International banking system and method
First Claim
1. A system by which a provider bank effectuates check disbursement for a plurality of customers of a client bank, the system comprising:
- a client bank environment established within the provider bank, the client bank environment comprising;
a plurality of customer accounts corresponding to the plurality of customers of the client bank, anda client bank environment processor coupled to the plurality of customer accounts and coupled to the client bank, the client bank environment processor receiving a check disbursement instruction from the client bank related to a beneficiary in a particular country, the check disbursement instruction being requested by a particular customer of the client bank, the client bank environment processor debiting the customer account of the particular customer and generating a check printing instruction in response to the check disbursement instruction from the client bank; and
a provider bank environment established within the provider bank, the provider bank environment comprising;
a provider bank environment processor coupled to the client bank environment processor, the provider bank environment processor receiving the check printing instruction from the client bank environment processor and causing a check to be printed and transmitted to the beneficiary in the particular country;
wherein the client bank has at least one account with the provider bank.
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Accused Products
Abstract
A system an method for providing banks with access to a previously inaccessible exiting international infrastructure. A provider bank first establishes on its system, a set of accounts for each of the customers of a client bank (the client bank environment). The client bank environment has its own Demand Deposit Account (DDA) module to process account entries and calculate interest and its own funds transfer module to initiate and to receive funds transfers. The primary interface into the funds transfer section in the client bank environment is to the funds transfer section of the provider bank environment. The funds transfer section of the provider bank is coupled to the systems which constitute the international banking infrastructure that is able to process banking transactions on a global basis for the customers of the client bank.
601 Citations
13 Claims
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1. A system by which a provider bank effectuates check disbursement for a plurality of customers of a client bank, the system comprising:
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a client bank environment established within the provider bank, the client bank environment comprising; a plurality of customer accounts corresponding to the plurality of customers of the client bank, and a client bank environment processor coupled to the plurality of customer accounts and coupled to the client bank, the client bank environment processor receiving a check disbursement instruction from the client bank related to a beneficiary in a particular country, the check disbursement instruction being requested by a particular customer of the client bank, the client bank environment processor debiting the customer account of the particular customer and generating a check printing instruction in response to the check disbursement instruction from the client bank; and a provider bank environment established within the provider bank, the provider bank environment comprising; a provider bank environment processor coupled to the client bank environment processor, the provider bank environment processor receiving the check printing instruction from the client bank environment processor and causing a check to be printed and transmitted to the beneficiary in the particular country; wherein the client bank has at least one account with the provider bank. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13)
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Specification