Value tracking and reporting of automated clearing house transactions
First Claim
1. A computer-implemented method for value tracking of automated clearing house (“
- ACH”
) payments processed by an ACH operator, comprising the steps of;
receiving an ACH file for ACH processing, the ACH file comprising at least one ACH payment originated by a remote sending point on behalf of a sending customer;
determining whether the at least one ACH payment creates an accumulated payment value for payments processed for the sending customer during a specified time period that exceeds a pre-established payment cap;
processing the at least one ACH payment in response to a determination that the at least one ACH payment does not create an accumulated payment value that exceeds the payment cap; and
determining whether to override the payment cap and to process the at least one ACH payment in response to a determination that the at least one ACH payment creates an accumulated payment value that exceeds the payment cap.
2 Assignments
0 Petitions
Accused Products
Abstract
Value tracking of automated clearing house (“ACH”) payments processed by an ACH operator includes receiving an ACH file for ACH processing. The ACH file comprises ACH payments originated by a remote sending point on behalf of a sending customer. A sum value of the ACH payments is added to a value of prior payments processed for the sending customer during a specified time period to obtain an accumulated payment value. The accumulated payment value is compared to a pre-established payment cap to determine whether the accumulated payment value exceeds the payment cap. The ACH payments are processed in response to a determination that the accumulated payment value does not exceed the payment cap. Whether to override the payment cap can be determined in response to a determination that the accumulated payment value exceeds the payment cap.
-
Citations
76 Claims
-
1. A computer-implemented method for value tracking of automated clearing house (“
- ACH”
) payments processed by an ACH operator, comprising the steps of;
receiving an ACH file for ACH processing, the ACH file comprising at least one ACH payment originated by a remote sending point on behalf of a sending customer;
determining whether the at least one ACH payment creates an accumulated payment value for payments processed for the sending customer during a specified time period that exceeds a pre-established payment cap;
processing the at least one ACH payment in response to a determination that the at least one ACH payment does not create an accumulated payment value that exceeds the payment cap; and
determining whether to override the payment cap and to process the at least one ACH payment in response to a determination that the at least one ACH payment creates an accumulated payment value that exceeds the payment cap. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19)
- ACH”
-
20. A computer-implemented method for value tracking of automated clearing house (“
- ACH”
) payments processed by an ACH operator, comprising the steps of;
receiving an ACH file for ACH processing, the ACH file comprising an ACH batch that comprises at least one ACH payment originated by a remote sending point on behalf of a sending customer;
adding a sum value of the at least one ACH payment in the ACH batch to a value of payments previously processed for the sending customer to obtain an accumulated payment value;
comparing the accumulated payment value to a pre-established payment cap to determine whether the accumulated payment value exceeds the payment cap;
processing the at least one ACH payment in response to a determination that the accumulated payment value does not exceed the payment cap; and
determining whether to override the payment cap and to process the at least one ACH payment in response to a determination that the accumulated payment value exceeds the payment cap. - View Dependent Claims (21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39)
- ACH”
-
40. A computer-implemented method for value tracking of automated clearing house (“
- ACH”
) payments processed by an ACH operator, comprising the steps of;
receiving an ACH file for ACH processing, the ACH file comprising at least one ACH debit payment originated by a remote sending point on behalf of a sending customer;
adding a sum value of the at least one ACH debit payment to a value of prior debit payments previously processed for the sending customer during a specified time period to obtain an accumulated payment value;
determining whether the accumulated payment value exceeds a pre-established debit payment cap; and
rejecting the at least one ACH debit payment in response to a determination that the accumulated payment value exceeds the payment cap. - View Dependent Claims (41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 55, 56, 57, 58, 59)
- ACH”
-
60. A computer-implemented method for value tracking of automated clearing house (“
- ACH”
) payments processed by an ACH operator, comprising the steps of;
receiving an ACH file for ACH processing, the ACH file comprising at least one ACH payment originated by a sending point on behalf of a sending customer;
determining whether a value of the at least one ACH payment exceeds a pre-established payment cap; and
determining whether to override the payment cap and to process the at least one ACH payment in response to a determination that the value of the at least one ACH payment exceeds the payment cap. - View Dependent Claims (61, 62, 63, 64, 65, 66, 67, 68, 69, 70, 71, 72, 73, 74, 75, 76)
- ACH”
Specification