Open payments target marketing system
First Claim
1. An automated banking system for identifying and analyzing payment related information between a user'"'"'s correspondent banks, customers and competitors, and acting upon said information, said system comprising:
- means for identifying incoming payments said correspondent banks route through said competitors;
means to capture incoming payment information, wherein said incoming payment information includes the correspondent bank from which said incoming payment originated, the competitor through which said payment was sent, the correspondent bank'"'"'s customer, the payment beneficiary or customer, and all payment identification information associated with said payment;
means for analyzing said incoming payment information; and
activating means for communicating said analysis to said user.
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Accused Products
Abstract
A system and method is provided by which banks implement an automated process to identify and analyze payment related information, and, more particularly, to such a system and method requiring an identification of incoming payments correspondent banks route through competitors; the capture of information, including the correspondent bank the payment originated from, the competitor the payment was sent through, the account party (correspondent bank'"'"'s customer), the payment beneficiary (customer), and payment ID information (reference numbers, date and amount) associated with such payments; the generation of an advisory message to the correspondent bank that payment can be made directly from their account (book transfer) and the generation of a report to correspondent banks identifying indirectly routed payments for the month.
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Citations
9 Claims
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1. An automated banking system for identifying and analyzing payment related information between a user'"'"'s correspondent banks, customers and competitors, and acting upon said information, said system comprising:
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means for identifying incoming payments said correspondent banks route through said competitors; means to capture incoming payment information, wherein said incoming payment information includes the correspondent bank from which said incoming payment originated, the competitor through which said payment was sent, the correspondent bank'"'"'s customer, the payment beneficiary or customer, and all payment identification information associated with said payment; means for analyzing said incoming payment information; and activating means for communicating said analysis to said user. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
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9. An automated banking system for identifying and analyzing payment related information between a user'"'"'s correspondent banks, customers and competitors, and acting upon said information on a real-time or near-real-time basis, said system comprising:
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means for identifying incoming payments said correspondent banks route through said competitors; means to capture incoming payment information, wherein said incoming payment information includes the correspondent bank from which said incoming payment originated, the competitor through which said payment was sent, the correspondent bank'"'"'s customer, the payment beneficiary or customer, and all payment identification information associated with said payment, said means to capture comprising a commercially available payments solution framework; means for analyzing said incoming payment information; means to generate an advisory message to said correspondent bank informing said correspondent bank that said payment may be made directly from their account; and means for generating a report of said indirectly routed payments.
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Specification