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US Patent 7653598 Payment processing with selection of a processing parameter

Patent 7653598 was granted and assigned to Checkfree on January, 2010 by the United States Patent and Trademark Office.

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Patent abstract

A technique for making a payment to a payee on behalf of a payor is provided. A selection is made, based upon a received payment request, of a processing parameter from a group of processing parameters. The group of processing parameters consists of at least two of three processing parameters. The three processing parameters are a speed of processing, cost of processing, and a risk of processing. The payment is made according to the selected processing parameter.

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