Transaction exchange platform for handling returned transactions

US12165156B2 · kind B2 · utility

Assignee

• CAPITAL ONE SERVICES, LLC · US

Inventors

• Nishant Srivastava · Glen Allen, US
• Eric K. Barnum · Midlothian, US
• Suresh Chander Ramaraj · Glen Allen, US
• Eric Smith · Forest Meadow Mobile Home Park, US
• Earle Michael Lee · Midlothian, US
• Kumari Bhawprita · Glen Allen, US

Key dates

• Filing date: Jan 3, 2023
• Grant date: Dec 10, 2024
• Expiry date: Jan 3, 2043

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q20/407
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Aspects described herein may relate to a transaction exchange platform using a streaming data platform (SDP) and microservices to process transactions according to review and approval workflows. The transaction exchange platform may receive transactions from origination sources, which may be added to the SDP as transaction objects. As the transactions are received, the transactions may be analyzed to detect duplicate transactions and/or errors in the transactions. The transaction exchange platform may take steps to remediate transactions that are recognized as duplicates or predicted to generate one or more errors. Similarly, the transaction exchange platform may take steps to remediate transactions that are rejected by a clearinghouse.