Method and system for preparing a transfer document

• US 20070055627A1
• Filed: 09/01/2006
• Published: 03/08/2007
• Est. Priority Date: 09/01/2005
• Status: Abandoned Application

• Current Assignee: D+H Cheque Services Corporation (Finastra Group Holdings Ltd.)
• Original Assignee: D+H Cheque Services Corporation (Finastra Group Holdings Ltd.)
• Inventors: King, Michael, Clark, Richard, Rivest, Serge
• Application Number:
  US11/514,207
• Publication Number:
  US 20070055627A1
• Time in Patent Office: Days
• US Class Current: 705/39
• 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 30/08 Auctions
• 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 40/03 Credit; Loans; Processing thereof
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

A system and method of preparing a transfer document for a client to transfer financial services using a first account to use a second account, the method comprising the steps of: (i) preparing a transfer document to effect transfer of the financial services, each transfer document identifying at least the service to be transferred, the client, the second account, the desired date for the transfer and providing authorization from the client; and (ii) including on said transfer document of a replica of an account document, with choice of said account document determined according to the financial service being transferred and the second account.

Claims

1. A method of preparing a transfer document for a client to transfer financial services using a first account to use a second account, the method comprising the steps of:

(i) preparing a transfer document to effect transfer of the financial services, each transfer document identifying at least the service to be transferred, the client, the second account, the desired date for the transfer and providing authorization from the client; and

(ii) including on said transfer document of a replica of an account document, with choice of said account document determined according to the financial service being transferred and the second account.

2. The method of claim 1 wherein said replica account document is a replica of a voided cheque.

3. The method of claim 1 wherein said replica account document is a replica of a credit card transaction record.

4. The method of claim 1 wherein said transfer document is an electronic document and is forwarded via electronic delivery.

5. The method of claim 1, wherein said client authorization is determine according to a database which identifies client authorization requirements for different financial services.

6. The method of claim 1 wherein the first account is provided by a first financial institution and the second account is provided by a second financial institution.

7. The method of claim 1 wherein the first account is provided by a first branch of a financial institution and the second account is provided by a second branch of the financial institution.

8. The method of claim 1 wherein the first and second accounts are provided by the same financial institution, the first account being a different type of account than the second account.

9. The method of claim 1 wherein the first and second accounts are provided by the same financial institution.

10. The method of claim 1 wherein the authorization from the client in said transfer document is a digital reproduction of the signature of the client.

11. The method of claim 1 wherein the authorization from the client in said transfer document is a confirmation of a PIN identifying the client.

12. The method of claim 1 wherein the authorization from the client in said transfer document is an audio recording of the client authorizing the transfer.

13. A system for preparing transfer documents to assist a client to transfer financial services using a first account to a second account, comprising:

a transfer engine operable to create a transfer document containing transfer information required by each respective financial service to effect the desired transfers, the transfer document being populated by the transfer engine with the necessary transfer information including client identity information, client authorization and a replica of an account document associated with the financial service being transferred and the second account.

14. The system of claim 13 wherein the transfer document comprises a paper form.

15. The system of claim 13 wherein the transfer document comprises an electronic dataset.