Method and apparatus for initiating a transaction on a mobile device

US8914308B2 · kind B2 · utility

Assignee

• Bank of America Corporation · US

Inventors

• Mary R. Rosendahl · Wilmette, US
• Milton Santiago, Jr. · Chicago, US
• Daniel M. Whipple · Harrisburg, US
• Darin G. Mallory · Plainfield, US
• Christopher Hope · Tonbridge, GB
• Savit A. Pirl · Bolingbrook, US

Key dates

• Filing date: Jan 24, 2013
• Grant date: Dec 16, 2014
• Expiry date: Mar 8, 2033

Classification

• Technology area (CPC G): Physics
• CPC primary: G07F19/00
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A method and apparatus that improves the operation of treasury management functionality for a cash positioning and reporting system is provided. Several portions of the payment process may be improved. The initiation process may be streamlined by providing supplemental contact information. Transactions may be initiated from trusted templates or groups of templates. Likewise transfers between internal accounts may be created. At each stage of the process views of current transaction/transfer initiations may be viewed. Transactions that have been successfully initiated may be confirmed. Incomplete or unsuccessful initiation may be reconciled for further action by a user. Templates and transfers may be grouped and sorted.