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HIERARCHICALLY APPLIED RULES ENGINE ("HARE")

  • US 20100063903A1
  • Filed: 03/09/2009
  • Published: 03/11/2010
  • Est. Priority Date: 03/10/2008
  • Status: Abandoned Application
First Claim
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1. A computerized electronic transaction processing system for processing a requested transaction that involves a plurality of participants, comprising:

  • a database management system including a database in which data records can be stored and retrieved;

    a transaction module for receiving a request for an electronic transaction in a standardized message format from a banking association network, and wherein said transaction module is configured to interact with a transaction database to verify account information, parse said request into parsed data components, input said parsed data components into a record in said database, and communicate the identity of said database record;

    a decision module for receiving from said transaction module the identity of said database record associated with said request, said decision module configured to channel all communication with said banking association network through the transaction module, and wherein said decision module is configured to access said identified database record and to retrieve rules and associated conditions and condition values from said transaction database related to said requested transaction and to apply said rules, conditions and condition values to generate a result that relates to an approval or disapproval decision concerning said requested transaction; and

    wherein said decision module is further configured to determine one or more response codes applicable to said approval or disapproval decision concerning said requested transaction;

    a first interface mechanism associated with said decision module for communicating said one or more response codes applicable to said approval or disapproval decision to said transaction module; and

    at least one additional interface mechanism associated with said decision module for communicating with at least one of said plurality of participants to enable said at least one participant to said input rules, conditions and condition values into said transaction database for use by said decision module.

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