Programmatic reconciliation of electronic receivables

US11087296B1 · kind B1 · utility

Assignee

• Wells Fargo Bank, N.A. · US

Inventors

• Seth M. Blacher · San Francisco, US
• Raymond Francis Gatland · Winston-Salem, US
• Irvin J. Cooper · Columbia Heights, US
• Karin L. Farnsworth · Glen Allen, US
• Kellie L. Thomas · Woodlawn, US
• Derek D. Mohr · Plumsteadville, US

Key dates

• Filing date: Sep 6, 2016
• Grant date: Aug 10, 2021
• Expiry date: Sep 20, 2036

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q30/04
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

System and techniques for programmatic reconciliation of electronic receivables are described herein. An electronic payment remittance and an electronic payment may be received. At least one payer profile may be queried using at least one remittance identifier to obtain a remittance payer profile. The at least one payer profile data base may be queried using at least one payment identifier to obtain a payment payer profile. A referential link may be created between the electronic payment remittance and the electronic payment based on an identification that the remittance payer profile matches the payment payer profile and an identification that at least one remittance identifier matches at least one payment identifier. A payment file may be generated and transmitted based on the referential link, the payment file including an association between the electronic payment remittance, the electronic data, and the referential link. The payment file may be transmitted to a computer.