Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Reexamination Certificate
2011-08-09
2011-08-09
Trammell, James P (Department: 3694)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
C705S001100, C705S026100, C705S035000, C705S038000, C705S039000, C705S040000, C705S075000, C235S462020, C370S222000, C382S101000, C455S406000
Reexamination Certificate
active
07996317
ABSTRACT:
Embodiments of the invention describe an electronic method for processing stranded payments and lockbox payments at the same designated payment location. The method includes receiving a stranded payment at a non-designated payment location, and electronically scanning the stranded payment at the non-designated payment location. The scanned information is transmitted, in a secure manner, to a designated payment location remote from the non-designated payment location. The stranded payment and a lockbox payment are cleared, in the same electronic workflow, the transmitted information is used in the clearing process. Embodiments of the invention also include updating, for each stranded and lockbox payment, the accounts receivable system of the customer receiving the stranded or lockbox payment, and transmitting a response indicating the final status of the clearing of the stranded payment to the non-designated payment location.
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“Clearing House Interbank Payments System” definition from investorwords.com, 1 page, printed on Mar. 23, 2011.
HSBC Bank USA, N.A.
Malhotra Sanjeev
Stroock & Stroock & Lavan LLP
Trammell James P
LandOfFree
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