Transmitting disbursements from a commercial financial account

Abstract

A disbursement computing device for transmitting disbursements from a payor to a payee through a payment processing network is provided. The disbursement computing device is configured to receive a disbursement message including at least one disbursement payment instruction for transferring funds from a commercial disbursement financial account of a payor to a financial account of a payee. The disbursement computing device is also configured to automatically transmit, for each disbursement payment instruction, a purchase authorization request message to an issuer bank associated with the payor, and receive a payment authorization message from the issuer bank associated with the payor that the commercial disbursement financial account has a balance that is at least equal to a disbursement amount. The disbursement computing device is further configured to initiate a transfer of funds equal to the disbursement amount from the financial account of the payor to the financial account of the payee.

1 - 20 . (canceled) 
     
     
         21 . A disbursement computing device for transmitting disbursements in real time from a payor to a plurality of payees through a payment processing network, said disbursement computing device is in communication with a payment processing server computing device, the payment processing server computing device in communication with the payment processing network, said disbursement computing device comprising a processor communicatively coupled to a memory, said processor configured to:
 receive, from a payor device, a disbursement message including a plurality of disbursement payment instructions, each of the plurality of disbursement payment instructions for transferring funds from a financial account of the payor to a financial account of a respective payee, each disbursement payment instruction including a disbursement amount;   automatically generate, in response to the disbursement message, for each disbursement payment instruction, a purchase authorization request message that includes the disbursement amount and a disbursement authorization identifier;   transmit the plurality of purchase authorization request messages to the payment processing server computing device for transmission through the payment processing network to an issuer bank associated with the payor;   receive, from the issuer bank associated with the payor, a payment authorization message corresponding to each purchase authorization request message, wherein each payment authorization message (i) indicates whether the financial account has a balance that covers the corresponding disbursement amount, and (ii) includes the corresponding disbursement authorization identifier; and   automatically initiate, through the payment processing server computing device, for each validated payment authorization message, a transfer of funds from the financial account of the payor to a financial account of each respective payee.   
     
     
         22 . The disbursement computing device of  claim 21 , wherein each disbursement payment instruction includes a payor identifier, and wherein the disbursement computing device is further configured to:
 receive a registration request message from the issuer bank associated with the payor, the registration request message including a primary account number of the financial account associated of the payor; and   assign the payor identifier to the primary account number.   
     
     
         23 . The disbursement computing device of  claim 21  further configured to transmit each validated payment authorization message to a payee bank associated with the payee for that validated payment authorization message. 
     
     
         24 . The disbursement computing device of  claim 23  further configured to receive a payment approval message from the payee bank indicating that the financial account of the payee is valid. 
     
     
         25 . The disbursement computing device of  claim 21  further configured to, for at least one validated payment authorization message, transmit a notification message to the payee that funds in the disbursement amount have been transferred to the financial account of the payee. 
     
     
         26 . The disbursement computing device of  claim 21 , wherein the disbursement computing device is further configured to:
 consolidate purchase approval requests and denials associated with each of the plurality of disbursement payment instructions in a data file; and   transmit the data file to the issuer bank associated with the payor for settlement.   
     
     
         27 . The disbursement computing device of  claim 21  further configured to:
 initiate, for each transfer of funds, a debit of funds in the corresponding disbursement amount from the financial account of the payor to a settlement financial account at the issuer bank associated with the payor; and 
 initiate, for each transfer of funds, a credit of funds in the corresponding disbursement amount to the corresponding financial account of the corresponding payee. 
 
     
     
         28 . A method for transmitting disbursements in real time from a payor to a plurality of payees through a payment processing network, the method is implemented by a disbursement computing device in communication with a payment processing server computing device, the payment processing server computing device in communication with the payment processing network, the disbursement computing device including a processor communicatively coupled to a memory, the method comprising:
 receiving, from a payor device, a disbursement message including a plurality of disbursement payment instructions, each of the plurality of disbursement payment instructions for transferring funds from a financial account of the payor to a financial account of a respective payee, each disbursement payment instruction including a disbursement amount;   automatically generating, in response to the disbursement message, for each disbursement payment instruction, a purchase authorization request message that includes the disbursement amount and a disbursement authorization identifier;   transmitting the plurality of purchase authorization request messages to the payment processing server computing device for transmission through the payment processing network to an issuer bank associated with the payor;   receiving, from the issuer bank associated with the payor, a payment authorization message corresponding to each purchase authorization request message, wherein each payment authorization message (i) indicates whether the financial account has a balance that covers the corresponding disbursement amount, and (ii) includes the corresponding disbursement authorization identifier; and   automatically initiating, through the payment processing server computing device, for each validated payment authorization message, a transfer of funds from the financial account of the payor to a financial account of each respective payee.   
     
     
         29 . The method of  claim 28 , wherein each disbursement payment instruction includes a payor identifier, and wherein the method further comprises:
 receiving a registration request message from the issuer bank associated with the payor, the registration request message including a primary account number of the financial account associated of the payor; and   assigning the payor identifier to the primary account number.   
     
     
         30 . The method of  claim 28  further comprising transmitting each validated payment authorization message to a payee bank associated with the payee for that payment authorization message. 
     
     
         31 . The method of  claim 30  further comprising receiving a payment approval message from the payee bank indicating that the financial account of the payee is valid. 
     
     
         32 . The method of  claim 28  further comprising transmitting, for at least one validated payment authorization message, a notification message to the payee that funds in the disbursement amount have been transferred to the financial account of the payee. 
     
     
         33 . The method of  claim 28 , further comprising:
 consolidating purchase approval requests and denials associated with each of the plurality of disbursement payment instructions in a data file; and   transmitting the data file to the issuer bank associated with the payor for settlement.   
     
     
         34 . The method of  claim 28 , wherein initiating a transfer of funds from the financial account of the payor to the financial account of the payee comprises:
 initiating, for each transfer of funds, a debit of funds in the corresponding disbursement amount from the financial account of the payor to a settlement financial account at the issuer bank associated with the payor; and   initiating, for each transfer of funds, a credit of funds in the corresponding disbursement amount to the corresponding financial account of the corresponding payee.   
     
     
         35 . A non-transitory computer-readable storage medium having computer-executable instructions embodied thereon for transmitting disbursements in real time from a payor to a plurality of payees through a payment processing network, wherein when executed by a disbursement computing device coupled to a payment processing server computing device in communication with the payment processing network, the disbursement computing device having a processor communicatively coupled to a memory, the computer-executable instructions cause the disbursement computing device to:
 receive, from a payor device, a disbursement message including a plurality of disbursement payment instructions, each of the plurality of disbursement payment instructions for transferring funds from a financial account of the payor to a financial account of a respective payee, each disbursement payment instruction including a disbursement amount;   automatically generate, in response to the disbursement message, for each disbursement payment instruction, a purchase authorization request message that includes the disbursement amount and a disbursement authorization identifier;   transmit the plurality of purchase authorization request messages to the payment processing server computing device for transmission through the payment processing network to an issuer bank associated with the payor;   receive, from the issuer bank associated with the payor, a payment authorization message corresponding to each purchase authorization request message, wherein each payment authorization message (i) indicates whether the financial account has a balance that covers the corresponding disbursement amount, and (ii) includes the corresponding disbursement authorization identifier; and   automatically initiate, through the payment processing server computing device, for each validated payment authorization message, a transfer of funds from the financial account of the payor to a financial account of each respective payee.   
     
     
         36 . The non-transitory computer-readable storage medium of  claim 35 , wherein each disbursement payment instruction includes a payor identifier, and wherein the computer-executable instructions further cause the disbursement computing device to:
 receive a registration request message from the issuer bank associated with the payor, the registration request message including a primary account number of the financial account associated of the payor; and   assign the payor identifier to the primary account number.   
     
     
         37 . The non-transitory computer-readable storage medium of  claim 35 , wherein the computer-executable instructions further cause the disbursement computing device to:
 transmit each validated payment authorization message to a payee bank associated with the payee for that validated payment authorization message; and   receive a payment approval message from the payee bank indicating that the financial account of the payee is valid.   
     
     
         38 . The non-transitory computer-readable storage medium of  claim 35 , wherein the computer-executable instructions further cause the disbursement computing device to transmit, for at least one validated payment authorization message, a notification message to the payee that funds in the disbursement amount have been transferred to the financial account of the payee. 
     
     
         39 . The non-transitory computer-readable storage medium of  claim 35 , wherein the computer-executable instructions further cause the disbursement computing device to:
 consolidate purchase approval requests and denials associated with each of the plurality of disbursement payment instructions in a data file; and   transmit the data file to the issuer bank associated with the payor for settlement.   
     
     
         40 . The non-transitory computer-readable storage medium of  claim 35 , wherein the computer-executable instructions further cause the disbursement computing device to:
 initiate, for each transfer of funds, a debit of funds in the corresponding disbursement amount from the financial account of the payor to a settlement financial account at the issuer bank associated with the payor; and   initiate, for each transfer of funds, a credit of funds in the corresponding disbursement amount to the corresponding financial account of the corresponding payee.