Method and system for an online-like account processing and management

• US 20070156556A1
• Filed: 12/19/2006
• Published: 07/05/2007
• Est. Priority Date: 03/28/2000
• Status: Active Grant

• Current Assignee: Bevely Kirby, Daniel Chaput, Doug Bender, James Tsakalas, Jean Sirica, Jeff Ryan, John Lamb, Kathy Barrett, Keven Busque, Marie Engel, Mark Smith, Marshall Kaplan, Nora Medina, Richard Adelson, Sandra Meyerhofer, Williams M. Kathleen
• Original Assignee: Bevely Kirby, Daniel Chaput, Doug Bender, James Tsakalas, Jean Sirica, Jeff Ryan, John Lamb, Kathy Barrett, Keven Busque, Marie Engel, Mark Smith, Marshall Kaplan, Nora Medina, Richard Adelson, Sandra Meyerhofer, Williams M. Kathleen
• Inventors: Lamb, John, Kaplan, Marshall, Medina, Nora, Williams, M. Kathleen, Barrett, Kathy, Ryan, Jeff, Adelson, Richard, Bender, Doug, Smith, Mark, Busque, Keven, Meyerhofer, Sandra, Tsakalas, James, Engel, Marie, Kirby, Bevely, Sirica, Jean, Chaput, Daniel
• Granted Patent: US 7,685,190 B2
• Time in Patent Office: Days
• US Class Current: 705/35
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/102 Bill distribution or payments
• CPC Class Codes: G06Q 20/108 Remote banking, e.g. home banking
• CPC Class Codes: G06Q 20/1085 involving automatic teller machines [ATMs]
• CPC Class Codes: G06Q 30/04 Billing or invoicing
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/08 Insurance
• CPC Class Codes: Y10S 707/99945 Object-oriented database structure processing
• CPC Class Codes: Y10S 707/99948 Application of database or data structure, e.g. distributed, multimedia, or image

Abstract

The present invention is embodied in an online-like transaction processing method and system for processing account information contained in batch process files, the method including: reading at least one batch file containing a plurality of records, each of the plurality of records being related to an associated one of a plurality of accounts; identifying which of the plurality of records relate to same ones of the plurality of accounts; identifying one of the accounts; and, processing all of the records identified as relating to the one of the accounts together and independent of processing any of the records relating to any other of the plurality of accounts.

Claims

1. A computer software product for processing account information and comprising a computer readable medium including computer executable code for:

reading at least one file containing a plurality of records, wherein each of said plurality of records is associated with one of a plurality of accounts, and at least two of the records are identified with a common one of the accounts;

restricting access to the common account;

processing each of the records identified as relating to the common account prior to processing records relating to others of said plurality of accounts; and

unrestricting access to the common account after all of the records identified as related to the common account are processed; and

processing others of the records identified as relating to others of the accounts.

2. The computer software product of claim 1, wherein the computer readable medium further includes computer executable code for:

creating a work queue which includes index-like entries which identify each of the plurality of records that relate to the common account; and

selecting the common account in accordance with a control cycle.

3. The computer software product of claim 2, wherein the computer readable medium further includes computer executable code for reporting the results of processing of each selected account.

4. The computer software product of claim 2, wherein the computer readable medium further includes computer executable code for storing the results of processing of each selected account.

5. The computer software product of claim 2, wherein the computer readable medium further includes computer executable code for validating said records.

6. The computer software product of claim 2, wherein the computer readable medium further includes computer executable code for selecting preexisting ones of said accounts prior to new ones of said accounts.

7. The computer software product of claim 2, wherein the control cycle is selected from the group consisting of:

daily, day specific, weekly, monthly, quarterly and yearly.

8. The computer software product of claim 2, wherein the processing comprises debiting said common account.

9. The computer software product of claim 2, wherein the processing comprises reconciling said selected account.

10. The computer software product of claim 2, wherein the processing comprises creating bills.

11. The computer software product of claim 2, wherein the processing comprises determining disbursements.

12. The computer software product of claim 2, wherein the processing comprises generating notices.

13. The computer software product of claim 2, wherein the computer readable medium further includes computer executable code for backing up said common account.

14. The computer software product of claim 13, wherein said backup occurs at preselected intervals.

15. computer software product of claim 13, wherein said backup occurs upon detection of a predetermined event.