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Lynne S Herrman, 627 Galleon Ln, Scarborough, ME 04074

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7 Galleon Ln, Scarborough, ME 04074    207-8835415   

930 Salem St, Lynnfield, MA 01940    781-5924215    781-5989657   

Annandale, VA   

Meadville, PA   

Airlie, VA   

Gaithersburg, MD   

Arlington, VA   

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Lynne S Herrman

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Position: Professional/Technical

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Degree: Graduate or professional degree

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Us Patents

Electronic Payment System With Variable Transaction Fee And Variable Rebate Capabilities

US Patent:
2012029, Nov 15, 2012
Filed:
May 13, 2011
Appl. No.:
13/068558
Inventors:
Christopher Curtis Martin - Portsmouth NH, US
Lynne Stewart Herrman - Scarborough ME, US
Amy Beth Hoke - Gilford NH, US
Assignee:
Bottomline Technologies (DE) Inc. - Portsmouth NH
International Classification:
G06Q 30/00
US Classification:
705 1434
Abstract:
A system for making payments from each payer of a community of payers to each supplier of a community of suppliers assesses a variable transaction fee to each supplier. The system comprises a database which associates, for each payer, identification of a group of transaction rates to apply to payments made by the payer. Associated with each transaction rate is a subgroup of suppliers to which the transaction rate applies on payments made by the payer. In response to receiving a payment instruction, a payment application generates a credit transaction to the account of the supplier in the amount of the payment less a transaction fee. The transaction fee is the amount of the first payment multiplied by the transaction rate, of the group of transaction rates associated with the payer, that associates with the subgroup of suppliers to which the first supplier is associated.

Accelerated Payment Component For An Electronic Invoice Payment System

US Patent:
2014024, Aug 28, 2014
Filed:
Feb 22, 2013
Appl. No.:
13/774491
Inventors:
- Portsmouth NH, US
Amy HOKE - Gilford NH, US
Lynne HERRMAN - Scarborough ME, US
Michael MARCINELLI - North Andover MA, US
Assignee:
BOTTOMLINE TECHNOLOGIES (DE) INC. - Portsmouth NH
International Classification:
G06Q 20/10
US Classification:
705 40
Abstract:
An invoice payment acceleration system includes a database stored on a computer readable medium including a plurality of records, each record corresponding to an invoice issued by a vendor for payment from a buyer. A network interface is configured to receive a payment initiation command from a buyer for payment of an invoice to a vendor by a first payment method. A processor is configured to analyze the invoice as to which the payment command is received to determine whether the invoice satisfies one or more predetermined criteria. The processor further is configured, when the processor determines that the invoice satisfies the one or more predetermined criteria, to convert the first payment method to a second payment method, and the second payment method provides for an accelerated payment as compared to the first payment method. The criteria for acceleration may include vendor preferences, and/or terms of a subscription service.

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