Patent · US Active

Same-day settlement of financial transactions

US8364585B1 · kind B1 · utility

1Cited by

18References

24Claims

0Family size

Assignee

Capital One Financial Corporation · US

Inventors

David Scott Edmonds · Glen Allen, US
Stephen Winston · Glen Allen, US

Key dates

Filing date	Nov 1, 2006
Grant date	Jan 29, 2013
Priority date	—
Expiry date	Nov 1, 2026

Classification

Technology area (CPC G)Physics
CPC primaryG06Q40/00
WIPO fieldIT methods for management
WIPO sectorElectrical engineering

Abstract

A system and method to receive a financial transaction and transfer funds associated with the financial transaction into an account associated with an originator of the financial transaction to settle the financial transaction on the same day that the financial transaction is originated. The financial transaction may be one of a plurality of financial transactions and the financial transaction is identified as being eligible for same-day settlement using routing or transit numbers associated with an entity that receives the financial transaction.

Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.