Invention Grant
- Patent Title: Automated transactions clearing system and method
- Patent Title (中): 自动交易清算系统和方法
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Application No.: US13595523Application Date: 2012-08-27
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Publication No.: US08930267B1Publication Date: 2015-01-06
- Inventor: Christopher Arthur Smith , Lamour Guthrie Roberts , Kin Kei Chau
- Applicant: Christopher Arthur Smith , Lamour Guthrie Roberts , Kin Kei Chau
- Applicant Address: US NY New York
- Assignee: JPMorgan Chase Bank, N.A.
- Current Assignee: JPMorgan Chase Bank, N.A.
- Current Assignee Address: US NY New York
- Agency: Goodwin Procter LLP
- Main IPC: G06Q40/00
- IPC: G06Q40/00

Abstract:
Embodiments of the present invention are related to systems and methods of verifying the integrity of transactions that traverse through complex system workflows, and particularly, verifying the integrity of financial and non-financial transactions that traverse through a plurality of financial systems making up one or more system workflows. In one embodiment, a clearing system is disclosed to include a central clearing engine configured for processing a plurality of transactions by retrieving transaction data of at least one transaction of the plurality of transactions from at least one data source based on a selection received. After parsing the transaction data, the central clearing engine may verify transaction data integrity based on the transaction data and determine a result, and generate a report based on the result.
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