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Value processing network and methods

  • US 20040039693A1
  • Filed: 06/11/2003
  • Published: 02/26/2004
  • Est. Priority Date: 06/11/2002
  • Status: Active Grant
First Claim
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1. A method of processing a transaction involving at least two parties, the method comprising:

  • establishing rules that define transaction processing between combinations of a plurality of origination entities and a plurality of destination entities;

    storing the rules at a storage arrangement associated with a host computer system;

    receiving at the host computer system transaction information relating to the transaction between the two parties, wherein one of the parties comprises a particular one of the origination entities and one of the parties comprises a particular one of the destination entities and wherein the transaction information contains at least an identifier from which at least one of the parties may be identified;

    at the host computer system, using the transaction information to identify at least one of the parties;

    consulting the storage arrangement to determine the rules that define transaction processing for the at least one party; and

    processing the transaction based, at least in part, on the rules.

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