US 11,055,678 B1
Systems and methods for employer direct electronic payment
Coy Christensen, Scottsdale, AZ (US)
Assigned to Worldpay, LLC, Symmes Township, OH (US)
Filed by Vantiv, LLC, Symmes Township, OH (US)
Filed on Dec. 28, 2017, as Appl. No. 15/856,737.
Int. Cl. G06Q 20/10 (2012.01); G06Q 20/34 (2012.01); G06Q 20/20 (2012.01); G06Q 20/24 (2012.01); G06Q 40/00 (2012.01); G06Q 20/40 (2012.01)
CPC G06Q 20/105 (2013.01) [G06Q 20/202 (2013.01); G06Q 20/24 (2013.01); G06Q 20/341 (2013.01); G06Q 20/409 (2013.01); G06Q 40/125 (2013.12)] 20 Claims
OG exemplary drawing
 
1. A method for establishing an employer payment system, the method comprising:
registering at least one employer with the employer payment system hosted at an acquirer processor;
receiving, at the acquirer processor, information about at least one employee of the at least one employer from at least one database of the employer;
registering, at the acquirer processor, the at least one employee of the at least one employer with the employer payment system;
generating, by the acquirer processor, at least one of a token and account identification of the at least one registered employee;
issuing, by the acquirer processor, an employee payment card to the at least one employee identifying the at least one registered employee and employer;
receiving, by the acquirer processor, an authorization request with the at least one of the token and account identification of the at least one registered employee;
identifying, by the acquirer processor, the at least one registered employee associated with the at least one of the token and account identification of the at least one registered employee;
determining, by the acquirer processor, whether the employee is authorized for a requested transaction associated with the authorization request based on an employee information accessed from the at least one database of the employer;
sending, by the acquirer processor, to the point of sale terminal, an authorization for the requested transaction upon determining that the employee is authorized for the requested transaction;
upon receiving an approval authorization for the requested transaction, sending, by the acquirer processor, a transaction request from the point of sale terminal to at least one of an employee deposit account and a credit account associated with the employee;
upon receiving the transaction request from the point of sale terminal, transferring funds electronically from an employer's funds account in accordance with the transaction request between a merchant and employee, the transferring performed by the acquirer processor;
updating, by the acquirer processor, the at least one database of the employer with transaction information associated with the requested transaction once the transfer of funds is completed; and
settling, by the acquirer processor, the transaction between the employer and the employee.