Central check clearing system

Details Central check clearing system Central check clearing system

1989-08-07

1993-11-23

Envall, Jr., Roy N.

Boots, shoes, and leggings

235379, G06F 1520, G06G 752

Patent

active

052650073

ABSTRACT:
A central check clearing association by which different member banks and financial institutions can each settle debit and credit balances with respect to other member institutions on a predetermined periodic basis and methods and systems by which the association is operable. The system and method is independent of conventional central bank district geographic and institutional boundaries and time zones.

REFERENCES:
patent: 4172552 (1979-10-01), Case et al.
patent: 4270042 (1981-05-01), Case
patent: 4358671 (1982-11-01), Case
patent: 4523330 (1985-06-01), Cain
patent: 4694397 (1987-09-01), Grant et al.
patent: 4727243 (1988-02-01), Savar
patent: 4823264 (1989-04-01), Deming
A. Greenspan, "Clearing and Settlement: Past and Future", American Banker, Oct. 26, 1990, p. 4.
"Proposals for Long-Term Improvements to the Check Collection System", American Banker Plus, Feb. 4, 1988.
"Electronic Payments Volume Will Gain at Corporations", American Banker, Dec. 5, 1983, p. 30.
"Boycott of Automated Clearing System in London Is Said Close to Resolution" American Banker, Mar. 28, 1984, p. 2.

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