WO2001091068A3 - Method and system for settlement processing - Google Patents

Method and system for settlement processing Download PDF

Info

Publication number
WO2001091068A3
WO2001091068A3 PCT/US2001/016465 US0116465W WO0191068A3 WO 2001091068 A3 WO2001091068 A3 WO 2001091068A3 US 0116465 W US0116465 W US 0116465W WO 0191068 A3 WO0191068 A3 WO 0191068A3
Authority
WO
WIPO (PCT)
Prior art keywords
transaction
entry
ach
file
settlement processing
Prior art date
Application number
PCT/US2001/016465
Other languages
French (fr)
Other versions
WO2001091068A2 (en
Inventor
Edward A Bednarski
James J Zimmermann
Julie H Yeh
Original Assignee
Electronic Data Syst Corp
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Electronic Data Syst Corp filed Critical Electronic Data Syst Corp
Priority to AU2001264784A priority Critical patent/AU2001264784A1/en
Publication of WO2001091068A2 publication Critical patent/WO2001091068A2/en
Publication of WO2001091068A3 publication Critical patent/WO2001091068A3/en

Links

Classifications

    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/02—Payment architectures, schemes or protocols involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/02—Payment architectures, schemes or protocols involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
    • G06Q20/023—Payment architectures, schemes or protocols involving a neutral party, e.g. certification authority, notary or trusted third party [TTP] the neutral party being a clearing house
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/04—Payment circuits
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/08—Payment architectures
    • G06Q20/18—Payment architectures involving self-service terminals [SST], vending machines, kiosks or multimedia terminals

Abstract

A transaction (30) is initiated by a user (12) at an automatic teller machine (14) or an institution (20). The transaction is communicated to a settlement processor (18). The transaction is then stored in one of a plurality of tables (80) and an entry in an automated clearing house (ACH) file (32) and a report (100) is generated based on a type (42) associated with the transaction. The entry in the ACH file may direct the funds affected by the transaction to one of up to five to one of up to five different accounts at up to one of five different institutions (20).
PCT/US2001/016465 2000-05-22 2001-05-21 Method and system for settlement processing WO2001091068A2 (en)

Priority Applications (1)

Application Number Priority Date Filing Date Title
AU2001264784A AU2001264784A1 (en) 2000-05-22 2001-05-21 Method and system for settlement processing

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
US57641600A 2000-05-22 2000-05-22
US09/576,416 2000-05-22

Publications (2)

Publication Number Publication Date
WO2001091068A2 WO2001091068A2 (en) 2001-11-29
WO2001091068A3 true WO2001091068A3 (en) 2002-03-28

Family

ID=24304329

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/US2001/016465 WO2001091068A2 (en) 2000-05-22 2001-05-21 Method and system for settlement processing

Country Status (2)

Country Link
AU (1) AU2001264784A1 (en)
WO (1) WO2001091068A2 (en)

Families Citing this family (1)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US20140188705A1 (en) * 2013-01-01 2014-07-03 Bank Of America Corporation Surcharge adverse sensitivity calculator

Citations (5)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US5220501A (en) * 1989-12-08 1993-06-15 Online Resources, Ltd. Method and system for remote delivery of retail banking services
WO1996034358A1 (en) * 1995-04-25 1996-10-31 Every Penny Counts, Inc. System and its method of use for accepting financial overpayments
US5649116A (en) * 1995-03-30 1997-07-15 Servantis Systems, Inc. Integrated decision management system
WO1999022326A1 (en) * 1997-10-27 1999-05-06 Bankamerica Corporation Open-architecture system for real-time consolidation of information from multiple financial systems
WO1999027479A1 (en) * 1997-11-21 1999-06-03 Watson Craig M Integrated bill consolidation, payment aggregation, and settlement system

Patent Citations (5)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US5220501A (en) * 1989-12-08 1993-06-15 Online Resources, Ltd. Method and system for remote delivery of retail banking services
US5649116A (en) * 1995-03-30 1997-07-15 Servantis Systems, Inc. Integrated decision management system
WO1996034358A1 (en) * 1995-04-25 1996-10-31 Every Penny Counts, Inc. System and its method of use for accepting financial overpayments
WO1999022326A1 (en) * 1997-10-27 1999-05-06 Bankamerica Corporation Open-architecture system for real-time consolidation of information from multiple financial systems
WO1999027479A1 (en) * 1997-11-21 1999-06-03 Watson Craig M Integrated bill consolidation, payment aggregation, and settlement system

Also Published As

Publication number Publication date
AU2001264784A1 (en) 2001-12-03
WO2001091068A2 (en) 2001-11-29

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