METHODS AND SYSTEMS FOR BILLER INITIATED REPORTING OF PAYMENT TRANSACTIONS

摘要

A method for processing an electronic bill payment using a payment computer system coupled to a database. The payment computer includes an optional credit reporting tool. The method comprises receiving bill data representing a bill for payment directed to a consumer wherein the bill is associated with a biller receiving payment data submitted on behalf of the consumer in response to the bill determining that the biller is enrolled in the credit reporting tool wherein the biller selects enrollment in the credit reporting tool comparing the payment data to the bill data generating a payment record based on the comparison between the payment data and the bill data and electronically transmitting the payment record to an appropriate credit bureau.