Wire transfer system and method
OwnerMarvin Van Tieminventor
Life of this patent
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Abstract
A system and method for automating the request and approval of wire transfer is provided. A web-enable system and method allows the treasury department of a financial services organization to collect all wire transfer information directly from a submitter. Approval for the wire transfer is granted by a specific set of user within a receiving organization. Reporting and archiving provide documentation of transactions that have occurred and resubmission of wires. Accuracy and efficiency of wire request processing results from elimination of re-keying of wire request information.
Claims17
A wire transfer request preparation system with administration, said system comprising:
- a plurality of rules to control preparation and administration of a wire transfer request;
- a plurality of roles to accomplish preparation and administration of a wire transfer;
- means for preparation and administration of a wire transfer request for approval by said roles according to said rules;
- and
- a database for storing rules, roles, and a wire transfer request prepared and administered by said roles according to said rules.
A method for wire transfer request preparation with administration, comprising the steps of:
- a. specifying rules to control preparation and administration of wire transfer requests;
- b. specifying roles to accomplish preparation and administration of wire transfer requests;
- c. preparing and administering wire transfer requests by said specified roles according to said specified rules;
- d. storing said specified rules and roles in a database;
- and
- e. storing said prepared wire transfer requests in a database.
The method for wire transfer request preparation with administration according to claim 12, wherein step (c) further comprises the steps of:
- c.1 providing at least one template for preparation of an instance of a wire transfer request;
- c.2 defining in said at least one template a plurality of entries for each said instance of a wire transfer request, said plurality of entries comprising a status for indicating the stage of preparation and administration of the instance;
- and
- c.3 storing said at least one template in a database.
Dependencies are inferred from the claim text.