Systems and methods for executing real-time reconciliation and notification of electronic transactions

US11682010B2 · kind B2 · utility

Assignee

• FIDELITY INFORMATION SERVICES, LLC · US

Inventors

• William J. Wied · Austin, US
• Aman S. CHEEMA · Hill Wootton, GB
• Manuela DRAGAN · Westfield, US
• Stephen E. Dinan · Austin, US

Key dates

• Filing date: Jun 3, 2021
• Grant date: Jun 20, 2023
• Expiry date: Jun 3, 2041

Classification

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

Abstract

Systems and methods of executing a real-time electronic transaction by a real-time transaction system are disclosed. One the method includes receiving, by a reconciliation system, a transaction update associated with a transaction request from a transaction network. The reconciliation system may authenticate the transaction update by communicating with an authentication system. The reconciliation system may translate the transaction update into at least another format. The reconciliation system may transmit the transaction update to a notification handler. The reconciliation system may receive transaction data associated with the transaction update from a transaction query system. The reconciliation system may transmit the transaction update to a transaction requestor associated with the transaction data.