Computerized asset verification system and method
First Claim
1. A method for providing an asset verification service between a requesting party and at least one financial institute holding at least one asset, comprising:
- receiving at an asset verification system an asset verification request from said requesting party, said asset verification request identifying at least one financial institution and at least one related asset;
communicating said asset verification request from said asset verification system to said identified financial institute holding said at least one related asset;
receiving at said asset verification system an asset verification response from said identified financial institute;
generating an asset verification report at said asset verification system based upon said asset verification response received from said financial institution; and
transmitting said asset verification report to said requesting party.
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Accused Products
Abstract
A provider of an asset verification system contracts with financial institutions and verifiers to provide an automated solution for verifications of deposits that is available in three service levels—as semi-customized software, as hosted software, or as an outsourced service. As a semi-customized software package, a financial institution may utilize the asset verification system and method for receiving and processing both the verification of deposits forms and any fees charged for the transaction. The asset verification system provides the financial institution with the ability to access the functionality of the system over the Internet, and may be configured to directly receive the verification of deposits forms and payment on behalf of the financial institution. Alternatively, the asset verification system may be utilized by the financial institution in an outsourced manner to receive and process both the verification of deposits forms and the payment for the transaction. The financial institution places interface for the asset verification system onto its own computer network, and asset verification system connects to this interface via a communications link. Alternatively, the asset verification system will provide the financial institution with the ability to access the functionality of the system over the internet as hosted software, and may be configured to directly receive the verification of deposit forms and payment on behalf of the financial institution.
31 Citations
9 Claims
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1. A method for providing an asset verification service between a requesting party and at least one financial institute holding at least one asset, comprising:
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receiving at an asset verification system an asset verification request from said requesting party, said asset verification request identifying at least one financial institution and at least one related asset;
communicating said asset verification request from said asset verification system to said identified financial institute holding said at least one related asset;
receiving at said asset verification system an asset verification response from said identified financial institute;
generating an asset verification report at said asset verification system based upon said asset verification response received from said financial institution; and
transmitting said asset verification report to said requesting party. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A system for providing an asset verification service between at least one requesting party and at least one financial institution holding at least one asset record, comprising:
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a first interface at said asset verification service configured to receive requesting party identification and an asset query;
a second interface at said at least one financial institution, said second interface in communication with said asset verification service, said second interface configured to receive security data and said asset query from said asset verification service and to return asset verification response data to said asset verification service; and
a third interface at said asset verification service configured to receive said asset verification response data and to generate an asset verification report. - View Dependent Claims (9)
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Specification