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Financial data processing system with distributed data input devices and method of use

  • US 4,914,587 A
  • Filed: 08/07/1987
  • Issued: 04/03/1990
  • Est. Priority Date: 07/01/1985
  • Status: Expired due to Fees
First Claim
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1. A financial data processing system comprising:

  • central processing means, including a data bank into which data is written and from which data is read, said data including financial credit transaction information representing the balance outstanding for each credit transaction, the finance charge payable for each credit transaction, the amount due and payable for each periodic payment on said credit transaction, the identity of each obligor of said credit transaction, and the delinquency of payment, if any, on each credit transaction;

    a first level of distributed processing means including plural first terminal means coupled to said central processing means selectively operable to write into said data bank updated financial credit transaction information;

    a second level of distributed processing means including plural second terminal means coupled to the first level of distributed processing means, each second terminal means being operable by an operator to write to said first level of distributed processing means and thence into the data bank updated financial credit transaction information;

    each second terminal means having means for writing during a single operation to said first level of distributed processing means a batch of credit transaction payment data representing payment amounts and the identities of respective obligors for a batch of credit transaction payments;

    storage means associated with the first and second levels of distributed processing means, respectively, each of the first and second levels of distributed storage means being operable to store therein the updated financial credit transaction information written from the first or second plural terminal means; and

    plural display means coupled to the second level of distributed processing means to display data stored in the central data bank and in the storage means associated with the first and second levels of distributed processing means, including credit transaction payment data and credit transaction application data written into the data bank or the respective level of storage means by the operator.

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