Financial transaction controls using sending and receiving control data

• US 8,099,340 B2
• Filed: 08/30/2006
• Issued: 01/17/2012
• Est. Priority Date: 09/02/2005
• Status: Expired due to Fees

• Current Assignee: Honda Motor Co., Ltd. (Honda Motor Company)
• Original Assignee: Honda Motor Co., Ltd. (Honda Motor Company)
• Inventors: Holmes, Frederic, Bullock, Sheri, Akahiji, Brian, Cordier, Daniel, Wu, Lester A.
• Primary Examiner(s): Gart, Matthew
• Assistant Examiner(s): Hayles, Ashford S
• Application Number:
  US11/468,471
• Publication Number:
  US 20070100716A1
• Time in Patent Office: 1,966 Days
• Field of Search: 705/35, 705/30, 705/40
• US Class Current: 705/30
• CPC Class Codes: G06Q 20/102 Bill distribution or payments
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/12 Accounting

Abstract

A financial transactions control system may impose controls on the processing of financial transaction data that is generated by sending jobs and received and processed by receiving jobs. It may include a control data generating system associated with each of the receiving jobs configured to generate receiving control data that includes at least one total of financial transaction data received by the receiving job, a storage system configured to receive and store the receiving control data and sending control data from each sending job that contains at least one total of financial transaction data sent by the sending job, and an exception identification system configured to analyze the receiving and the sending control data and to communicate an exception when an error in the control data is detected. Sending job processing systems may each have associated control data generating systems of a similar type.

Claims

1. A financial transactions control system for imposing controls on the processing of financial transaction data that includes information about transactions of different types, a one-type total of transactions of one type, and a multi-type total of transactions of more than one type, the financial transaction control system comprising:

a storage system configured to receive and store the financial transaction data, including the one-type total and the multi-type total;

a control data generating system configured to independently calculate from the received financial transaction data a one-type total of the transactions of one type and a multi-type total of the transactions of the more than one type; and

an exception identification system configured to compare the one-type total and the multi-type total that was received and stored by the storage system with the corresponding one-type total and multi-type total that was calculated by the control data generating system and to communicate an alert when any of the totals do not match, the exception identification system being configured to compare the totals in accordance with a schedule of when the financial transaction data is available.

2. The financial transactions control system of claim 1 wherein each total is of the monetary amount of the transactions that are totaled.

3. The financial transactions control system of claim 1 wherein each total is of the number of the transactions that are totaled.

4. The financial transactions control system of claim 3 wherein:

the financial transaction data includes a second one-type total of the monetary amount of the transactions of the one type and a second multi-type total of the monetary amount of the transactions of the more than one type;

the storage system is configured to receive and store the second one-type total and the second multi-type total;

the control data generating system is configured to independently calculate from the received financial transaction data a second one-type total of the monetary amount of the transactions of one type and a second multi-type total of the monetary amount of the transactions of the more than one type; and

the exception identification system is configured to compare the second one-type total and the second multi-type total that was received and stored by the storage system with the corresponding second one-type total and second multi-type total that was calculated by the control data generating system and to communicate an alert when any of the second totals do not match, the exception identification system being configured to compare the second totals in accordance with a schedule of when the financial transaction data is available.

5. The financial transactions control system of claim 1 wherein the exception identification system is configured to communicate the exception when a total is other than expected.

6. The financial transactions control system of claim 1 wherein the exception identification system is configured to communicate the exception when a total is missing.

7. The financial transactions control system of claim 6 wherein the exception identification system is configured to determine whether a total in is missing based on a schedule.

8. The financial transactions control system of claim 1 further comprising an email alert system configured to automatically issue an email alert of the exception.

9. The financial transactions control system of claim 8 wherein the email alert system is configured to track how each email is resolved.

10. The financial transactions control system of claim 1 wherein the control data generating system is configured to generate information identifying a receiving job with which the received and stored totals are associated.

11. The financial transactions control system of claim 1 wherein the financial transaction data is in different formats.

12. The financial transactions control system of claim 1 further comprising:

a sending job processing system configured to generate the financial transaction data; and

a delivery system configured to send the financial transaction data to the storage system and the control generating system.

13. The financial transactions control system of claim 1 wherein the schedule is once each day, week, month or quarter and/or on specific dates.