US 2001/0034682 A1 · International banking system and method

Abstract

A system an method for providing banks with access to a previously inaccessible existing 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. A customer requests a particular international transaction to be performed by its client bank. The client bank then communicates the requested transaction to the funds transfer section in the client bank environment within the system of the provider bank. Once the client bank funds transfer section has received the requested transaction, it references the customer's accounts in the client bank environment (e.g., to debit the customer's account) and then transmit a transaction message (e.g., a payment message) to the funds transfer section of the provider bank environment. The funds transfer section of the provider bank processes the transaction as a typical correspondent bank payment across the Nostro account(s) of the client bank environment (e.g., a high value wire transfer) through one of the clearing systems. Incoming funds (i.e., credits) intended for accounts of customers of the client bank follow this flow in reverse.

Claims62

Dependent claims

A system by which a provider bank effectuates international banking transactions 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, 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 payment instruction from the client bank related to a low value payment in a particular country requested by a particular customer of the client bank, the client bank environment processor debiting the customer account of the particular customer and generating the low value payment in response to the payment 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 and coupled to a low value payment system in the particular country, the provider bank environment processor receiving the low value payment from the client bank environment processor and transmitting the low value payment to the low value payment system in the particular country, whereby the particular customer of the client bank can make the low value payment even though the client bank does not have direct access to the low value payment system in the particular country.

3 more elements

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, 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.

3 more elements

A system by which a provider bank performs lockbox processing for a plurality of customers of a client bank, the system comprising:

a central delivery point for receiving lockbox receipts on behalf of the plurality of customers of the client bank;
a provider bank environment established within the provider bank, the provider bank environment comprising:
a lockbox processing system, the lockbox processing system receiving the lockbox receipts from the central delivery point and generating credits with respect to the lockbox receipts,
a provider bank environment processor coupled to the lockbox processing system, the provider bank environment processor receiving the credits from the lockbox processing system;
and
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, coupled to the client bank, and coupled to the provider bank environment processor, the client bank environment processor receiving the credits from the provider bank environment processor and applying the credits to corresponding ones of the plurality of customer accounts, whereby the client bank can offer lockbox processing services to the plurality of customers without having any lockbox processing capability within the client bank.

5 more elements

A system by which a provider bank effectuates international banking transactions for a plurality of customers of a client bank, the provider bank employing a correspondent 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,
a client bank environment processor coupled to the plurality of customer accounts,
a first reconciliation processor coupled to the client bank environment processor, wherein the first reconciliation processor reconciles banking transactions into and out of the client bank environment;
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 and coupled to the correspondent bank, and
a second reconciliation processor coupled to the provider bank environment processor, wherein the second reconciliation processor reconciles banking transactions into and out of the provider bank environment.

5 more elements

Dependencies are inferred from the claim text.

International banking system and method

Life of this patent

International banking system and method

Life of this patent

Abstract

Claims62