System and method for mapping and monitoring deposit channels
AssigneeEarly Warning Services, LLC
InventorsRonald Scott Alcorn, Jie He, Tony Selway
Life of this patent
Estimating the term…
Abstract
In order to prevent false positives at a duplicate transaction detection system, channel deposit data from financial institutions (representing the manner of presentment of checks at those institutions) are provided to a channel mapping/monitoring system. The channel mapping monitoring system calculates a prediction interval representing a normal expected range of deposits in any given channel. If deposits at a financial institution fall outside the normal expected range, the channel mapping/monitoring system provides an alert to the financial institution.
Claims22
A method for monitoring presentation of instruments to an institution, comprising:
- receiving, from an institution, reference deposit channel information for each of a plurality of instruments presented to that institution, the reference deposit channel information representing instrument presentations into different deposit channels at the institution over each of a plurality of reference time periods;
- mapping the reference deposit channel information for the plurality of reference time periods, to derive data reflecting the relative number of instrument presentations into each of the deposit channels for each of the plurality of reference time periods;
- calculating, from the mapped reference deposit channel information for the plurality of reference time periods, prediction interval information representing an expected range of instrument presentations for each deposit channel that would reflect expected variations in deposit channel information;
- receiving deposit channel information from the institution for a given time period under review, for monitoring the deposit channel information for that time period under review;
- and
- comparing, for each deposit channel, the deposit channel information for the time period under review to the predicted interval information in order to determine if any deposit channel during the time period under review falls outside the expected range of instrument presentations.
A system for monitoring presentation of instruments to an institution, comprising:
- a processor;
- and
- a memory, the memory storing instructions that are executable by the processor and configure the system to:
- receive, from an institution, reference deposit channel information for each of a plurality of instruments presented to that institution, the reference deposit channel information representing instrument presentations into different deposit channels at the institution over each of a plurality of reference time periods;
- map the reference deposit channel information for the plurality of reference time periods, to derive data reflecting the relative number of instrument presentations into each of the deposit channels for each of the plurality of reference time periods;
- calculate, from the mapped reference deposit channel information for the plurality of reference time periods, prediction interval information representing an expected range of instrument presentations for each deposit channel that would reflect expected variations in deposit channel information;
- receive deposit channel information from the institution for a given time period under review, for monitoring the deposit channel information for that time period under review;
- and
- compare, for each deposit channel, the deposit channel information for the time period under review to the predicted interval information in order to determine if any deposit channel during the time period under review falls outside the expected range of instrument presentations.
Dependencies are inferred from the claim text.