payment for a payor account to an account for the client with the financial institution; and implementing the optimal payment mechanism.
