US 8,527,384 B2Granted

Currency equivalency application

AssigneeBank of America Corporation

InventorTimothy James Mark

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Abstract

Embodiments of the present invention provide apparatuses and methods for a currency equivalency application for a business activity monitoring (BAM) applications. The currency equivalency application monitors business activities across international processes and systems that deal with multiple types of currencies. The user enters into the currency equivalency application user defined preferences, such as, but not limited to, the BAM application to which to apply the preferences, the type of currencies, value amounts, dates for the actual currency exchange rate, dates for future currency exchange rates, confidence scores, etc. The currency equivalency application identifies the proper exchange rates and in some cases estimates future exchanges rates, and converts the output for currency values in BAM applications into the user defined currency values, which allows the users across the world to quantify and view the currency value outputs in a form that the user understands.

Claims30

Dependent claims

A currency equivalency system for use with a business activity monitoring system comprising:

a memory device comprising computer-readable program code stored therein;
a communication device;
and
a processing device operatively coupled to the memory device and the communication device, wherein the processing device is configured to execute the computer-readable program code to:
displaying in a business activity monitoring interface information regarding monetary transactions being processed in a processing system of a financial institution or batch monetary transactions being processed in the processing system of the financial institution;
receive user input regarding an equivalent currency in which a user wants to display monetary transactions being processed in the processing system of the financial institution or batch monetary transactions being processed in the processing system of the financial institution in the business activity monitoring interface;
access currency exchange rates for the monetary transactions being processed in the processing system of the financial institution or batch monetary transactions being processed in the processing system of the financial institution not in the equivalent currency;
calculate equivalent currency values of the monetary transactions being processed in the processing system of the financial institution or batch monetary transactions being processed in the processing system of the financial institution;
and
display the equivalent currency values for the monetary transactions being processed in the processing system of the financial institution or batch monetary transactions being processed in the processing system of the financial institution in the business activity monitoring interface.

7 more elements

A computer program product for a currency equivalency application for use with a business activity monitoring application, the computer program product comprising at least one non-transitory computer-readable medium having computer-readable program code portions embodied therein, the computer-readable program code portions comprising:

an executable portion configured for displaying in the business activity monitoring interface information regarding monetary transactions being processed in the processing system of the financial institution or batch monetary transactions being processed in the processing system of the financial institution;
an executable portion configured for receiving user input regarding an equivalent currency in which a user wants to display monetary transactions being processed in the processing system of the financial institution or batch monetary transactions being processed in the processing system of the financial institution in the business activity monitoring interface;
an executable portion configured for accessing currency exchange rates for the monetary transactions being processed in the processing system of the financial institution or batch monetary transactions being processed in the processing system of the financial institution not in the equivalent currency;
an executable portion configured for calculating equivalent currency values for the monetary transactions being processed in the processing system of the financial institution or batch monetary transactions being processed in the processing system of the financial institution;
and
an executable portion configured for displaying the equivalent currency values for the monetary transactions being processed in the processing system of the financial institution or batch monetary transactions being processed in the processing system of the financial institution in the business activity monitoring interface.

3 more elements

A currency equivalency computer-implemented method, comprising:

providing a non-transitory computer-readable medium comprising computer program code stored thereon, wherein said computer program code is specifically configured to cause one or more computer processing devices to perform the following operations when performing the computer program code:
displaying in a business activity monitoring interface information regarding monetary transactions being processed in a processing system of a financial institution or batch monetary transactions being processed in the processing system of the financial institution;
receiving user input regarding an equivalent currency in which a user wants to display monetary transactions being processed in the processing system of the financial institution or batch monetary transactions being processed in the processing system of the financial institution in the business activity monitoring interface, using a processing device operatively coupled to a memory device, and a communication device, and configured to execute computer-readable program code;
accessing currency exchange rates for the monetary transactions being processed in the processing system of the financial institution or batch monetary transactions being processed in the processing system of the financial institution not in the equivalent currency, using the processing device;
calculating equivalent currency values for the monetary transactions being processed in the processing system of the financial institution or batch monetary transactions being processed in the processing system of the financial institution, using the processing device;
and
displaying the equivalent currency values for the monetary transactions being processed in the processing system of the financial institution or batch monetary transactions being processed in the processing system of the financial institution in the business activity monitoring interface, using the processing device.

4 more elements

Dependencies are inferred from the claim text.