Invention Grant
- Patent Title: Central hub reconciliation system and method
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Application No.: US17196849Application Date: 2021-03-09
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Publication No.: US11887079B2Publication Date: 2024-01-30
- Inventor: Alexander Godshall , Ximena Bellido Hoefken , Juliette Metzger , Khyati Shah , Saurabh Chopra
- Applicant: Visa International Service Association
- Applicant Address: US CA San Francisco
- Assignee: Visa International Service Association
- Current Assignee: Visa International Service Association
- Current Assignee Address: US CA San Francisco
- Agency: Kilpatrick Townsend & Stockton LLP
- Main IPC: G06Q20/10
- IPC: G06Q20/10 ; G06Q20/38 ; G06Q20/40

Abstract:
A method and system for central hub reconciliation is disclosed. The central hub reconciliation can provide for improved methods of reconciliation between a buyer (e.g., a request realization party) and a supplier (e.g., a request originating party). A central hub server may receive a data file comprising remittance data and payment data from a request realization computer. The remittance data is associated with a request provided from a request originating computer to the request realization computer. The central hub server ay then generate a unique identifier for the data file, and provide the payment data and the unique identifier to an authorizing entity computer requesting payment on behalf of the request realization computer. The central hub provides the remittance data and the unique identifier to the request originating computer which updates a repository using the payment data and the remittance data upon finding a match.
Public/Granted literature
- US20210279698A1 CENTRAL HUB RECONCILIATION SYSTEM AND METHOD Public/Granted day:2021-09-09
Information query