US 10,380,681 B2Granted

Real-time data processing

AssigneeBank of America Corporation

InventorsCharles R. Kendall, Joseph B. Castinado, Bonnie L. Dolan

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Abstract

In certain embodiments, a system for real-time overdraft detection includes one or more processors operable to: determine a deposit financial institution and deposit account based on the received check data, determine a debit financial institution and debit account based on the received check data, determine that the deposit financial institution and the debit financial institution are member financial institutions, determine a debit amount based on received check data, determine that the debit account matches an account associated with received account data, and determine that the debit amount exceeds an approved debit amount; the one or more interfaces further operable to communicate a declined transaction notification to the deposit account holder in response to determining that the debit amount exceeds the approved debit amount, the declined transaction notification notifying the deposit account holder that the debit amount cannot be credited to the deposit account holder.

Claims20

Dependent claims

A system for real-time overdraft detection, comprising:

one or more interfaces operable to:
receive account data for financial accounts at plurality of financial institutions, the received account data including one or more from the set comprising an account identifier and an approved debit amount associated with the account identifier;
and
receive check data from a scanned check, the check data indicating that an amount is to be transferred from a debit account to a deposit account;
one or more databases communicatively coupled to the one or more interfaces, the one or more databases operable to store the received account data;
one or more processors communicatively coupled to the one or more interfaces and one or more databases, the one or more processors operable to:
determine a deposit financial institution for the determined deposit account;
determine a debit financial institution for the determined debit account;
determine that the deposit financial institution and the debit financial institution have entered into an agreement with each other for the debit financial institution to verify the check and make the amount available to the deposit account within a minute of deposit of the check;
receive an insufficient funds notification from the debit financial institution indicating that the debit account has insufficient funds to cover the amount;
and
in response to the insufficient funds notification, prevent the check from being deposited.

9 more elements

A non-transitory computer readable medium comprising logic for real-time overdraft detection, the logic when executed by a processor operable to:

receive account data for financial accounts at plurality of financial institutions, the received account data including one or more from the set comprising an account identifier and an approved debit amount associated with the account identifier;
receive check from a scanned check, the check data indicating that an amount is to be transferred from a debit account to a deposit account;
store the received account data;
determine a deposit financial institution for the determined deposit account;
determine a debit financial institution for the determined debit account;
determine that the deposit financial institution and the debit financial institution have entered into an agreement with each other for the debit financial institution to verify the check and make the amount available to the deposit account within a minute of deposit of the check;
receive an insufficient funds notification from the debit financial institution indicating that the debit account has insufficient funds to cover the amount;
and
in response to the insufficient funds notification, prevent the check from being deposited.

6 more elements

Dependencies are inferred from the claim text.