Method and system for an online-like account processing and management

A system for processing account information contained in batch process files in an on-line like manner, said system comprising:

• input means operable to read at least one batch file containing a plurality of records, each of said plurality of records being related to an associated one of a plurality of accounts;
• a memory in communication with said input means to store said at least one batch file;
• a processor in communication with said memory, operable to:
• identify which of said plurality of records relate to same ones of said plurality of accounts;
• select and restrict access to one of said accounts;
• process each of said records identified as relating to said selected one of said accounts prior to processing any of said records relating to any other of said plurality of accounts;
• and
• remove said restricted access to said selected one of said accounts after all said records identified with said selected one of said accounts have been processed.