Invention Grant
- Patent Title: Many-to-many correspondence: methods and systems for replacing interbank funds transfers
- Patent Title (中): 多对多通信：替代银行间资金转移的方法和系统
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Application No.: US12550899Application Date: 2009-08-31
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Publication No.: US08156044B2Publication Date: 2012-04-10
- Inventor: Richard C. Johnson
- Applicant: Richard C. Johnson
- Applicant Address: US CA Redwood Shores
- Assignee: Oracle International Corporation
- Current Assignee: Oracle International Corporation
- Current Assignee Address: US CA Redwood Shores
- Agency: Kilpatrick Townsend & Stockton LLP
- Main IPC: G06Q40/00
- IPC: G06Q40/00
Abstract:
By establishing a correspondence account in each Financial Service Provider (FSP) of a group of FSPs and a secure inter-FSP messaging mechanism, transfers of funds entirely within member FSPs (FSP 1, FSP 2, FSP 3, FSP 4) may be combined with secure messaging to effectively transfer funds between buyers in one FSP (FSP 2) and sellers in another FSP (FSP 1) without actual transfer of funds between FSP's.
Public/Granted literature
- US20090327146A1 MANY-TO-MANY CORRESPONDENCE: METHODS AND SYSTEMS FOR REPLACING INTERBANK FUNDS TRANSFERS Public/Granted day:2009-12-31
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