System and method for collecting clearing information for implementing a global electronic funds transfer

1. A global electronic funds payment system for receiving clearing information for implementing a funds transfer, the clearing information comprising required information for performing the funds transfer, the system comprising:

a processor configured to generate a user interface for accepting clearing information, the user interface including clearing information fields, each clearing information field configured to accept clearing information;

a network interface operatively coupled to the processor and configured to provide the user interface to a user and receive the clearing information from the user, wherein the clearing information includes a selected clearing method;

a database operatively coupled to the processor and encoded to a non-transitory computer readable medium, the database including at least one clearing information rule defining a relationship between at least one of the clearing information fields and the clearing information received from the user, wherein the at least one clearing information rule includes a selected clearing method rule specifying the addition of at least one specified clearing information field to the user interface for accepting the clearing information required to perform the funds transfer according to the selected clearing method;

the processor further configured to analyze the clearing information received from the user in relation to the at least one clearing information field by applying the at least one clearing information rule, and based thereon dynamically update another of the clearing information fields, wherein the processor applies the selected clearing information rule, resulting in the addition of the at least one specified clearing information field to the user interface for accepting the clearing information required to perform the funds transfer according to the selected clearing method; and

the network interface further configured to provide the dynamically updated user interface to the user and receive further clearing information.

2. The global electronic funds payment system of claim 1 , wherein dynamically updating the user interface comprises at least one of removing a specified clearing information field from the user interface and adding the specified clearing information field to the user interface, wherein the specified clearing information field is set forth by the at least one clearing information rule.

3. The global electronic funds payment system of claim 2 , wherein:

the at least one clearing information rule includes a populating clearing method rule specifying information for populating the specified clearing information field based on the received clearing information;

dynamically updating the user interface further comprises populating the specified clearing information field with the information specified by the populating clearing method.

4. The global electronic funds payment system of claim 1 , wherein:

the clearing information fields are grouped into sections, dynamically updating the user interface comprises adding a specified clearing information field to the user interface, and new sections are added to the user interface as the specified clearing information field is added; and

the new sections added to the user interface are specified by the at least one clearing information rule.

5. The global electronic funds payment system of claim 1 , wherein the clearing information fields are grouped into sections related to at least one of payment information, originator information, default information, beneficiary information, payee information, payment details, and receiver information.

6. The global electronic funds payment system of claim 1 , wherein a user enters clearing information in a given clearing information field using at least one of a drop down list, a drop down calendar, a text box, a check box, and a radio button.

7. The global electronic funds payment system of claim 6 , wherein dynamically updating the user interface comprises modifying how the user enters clearing information in the given clearing information field.

8. The global electronic funds payment system of claim 6 , wherein dynamically updating the user interface comprises modifying selectable clearing information available in a given clearing information field.

9. The global electronic funds payment system of claim 1 , the clearing information additionally including at least one of payment method, or payment type.

10. The global electronic funds payment system of claim 9 , the selected clearing method including at least one of Canadian Electronic Funds Transfer (EFT), Australian Direct Entry, New Zealand Bulk Electronic Clearing System (BECS), United Kingdom (UK) Bankers' Automated Clearing Services (Bacs), and UK Faster Payments.

11. The global electronic funds payment system of claim 1 , wherein the system implements an electronic funds transfer based on the clearing information.

12. The global electronic funds payment system of claim 1 , wherein the network interface provides the clearing information to a bank's transaction processing system for performing an electronic funds transfer based on the clearing information.

13. The global electronic funds payment system of claim 1 , wherein the funds transfer is an Automated Clearing House (ACH) payment.

14. The global electronic funds payment system of claim 1 , wherein the user interface comprises a user interface displayed to a user.