G - Physics – 06 – Q
Patent
G - Physics
06
Q
G06Q 40/00 (2012.01)
Patent
CA 2666572
The present invention provides systems, methods, and computer program products for performing validation and clearance at a transaction item level for transaction received in a batch format. Each transaction of the batch is stored separately in a storage system, such as a logical database. Typically, image data and electronic data for a transaction are stored separately in the storage system and may be linked to each other. Each transaction is separately accessible and/or updateable. Each transaction stored in the storage system is separately analyzed to validate that the transaction is at least balanced. Transactions that determined to be balanced are cleared irrespective of a balance status associated with other transactions associated with the batch of transactions, such that transactions are individually cleared as opposed to being cleared in a batch format.
Abernethy George Miller
Dryer Eric
Hollander Ronald
Huff Lowell Robert
Kang Sean
Bank Of America Corporation
Ridout & Maybee Llp
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