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US Patent 7930248 Technique for calculating payee specific time to payment completion

Patent 7930248 was granted and assigned to Checkfree on April, 2011 by the United States Patent and Trademark Office.

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Patent abstract

A technique for determining a period of time to complete a payment to a payee is provided. The time that each of one or more payments to a payee is issued is stored. Post-issue event information associated with each of the one or more payments is received. The period of time to complete a future payment to that payee on behalf of a payor is then determined based upon the stored payment issue time information and the received post-issue event information.

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