Systems, methods and computer program products facilitating automated confirmations and third-party verifications

• US 7,383,232 B2
• Filed: 10/23/2002
• Issued: 06/03/2008
• Est. Priority Date: 10/24/2001
• Status: Active Grant

• Current Assignee: Capital Confirmation Incorporated (The Woodbridge Co. Ltd.)
• Original Assignee: Capital Confirmation Incorporated (The Woodbridge Co. Ltd.)
• Inventors: Fox, Charles Brian
• Primary Examiner(s): Worjloh; Jalatee
• Application Number:
  US10/278,667
• Publication Number:
  US 20030078896A1
• Time in Patent Office: 2,050 Days
• Field of Search: 705/1, 705/35, 705 50- 59, 705/64, 705 39- 41, 713182-186
• US Class Current: 705/78
• CPC Class Codes: G06Q 20/0855 involving a third party
• CPC Class Codes: G06Q 20/108 Remote banking, e.g. home banking
• CPC Class Codes: G06Q 20/367 involving electronic purses or money safes
• CPC Class Codes: G06Q 20/382 insuring higher security of transaction
• CPC Class Codes: G06Q 20/401 Transaction verification
• CPC Class Codes: G06Q 20/4012 Verifying personal identification numbers [PIN]
• CPC Class Codes: G06Q 50/00 Information and communication technology [ICT] specially adapted for implementation of business processes of specific business sectors, e.g. utilities or tourism healthcare informatics G16H
• CPC Class Codes: G06Q 99/00 Subject matter not provided for in other groups of this subclass

Abstract

Systems and methods are defined for facilitating the audit process involving a financial institution, a client of the financial institution, and an accountant. A service provider receives the client'"'"'s account information from the financial institution upon approval of the client. The financial institution also provides an identification number allowing the accountant to access the information deposited in the service provider. The accountant is provided the identification number in one of a variety of ways allowing the accountant to access the client'"'"'s information to facilitate an audit process. In this manner, an audit process can be facilitated and reduce the sending of paper copies from the financial institution to the accountant.

Claims

1. A method for providing financial information of a client to an accountant over a communications network, comprising:

receiving and storing, at a service provider computer, client financial information transmitted from a financial institution computer, wherein the client financial information includes financial information and one or more account numbers uniquely identifying the client financial information;

receiving by the service provider an accountant identification data from an accountant computer;

receiving at the financial institution computer a request from a client computer to generate a PIN;

generating the PIN by the financial institution computer;

transmitting the PIN to the client computer;

transmitting the PIN from the client computer to the service provider computer;

transmitting an identifier and an account code from the client computer to the accountant computer;

authenticating the accountant by the service provider using the accountant identification data;

receiving by the service provider the identifier and the account code from the accountant computer;

comparing the PIN with the identifier, and the account code with the account identifier, and based on the comparison retrieving client financial information using the account code; and

transmitting the client financial information to the accountant computer.

2. The method of claim 1, further comprising protecting received client financial information using secure communication protocols.

3. The method of claim 1, wherein the client financial information includes a date and an account balance as of the date.

4. The method of claim 1, wherein the communications network is an open communications network.

5. The method of claim 1, wherein the communications network is a virtual private network.

6. The method of claim 1, wherein receiving the client financial information further comprises receiving one or more bank account numbers of the client.

7. The method of claim 1, wherein receiving the account code further comprises receiving one or more bank account numbers.

8. The method of claim 1, wherein PIN is valid for a predetermined time period or number of uses.

9. The method of claim 1 wherein the financial institution computer transmits client financial information on a periodic basis.

10. The method of claim 1 wherein the financial institution computer transmits client financial information on an as needed basis.

11. The method of claim 1 wherein the accountant identification data further comprises identification information, authorization information, and payment information.

12. A system for providing financial information of a client to an accountant over a communications network:

comprising;

means for receiving and storing, at a service provider computer, client financial information transmitted from a financial institution computer, wherein the client financial information includes financial information and an account number uniquely identifying the client financial information;

means for receiving by the service provider an accountant identification data from an accountant computer;

means for receiving at the financial institution computer a request from a client computer to generate a PIN;

means for generating the PIN by the financial institution computer;

means for transmitting the PIN to the client computer;

means for transmitting the PIN from the client computer to the service provider computer;

means for transmitting an identifier and an account code from the client computer to the accountant computer;

means for authenticating the accountant by the service provider using the accountant identification data;

means for receiving by the service provider the identifier and the account code from the accountant computer;

means for comparing the PIN with the identifier, and the account code with the account identifier, and based on the comparison retrieving client financial information using the account code; and

means for transmitting the client financial information to the accountant computer.

13. A processor-readable medium containing computer program instructions for providing financial information of a client to an accountant over a communications network that will cause a processor to:

receive and store, at a service provider computer, client financial information transmitted from a financial institution computer, wherein the client financial information includes financial information and an account number uniquely identifying the client financial information;

receive at the service provider computer an accountant identification data from an accountant computer;

receive at the financial institution computer a request from a client computer to generate a PIN;

generate the PIN by the financial institution computer;

transmit the PIN to the client computer;

transmit the PIN from the client computer to the service provider computer;

transmit an identifier and an account code from the client computer to the accountant computer;

authenticate the accountant by the service provider using the accountant identification data;

receive at the service provider computer the identifier and the account code from the accountant computer;

compare the PIN with the identifier, and the account code with the account identifier, and, based on the comparison, retrieve client financial information using the account code; and

transmit the client financial information to the accountant computer.