Real-time interbank transactions systems and methods

US11669813B1 · kind B1 · utility

Assignee

• Wells Fargo Bank, N.A. · US

Inventors

• Alan W. Hecht · San Francisco, US
• Ann M. Kirk · San Francisco, US
• Brian M. Pearce · Pleasanton, US
• Steven E. Puffer · Champlin, US
• Wairnola Marria Rhodriquez · San Francisco, US
• Javier S. Silva · Concord, US

Key dates

• Filing date: Dec 22, 2016
• Grant date: Jun 6, 2023
• Expiry date: Jun 30, 2039

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q2220/00
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A method of performing an off-us deposit with reversal is provided. The method includes receiving, by a depository bank computing system associated with a depository bank, a request identifying an amount of a transfer of funds from a paying bank, different from the depository bank, into an account associated with a customer of the depository bank. The method further includes crediting, by the depository bank computing system, the account of the customer of the depository bank by the amount of the transfer of funds. The method further includes determining, by the depository bank computing system, a need for a reversal of the transfer of funds from the account of the customer of the depository bank. The method further includes reversing, by the depository bank computing system, the transfer of funds from the account of the customer by the amount of the transfer of funds.