Application life-cycle transition record recreation system

• US 10,402,796 B2
• Filed: 08/29/2016
• Issued: 09/03/2019
• Est. Priority Date: 08/29/2016
• Status: Active Grant

• Current Assignee: Bank of America Corp.
• Original Assignee: Bank of America Corp.
• Inventors: Castagna, Brandon Matthew
• Primary Examiner(s): Wong, Eric T
• Application Number:
  US15/249,894
• Publication Number:
  US 20180060836A1
• Time in Patent Office: 1,100 Days
• CPC Class Codes: G06Q 20/023 the neutral party being a clearing house
• CPC Class Codes: G06Q 20/0655 e-cash managed centrally
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/389 Keeping log of transactions for guaranteeing non-repudiation of a transaction
• CPC Class Codes: G06Q 2220/00 Business processing using cryptography

Abstract

Embodiments of the invention are directed to a system, method, or computer program product for utilizing a block chain distributed network for generation of blocks with searchable metadata code embedded therein for recreating a historic record of how a transaction is processed from a client origination to external clearing. The invention provides a process by which a distributed ledger technology is utilized to store complete payment structures and their events across application life-cycles to recreate a historic record of event processing. The record allows for complex tracking and tracing across complex event processing where data points are received, spliced, and processed across multiple applications in a high quantity high velocity environment.

Claims

1. A system for application life-cycle transition record recreation, the system comprising:

a memory device with computer-readable program code stored thereon;

a communication device;

a processing device operatively coupled to the memory device and the communication device, wherein the processing device is configured to execute the computer-readable program code to;

receive a file for processing to external clearing, wherein the file comprises one or more transactions;

process the file through processing structure to slice the file into batches, wherein each transaction is sliced from the file into one of the batches, wherein placement of the each transaction into the one of the batches is based on a geographic location of the each transaction or a clearance amount of the each transaction;

generate blocks on a private block chain distributed network, wherein the blocks comprise a debit of the file and a credit the batch upon parsing;

process the batch into payments via parsing;

add blocks to the private block chain distributed network, wherein the blocks comprise a debit of the batch and a credit the payment upon parsing;

reassemble the payment into batches and files for external clearing;

add blocks to the private block chain distributed network, wherein the blocks comprise a credit of the batch and a debit of the payment upon reassembly;

compile the blocks for each transaction across the private block chain distributed network; and

generate an application life-cycle record for each transaction including steps of origination, processing steps, and external clearance, wherein the application life-cycle record comprises a time stamp for completion of each step.

2. The system of claim 1, wherein the blocks are formed into a block chain, wherein the block chain is associated with one transaction from the one or more transactions within the received file.

3. The system of claim 1, wherein the block chain forms a life-cycle recreation of the transaction illustrating each file, batch, or payment being credited or debited with the transaction through the processing to external clearance.

4. The system of claim 1, further comprising searching and tracking of transactions via searchable metadata coded into the blocks of the block chain that are unique to each transaction, wherein searching for the metadata associated with a specific transaction generates a life-cycle report of the processing of the specific transaction.

5. The system of claim 1, further comprising triggering a generation of a block and associating the block with a block chain on the private block chain distributed network upon processing of a transaction through an application or event during the processing to external clearing.

6. The system of claim 1, wherein receiving the file further comprises receiving from a client a file of one or more payments for processing and external clearing to a user, wherein the transaction is an individual payment from the client to the user.

7. The system of claim 1, further comprising processing the one or more transactions as payments for validation and internal clearance prior to reassembling into a batch and file for external clearing.

8. A computer program product for application life-cycle transition record recreation, the computer program product comprising at least one non-transitory computer-readable medium having computer-readable program code portions embodied therein, the computer-readable program code portions comprising:

an executable portion configured for receiving a file for processing to external clearing, wherein the file comprises one or more transactions;

an executable portion configured for processing the file through processing structure via parsing the file to a batch;

an executable portion configured for generating blocks on a private block chain distributed network, wherein the blocks comprise a debit of the file and a credit the batch upon parsing;

an executable portion configured for processing the file through processing structure to slice the file into batches, wherein each transaction is sliced from the file into one of the batches, wherein placement of the each transaction into the one of the batches is based on a geographic location of the each transaction or a clearance amount of the each transaction;

an executable portion configured for adding blocks to the private block chain distributed network, wherein the blocks comprise a debit of the batch and a credit the payment upon parsing;

an executable portion configured for reassembling the payment into batches and files for external clearing;

an executable portion configured for adding blocks to the private block chain distributed network, wherein the blocks comprise a credit of the batch and a debit of the payment upon reassembly;

an executable portion configured for compiling the blocks for each transaction across the private block chain distributed network; and

an executable portion configured for generating an application life-cycle record for each transaction including steps of origination, processing steps, and external clearance, wherein the application life-cycle record comprises a time stamp for completion of each step.

9. The computer program product of claim 8, wherein the blocks are formed into a block chain, wherein the block chain is associated with one transaction from the one or more transactions within the received file.

10. The computer program product of claim 8, wherein the block chain forms a life-cycle recreation of the transaction illustrating each file, batch, or payment being credited or debited with the transaction through the processing to external clearance.

11. The computer program product of claim 8, further comprising an executable portion configured for searching and tracking of transactions via searchable metadata coded into the blocks of the block chain that are unique to each transaction, wherein searching for the metadata associated with a specific transaction generates a life-cycle report of the processing of the specific transaction.

12. The computer program product of claim 8, further comprising an executable portion configured for triggering a generation of a block and associating the block with a block chain on the private block chain distributed network upon processing of a transaction through an application or event during the processing to external clearing.

13. The computer program product of claim 8, wherein receiving the file further comprises receiving from a client a file of one or more payments for processing and external clearing to a user, wherein the transaction is an individual payment from the client to the user.

14. The computer program product of claim 8, further an executable portion configured for comprising processing the one or more transactions as payments for validation and internal clearance prior to reassembling into a batch and file for external clearing.

15. A computer-implemented method for application life-cycle transition record recreation, the method comprising:

providing a computing system comprising a computer processing device and a non-transitory computer readable medium, where the computer readable medium comprises configured computer program instruction code, such that when said instruction code is operated by said computer processing device, said computer processing device performs the following operations;

receiving a file for processing to external clearing, wherein the file comprises one or more transactions;

processing the file through processing structure to slice the file into batches, wherein each transaction is sliced from the file into one of the batches, wherein placement of the each transaction into the one of the batches is based on a geographic location of the each transaction or a clearance amount of the each transaction;

generating blocks on a private block chain distributed network, wherein the blocks comprise a debit of the file and a credit the batch upon parsing;

processing the batch into payments via parsing;

adding blocks to the private block chain distributed network, wherein the blocks comprise a debit of the batch and a credit the payment upon parsing;

reassembling the payment into batches and files for external clearing;

adding blocks to the private block chain distributed network, wherein the blocks comprise a credit of the batch and a debit of the payment upon reassembly;

compiling the blocks for each transaction across the private block chain distributed network; and

generating an application life-cycle record for each transaction including steps of origination, processing steps, and external clearance, wherein the application life-cycle record comprises a time stamp for completion of each step.

16. The computer-implemented method of claim 15, wherein the blocks are formed into a block chain, wherein the block chain is associated with one transaction from the one or more transactions within the received file.

17. The computer-implemented method of claim 15, wherein the block chain forms a life-cycle recreation of the transaction illustrating each file, batch, or payment being credited or debited with the transaction through the processing to external clearance.

18. The computer-implemented method of claim 15, further comprising searching and tracking of transactions via searchable metadata coded into the blocks of the block chain that are unique to each transaction, wherein searching for the metadata associated with a specific transaction generates a life-cycle report of the processing of the specific transaction.

19. The computer-implemented method of claim 15, further comprising triggering a generation of a block and associating the block with a block chain on the private block chain distributed network upon processing of a transaction through an application or event during the processing to external clearing.

20. The computer-implemented method of claim 15, further comprising processing the one or more transactions as payments for validation and internal clearance prior to reassembling into a batch and file for external clearing.