Open payments target marketing system

Details Open payments target marketing system Open payments target marketing system

2006-08-29

2009-11-24

Abdi, Kambiz (Department: 3692)

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Finance

Reexamination Certificate

active

07624070

ABSTRACT:
A system and method is provided by which banks implement an automated process to identify and analyze payment related information, and, more particularly, to such a system and method requiring an identification of incoming payments correspondent banks route through competitors; the capture of information, including the correspondent bank the payment originated from, the competitor the payment was sent through, the account party (correspondent bank's customer), the payment beneficiary (customer), and payment ID information (reference numbers, date and amount) associated with such payments; the generation of an advisory message to the correspondent bank that payment can be made directly from their account (book transfer) and the generation of a report to correspondent banks identifying indirectly routed payments for the month.

REFERENCES:
patent: 6076074 (2000-06-01), Cotton et al.
patent: 2006/0229896 (2006-10-01), Rosen et al.
Hp.com, “Open Payments Target Marketing System” Oct. 2005.

Affiliated with

Also associated with

Rating

Open payments target marketing system does not yet have a rating. At this time, there are no reviews or comments for this patent.

If you have personal experience with Open payments target marketing system, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Open payments target marketing system will most certainly appreciate the feedback.

Rate now

Comments { 0 }

Profile ID: LFUS-PAI-O-4065627