System and method for providing a distributed decisioning environment for processing of financial transactions

A system for coordinating digital storage of captured paper transaction data based on an original paper transaction, the captured paper transaction data including at least a digital image of the original paper transaction, the system comprising:

• a transfer module for receiving the captured paper transaction data from a computer network with at least one processor and a memory;
• a loading module for coordinating storage of the captured paper transaction data in a first storage, the first storage suitable for facilitating the transfer of the captured paper transaction data from the network to a second storage;
• and
• a component module for determining representative information of the captured paper transaction data including a storage status indicator for indicating if the captured paper transaction data is stored in the second storage, for storing the storage status indicator in a data structure configured for access by a transaction processor, and for updating the storage status indicator in the data structure to reflect the storage status of the captured paper transaction data if stored in the selected storage record of the second storage, the stored representative information including a priority indicator associated with the captured paper transaction data, the priority indicator representing a receipt time of the captured paper transaction data by the first storage and the eligibility of each of the captured paper transaction data for a settlement process is based on the respective receipt time being less than a processing time threshold;
• wherein the captured paper transaction data is transferred from the first storage to the second storage to result in the updating of the storage status indicator, such that the second storage is configured for accommodating requests for access to a selected storage record by the transaction processor and the storage record is configured for storing the captured paper transaction data in the second storage.

A method for coordinating a settlement process of a plurality of captured paper transaction data stored in a second storage, the plurality of captured paper transaction data based on original paper transactions, the plurality of captured paper transaction data including digital images of the original paper transactions, the method comprising the steps of:

• initiating the settlement process once a processing threshold is reached;
• reviewing a data structure associated with a first storage suitable for facilitating the transfer of the plurality of captured paper transaction data from a computer network with at least one processor and a memory to the second storage, the data structure configured to contain representative information of the plurality of captured paper transaction data including a storage status indicator for indicating if the captured paper transaction data has been successfully transferred from the first storage to the second storage;
• determining which of the plurality of captured paper transaction data are potentially eligible for the settlement process based on a respective priority indicator for each of the plurality of captured paper transaction data satisfying the processing threshold;
• and
• delaying the settlement process until all of the potentially eligible captured paper transaction data are represented by the respective storage status indicators as either successfully stored in the second storage or as confirmed ineligible for the settlement process based on the captured paper transaction data being ineligible for storage in the second storage.