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US 2004/0167865 A1Published application
Apparatus and method for data interchange
AssigneeLoffa Interactive Corp. Inc.
InventorManuel Alemany
Life of this patent
Estimating the term…
Abstract
An apparatus and method for data interchange provides a universal transaction mechanism for translating and sharing data, particularly financial data, thereby streamlining the exchange of financial information and approvals typically utilized in many brokerage transactions, including the verification of free funds through an electronic Letter of Free Funds in compliance with Regulation T and related government-mandated rules and requirements.
Claims30
An apparatus comprising:
- at least one processor;
- a memory coupled to said at least one processor;
- a client database residing in said memory;
- a transaction mechanism residing in said memory and being executed by said at least one processor, said transaction mechanism receiving at least one request from a source and relaying said at least one request from said source to a destination, said transaction mechanism receiving at least one reply from said destination in response to said request, said transaction mechanism relaying said reply to said source from said destination;
- and
- a translation mechanism residing in said memory and being executed by said at least one processor, said translation mechanism translating said at least one request from a first data format into a second data format prior to said at least one request being relayed from said source to said destination, said translation mechanism translating said at least one reply from a third data format to a fourth data format prior to said at least one reply being relayed to said source, wherein at least one of said first data format and said second data format and said third data format and said fourth data format are selected by parsing said client database.
3 more elements
An apparatus comprising:
- at least one processor;
- a memory coupled to said at least one processor;
- an operating system residing in said memory;
- a client database residing in said memory;
- a transaction mechanism residing in said memory and being executed by said at least one processor, said transaction mechanism receiving at least one request for a verification of free funds in compliance with Regulation T from a source and relaying said at least one request for a verification of free funds in compliance with Regulation T from said source to a destination, said transaction mechanism receiving at least one reply to said at least one request for a verification of free funds in compliance with Regulation T from said destination in response to said at least one request for a verification of free funds in compliance with Regulation T, said transaction mechanism relaying said reply to said source from said destination;
- and
- a translation mechanism residing in said memory and being executed by said at least one processor, said translation mechanism translating said at least one request for a verification of free funds in compliance with Regulation T from a first data format into a second data format prior to said at least one request for a verification of free funds in compliance with Regulation T being relayed from said source to said destination, said translation mechanism translating said at least one reply to said request for a verification of free funds in compliance with Regulation T from a third data format to a fourth data format prior to said at least one reply to said request for a verification of free funds in compliance with Regulation T being relayed to said source, wherein at least one of said first data format and said second data format and said third data format and said fourth data format are selected by parsing said client database.
4 more elements
A method comprising the steps of:
- receiving at least one request from a source, said at least one request being formatted according to a first data format, said at least one request being received via a first transmission protocol;
- translating said at least one request from said first data format to a second data format;
- relaying said at least one request to a destination via a second transmission protocol;
- receiving at least one reply to said at least one request from said destination, said at least one reply being received via a third transmission protocol, said at least one reply being formatted according to a third data format;
- translating said at least one reply from said third data format to a fourth data format;
- and
- relaying said at least one reply to said source via a fourth transmission protocol.
4 more elements
A program product comprising:
- a transaction mechanism configured to receive at least one request from a source and relaying said at least one request from said source to a destination, said transaction mechanism being configured to receive at least one reply from said destination in response to said request, said transaction mechanism being configured to relay said reply to said source from said destination;
- a translation mechanism being configured to translate said at least one request from a first data format into a second data format prior to said at least one request being relayed from said source to said destination, said translation mechanism being configured to translate said at least one reply from a third data format to a fourth data format prior to said at least one reply being relayed to said source;
- and
- signal bearing media bearing said transaction mechanism and said translation mechanism.
1 more element
Dependencies are inferred from the claim text.