Technique for financial account information processing
First Claim
Patent Images
1. A computer-implemented method, comprising:
- receiving a financial transaction comprising an account identifier comprising at least one of a financial account number or a routing transit number, wherein the financial transaction is to be processed using any of a plurality of options for performing at least one of validation of the account identifier or alteration of the account identifier, wherein the processing is performed to determine whether the financial transaction is convertible to an electronic transaction;
determining, for each of the plurality of options, a value that represents at least one factor selected from the group consisting of;
(i) a preference for the respective option, (ii) a relative success in matching at least a portion of the account identifier, (iii) accessibility through an automated clearing house network of an account corresponding to the account identifier, and (iv) a relative amount of alteration of the account identifier;
selecting one of the plurality of options based at least in part on a comparison of the respective values for each of the plurality of options; and
determining whether the financial transaction is convertible to an electronic transaction based at least in part on processing the financial transaction using the selected one of the plurality of options;
wherein the prior steps are performed by one or more financial processing computers.
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Abstract
A technique for processing information associated with a financial account is provided. Multiple options for validating and/or altering financial account information exist. A priority value for each of the options is determined. The option having the highest priority value is selected. Then, the financial account information is validated and/or altered according to the selected option.
43 Citations
23 Claims
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1. A computer-implemented method, comprising:
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receiving a financial transaction comprising an account identifier comprising at least one of a financial account number or a routing transit number, wherein the financial transaction is to be processed using any of a plurality of options for performing at least one of validation of the account identifier or alteration of the account identifier, wherein the processing is performed to determine whether the financial transaction is convertible to an electronic transaction; determining, for each of the plurality of options, a value that represents at least one factor selected from the group consisting of;
(i) a preference for the respective option, (ii) a relative success in matching at least a portion of the account identifier, (iii) accessibility through an automated clearing house network of an account corresponding to the account identifier, and (iv) a relative amount of alteration of the account identifier;selecting one of the plurality of options based at least in part on a comparison of the respective values for each of the plurality of options; and determining whether the financial transaction is convertible to an electronic transaction based at least in part on processing the financial transaction using the selected one of the plurality of options; wherein the prior steps are performed by one or more financial processing computers. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
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12. A system, comprising:
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a memory comprising computer-executable instructions; a communications interface operable to receive a financial transaction comprising an account identifier comprising at least one of a financial account number or a routing transit number, wherein the financial transaction is to be processed using any of a plurality of options for performing at least one of validation of the account identifier or alteration of the account identifier, wherein the processing is performed to determine whether the financial transaction is convertible to an electronic transaction; and a processor in communication with the communications interface and the memory, wherein the processor executes the computer executable instructions to perform the operations of; determining, for each of the plurality of options, a value that represents at least one factor selected from the group consisting of;
(i) a preference for the respective option, (ii) a relative success in matching at least a portion of the account identifier, (iii) accessibility through an automated clearing house network of an account corresponding to the account identifier, and (iv) a relative amount of alteration of the account identifier;selecting one of the plurality of options based at least in part on a comparison of the respective values for each of the plurality of options; and determining whether the financial transaction is convertible to an electronic transaction based at least in part on processing the financial transaction using the selected one of the plurality of options. - View Dependent Claims (13, 14, 15, 16, 17, 18, 19, 20, 21, 22)
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23. A system, comprising:
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means for receiving a financial transaction comprising an account identifier comprising at least one of a financial account number or a routing transit number, wherein the financial transaction is to be processed using any of a plurality of options for performing at least one of validation of the account identifier or alteration of the account identifier, wherein the processing is performed to determine whether the financial transaction is convertible to an electronic transaction; means for determining, for each of the plurality of options, a value that represents at least one factor selected from the group consisting of;
(i) a preference for the respective option, (ii) a relative success in matching at least a portion of the account identifier, (iii) accessibility through an automated clearing house network of an account corresponding to the account identifier, and (iv) a relative amount of alteration of the account identifier;means for selecting one of the plurality of options based at least in part on a comparison of the respective values for each of the plurality of options; and means for determining whether the financial transaction is convertible to an electronic transaction based at least in part on processing the financial transaction using the selected one of the plurality of options.
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Specification