System and method for enhancing financial institution revenues through acceleration of debit processing
US7062463B2 · kind B2 · utility
20Cited by
10References
55Claims
0Family size
Assignee
Inventor
Key dates
| Filing date | Mar 31, 2003 |
| Grant date | Jun 13, 2006 |
| Priority date | — |
| Expiry date | Nov 5, 2023 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/00
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A system and method for enhancing financial institution revenue through acceleration of debit processing are provided. The method includes modeling the processing of account debit transactions, identifying ways to accelerate the processing of the account debit transactions and accelerating the account debit transactions. In a further embodiment, account debit transaction processing is accelerated from beginning on what has traditionally been referred to as Day 0 to beginning on some day before Day 0. Finally, a method and system are provided to determine the impacts of accelerating the processing of account debit transactions.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.