Invention Grant
- Patent Title: Same-day settlement of financial transactions
- Patent Title (中): 同日结算金融交易
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Application No.: US13751880Application Date: 2013-01-28
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Publication No.: US08666888B2Publication Date: 2014-03-04
- Inventor: David Scott Edmonds , Stephen Ray Winston
- Applicant: Capital One Financial Corporation
- Applicant Address: US VA McLean
- Assignee: Capital One Financial Corporation
- Current Assignee: Capital One Financial Corporation
- Current Assignee Address: US VA McLean
- Agency: Hunton & Williams LLP
- Main IPC: G06Q40/00
- IPC: G06Q40/00

Abstract:
A system and method to receive a financial transaction and transfer funds associated with the financial transaction into an account associated with an originator of the financial transaction to settle the financial transaction on the same day that the financial transaction is originated. The financial transaction may be one of a plurality of financial transactions and the financial transaction is identified as being eligible for same-day settlement using routing or transit numbers associated with an entity that receives the financial transaction.
Public/Granted literature
- US20130144780A1 SAME-DAY SETTLEMENT OF FINANCIAL TRANSACTIONS Public/Granted day:2013-06-06
Information query