Systems and Methods for Facilitating Secured Financial Transactions

Abstract

Systems and methods for facilitating at least a portion of a secure electronic financial transaction are provided herein. Methods may include generating a unique payee identifier that represents a unique payment relationship between a payee and one or more payors, receiving a transaction request, the transaction request comprising the unique payee identifier and a payment, and authorizing a payment to the payee that corresponds to the payment.

1 . A method for facilitating at least a portion of a secure electronic financial transaction, the method comprising:
 executing instructions via a processor of a transaction processing system for:
 generating a unique payee identifier that represents a payee; 
 receiving a transaction request, the transaction request comprising an instrument that has been digitally singed by at least one payor and the unique payee identifier; and 
 authorizing a payment to the payee according to payment instructions included in the instrument. 
   
     
     
         2 . The method according to  claim 1 , further comprising verifying a digital signature associated with the transaction request. 
     
     
         3 . The method according to  claim 1 , wherein the digital signature comprises at least one of pretty good privacy (PGP) and secure socket layer (SSL) authentication. 
     
     
         4 . The method according to  claim 1 , wherein the payment instructions specify that a payee may receive a set number of authorized payments from a payor within a given period of time. 
     
     
         5 . The method according to  claim 1 , wherein the payment instructions specify that a payee may receive an aggregate payment amount from one or more payors within a given period of time. 
     
     
         6 . The method according to  claim 1 , wherein the payment instructions comprise any of contract clauses, an invoice, a letter of intent, a bill of lading, a promissory note, a mortgage, and an automated clearing house request. 
     
     
         7 . The method according to  claim 1 , wherein the payment instructions define an apportionment of the payment between two or more payors. 
     
     
         8 . The method according to  claim 1 , further comprising querying a third party to determine if the payment of a payor is allowable. 
     
     
         9 . The method according to  claim 1 , further comprising providing the authorized payment to the payee. 
     
     
         10 . The method according to  claim 1 , further comprising comparing the transaction request to a transaction template that comprises a set of established transaction specifications, wherein transaction requests that correspond to the transaction template are available for authorization. 
     
     
         11 . A system for facilitating at least a portion of a secure electronic financial transaction, the method comprising:
 a memory for storing executable instructions;   a processor for executing the instructions, wherein the instructions comprise:   an identification generator stored in memory and executable by the processor to generate a unique payee identifier that represents a payee;   a communications module stored in memory and executable by the processor to receive a transaction request, the transaction request comprising an instrument that has been digitally singed by at least one payor and the unique payee identifier; and   a transaction authorization module stored in memory and executable by the processor to authorize a payment to the payee according to payment instructions included in the instrument.   
     
     
         12 . The system according to  claim 12 , wherein the transaction authorization module verifies a digital signature associated with the transaction request. 
     
     
         13 . The system according to  claim 12 , wherein the digital signature comprises at least one of pretty good privacy (PGP) and secure socket layer (SSL) authentication. 
     
     
         14 . The system according to  claim 11 , wherein the transaction authorization module compares the transaction request to a transaction template that comprises a set of established transaction specifications, wherein the transaction template is established by a translation templating module that is stored in memory and executable by the processor. 
     
     
         15 . The system according to  claim 11 , wherein the transaction request comprises payment instructions. 
     
     
         16 . The system according to  claim 11 , wherein the payment instructions specify that a payee may receive a set number of authorized payments from at least one payor within a given period of time. 
     
     
         17 . The system according to  claim 11 , wherein the payment instructions specify that a payee may receive an aggregate payment amount from a payor within a given period of time. 
     
     
         18 . The system according to  claim 11 , wherein the payment instructions comprise any of contract clauses, an invoice, a letter of intent, a bill of lading, a promissory note, a mortgage, and an automated clearing house request. 
     
     
         19 . The system according to  claim 11 , wherein the payment instructions define an apportionment of the payment between two or more payors. 
     
     
         20 . The system according to  claim 19 , wherein the communications module further queries a third party to determine if the payment is allowable. 
     
     
         21 . The system according to  claim 11 , wherein the communications module provides the payment authorization to a bank that provides the authorized payment to the payee.