System and method for implementing transaction processing ecosystems

US11853980B2 · kind B2 · utility

Assignee

• JPMORGAN CHASE BANK, N.A. · US

Inventors

• Chris Hundling · St. Petersburg, US
• Stephen Saponara · Ringoes, US
• Matthew WINN · Glasgow, GB
• Scott Wilson · Wenatchee, US
• Anne K. Teixeira · Tampa, US
• Rohit Singh Chauhan · London, GB
• Clayton Schnelker · Valrico, US

Key dates

• Filing date: Sep 16, 2019
• Grant date: Dec 26, 2023
• Expiry date: May 31, 2040

Classification

• Technology area (CPC G): Physics
• CPC primary: G06F2205/003
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

An embodiment of the present invention is directed to financial transaction ecosystems. A transaction processing ecosystem comprises: a plurality of data sources; a capture interface; and a financial transaction processing system comprising a message bus and a plurality of processors interfacing with the message bus and configured to perform: receiving, via the capture interface, raw data for a payment transaction, wherein the raw data comprises client instructions; normalizing, via the capture interface, the raw data into a normalized transaction format based on a standard data model; publishing, via the capture interface, the normalized transaction format to a message bus; processing, via a first processor of the plurality of processors, the normalized transaction format; and completing the transaction.