Invention Grant
- Patent Title: Prepayment validation by originator and beneficiary
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Application No.: US15449123Application Date: 2017-03-03
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Publication No.: US10692057B1Publication Date: 2020-06-23
- Inventor: Jal Daruwalla , Christopher Gliva , Ashia D. Kennon , Lynnel J. Kresse , Aravind Krishnasamy , Marcia Osiecki
- Applicant: Wells Fargo Bank, N.A.
- Applicant Address: US CA San Francisco
- Assignee: Wells Fargo Bank, N.A.
- Current Assignee: Wells Fargo Bank, N.A.
- Current Assignee Address: US CA San Francisco
- Agency: Foley & Lardner LLP
- Main IPC: G06Q20/10
- IPC: G06Q20/10 ; G06Q40/04

Abstract:
A method performed by a global transaction validation system includes receiving a transaction request from an originator, processing the transaction request by generating a data message containing the transaction data and by generating a notification message including at least part of the transaction data, transmitting the data message to the recipient financial institution, transmitting the notification message to a recipient device associated with the transaction recipient, receiving a return notification from the recipient device, and validating the transaction request based on the return notification indicating that the transaction is valid.
Information query