System supporting automated clearing house (ACH) features

US8606661B2 · kind B2 · utility

Assignee

• Bank of America Corporation · US

Inventors

• Greg Clark · San Francisco, US
• David Divers · Beaverdam, US
• Mike Fabian · Uxbridge, US
• Rick Forbis · Howe, US
• Robin W. Glowski · Sachse, US
• Terry L. Lewis · Palatka, US
• Keith Loving · Chesterfield, US
• Dave Mauney · Charlotte, US
• Jennifer Ona · Andover, US
• Dawn M. Patton · Matthews, US
• Cheryl E. Robinson · Doraville, US
• Patricia A. Stewart · Chino Valley, US

Key dates

• Filing date: Mar 30, 2009
• Grant date: Dec 10, 2013
• Expiry date: Nov 9, 2029

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/12
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Techniques for supporting an automated clearing house system (ACH) for facilitating resolution of ACH transactions. When a transaction item is blocked for an account, the associated transaction is paused so that the transaction item can be presented to the client. When the indication from the client is indicative of accepting the transaction item, the transaction is allowed to process. When the indication is indicative of returning the transaction item, the transaction is stopped and the transaction item is returned. On-line authorization maintenance information may be received from the client so that transaction items can be processed based on the on-line authorization maintenance information, which may be used edit a current authorization entry or to create a new authorization entry for a trading partner. A decision to approve a blocked transaction item may be decided by an employee of a client. However, approval may further require approval by a second employee.