Method and system for an online-like account processing and management

• US 7,685,190 B2
• Filed: 12/19/2006
• Issued: 03/23/2010
• Est. Priority Date: 03/28/2000
• Status: Expired due to Fees

• Current Assignee: Hartford
• Original Assignee: Hartford
• Inventors: Lamb, John, Meyerhofer, Sandra J., Busque, Keven J., Adelson, Richard A., Bendel, Doug, Kaplan, Marshall, Medina, Nora, Engel, Marie T., Barrett, Kathleen, Ryan, Jeffrey J., Tsokalas, James, Sirica, Jean A., Kirby, Beverly I., Williams, M. Kathleen, Smith, Mark J., Chaput, Daniel B.
• Primary Examiner(s): LeRoux; Etienne P
• Assistant Examiner(s): Nguyen; Cindy
• Application Number:
  US11/641,558
• Publication Number:
  US 20070156556A1
• Time in Patent Office: 1,190 Days
• Field of Search: 705/35, 707/4, 707/1, 707/8
• US Class Current: 707/704
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/102 Bill distribution or payments
• CPC Class Codes: G06Q 20/108 Remote banking, e.g. home banking
• CPC Class Codes: G06Q 20/1085 involving automatic teller machines [ATMs]
• CPC Class Codes: G06Q 30/04 Billing or invoicing
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/08 Insurance
• CPC Class Codes: Y10S 707/99945 Object-oriented database structure processing
• CPC Class Codes: Y10S 707/99948 Application of database or data structure, e.g. distributed, multimedia, or image

Abstract

The present invention is embodied in an online-like transaction processing method and system for processing account information contained in batch process files, the method including: reading at least one batch file containing a plurality of records, each of the plurality of records being related to an associated one of a plurality of accounts; identifying which of the plurality of records relate to same ones of the plurality of accounts; identifying one of the accounts; and, processing all of the records identified as relating to the one of the accounts together and independent of processing any of the records relating to any other of the plurality of accounts.

Claims

1. A method for processing account information comprising:

reading by the processor at least one file containing a plurality of records, wherein each of said plurality of records is associated with one of a plurality of accounts, and at least two of the records are identified with a common one of the accounts;

restricting by the processor access to the common account;

processing by the processor each of the records identified as relating to the common account prior to processing records relating to others of said plurality of accounts; and

unrestricting by the processor access to the common account after all of the records identified as related to the common account are processed; and

processing by the processor others of the records identified as relating to others of the accounts.

2. The method of claim 1, further comprising:

creating a work queue which includes index-like entries which identify each of the plurality of records that relate to the common account; and

selecting the common account in accordance with a control cycle.

3. The method of claim 2, further comprising reporting the results of processing of each selected account.

4. The method of claim 2, further comprising storing the results of processing of each selected account.

5. The method of claim 2, further comprising validating said records.

6. The method of claim 2, further comprising selecting preexisting ones of said accounts prior to new ones of said accounts.

7. The method of claim 2, wherein the control cycle is selected from the group consisting of:

daily, day specific, weekly, monthly, quarterly and yearly.

8. The method of claim 2, wherein the processing comprises debiting said common account.

9. The method of claim 2, wherein the processing comprises reconciling said selected account.

10. The method of claim 2, wherein the processing comprises creating bills.

11. The method of claim 2, wherein the processing comprises determining disbursements.

12. The method of claim 2, wherein the processing comprises generating notices.

13. The method of claim 2, further comprising backing up said common account.

14. The method of claim 13, wherein said backup occurs at preselected intervals.

15. The method of claim 13, wherein said backup occurs upon detection of a predetermined event.