METHOD AND APPARATUS FOR MONITORING AND VERIFYING A TRANSFER OF FINANCIAL SETTINGS
First Claim
1. A method for monitoring and verifying a transfer of financial settings, comprising:
- receiving a transfer request for a set of financial settings associated with an initial account;
transferring the set of financial settings from the initial account to a destination account in response to the transfer request;
monitoring the initial account following the transfer to determine whether a subsequent transaction occurs in the initial account subsequent to transferring the set of financial settings;
analyzing the subsequent transaction to determine whether the subsequent transaction is associated with the set of transferred financial settings; and
using information associated with the subsequent transaction and the set of transferred financial settings to identify an error for a transferred financial setting in the set of transferred financial settings;
wherein determining whether subsequent transactions are associated with the set of transferred financial settings facilitates verifying the success of the transfer.
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Accused Products
Abstract
One embodiment of the present invention provides a system that monitors and verifies a transfer of financial settings. During operation, the system receives a request to transfer a set of financial settings from an initial account to a destination account. In response to the transfer request, the system transfers the financial settings and then monitors the initial account following the transfer to determine whether any subsequent transactions occur. If so, the system analyzes each subsequent transaction to determine whether the subsequent transaction is associated with the transferred financial settings. By monitoring and analyzing subsequent transactions, the system verifies the success of the transfer.
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Citations
20 Claims
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1. A method for monitoring and verifying a transfer of financial settings, comprising:
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receiving a transfer request for a set of financial settings associated with an initial account; transferring the set of financial settings from the initial account to a destination account in response to the transfer request; monitoring the initial account following the transfer to determine whether a subsequent transaction occurs in the initial account subsequent to transferring the set of financial settings; analyzing the subsequent transaction to determine whether the subsequent transaction is associated with the set of transferred financial settings; and using information associated with the subsequent transaction and the set of transferred financial settings to identify an error for a transferred financial setting in the set of transferred financial settings; wherein determining whether subsequent transactions are associated with the set of transferred financial settings facilitates verifying the success of the transfer. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 19)
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12. A computer-readable storage medium storing instructions that when executed by a computer cause the computer to perform a method for monitoring and verifying a transfer of financial settings, the method comprising:
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receiving a transfer request for a set of financial settings associated with an initial account; transferring the set of financial settings from the initial account to a destination account in response to the transfer request; monitoring the initial account following the transfer to determine whether a subsequent transaction occurs in the initial account subsequent to transferring the set of financial settings; analyzing the subsequent transaction to determine whether the subsequent transaction is associated with the set of transferred financial settings; and using information associated with the subsequent transaction and the set of transferred financial settings to identify an error for a transferred financial setting in the set of transferred financial settings; wherein determining whether subsequent transactions are associated with the set of transferred financial settings facilitates verifying the success of the transfer. - View Dependent Claims (13, 14, 15, 16, 17, 18)
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20. An apparatus that monitors and verifies a transfer of financial settings, comprising:
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a receiving mechanism configured to receive a transfer request for a set of financial settings associated with an initial account; a transfer mechanism configured to transfer the set of financial settings from the initial account to a destination account in response to the transfer request; a monitoring mechanism configured to monitor the initial account following the transfer to determine whether a subsequent transaction occurs in the initial account subsequent to transferring the set of financial settings; and an analysis mechanism configured to analyze the subsequent transaction to determine whether the subsequent transaction is associated with the set of transferred financial settings; wherein the analysis mechanism is further configured to use information associated with the subsequent transaction and the set of transferred financial settings to identify an error for a transferred financial setting in the set of transferred financial settings; wherein determining whether subsequent transactions are associated with the set of transferred financial settings facilitates verifying the success of the transfer.
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Specification