Wells Fargo Bank, N.a.

Aravind Krishnasamy

Lynnel J Kresse

Ashia Kennon

Jal Daruwalla

Christopher Gliva

Marcia Osiecki

Bipin M Sahni

Nishant Usapkar

Kevin Bouey

Naga Adapala

Judd Holroyde

A computer-implemented method includes receiving, by a global transaction validation system from an originator, a transaction request comprising transaction data, processing, by the global transaction validation system, the transaction request by generating a notification message including a status and at least part of the transaction data where the at least part of the transaction data comprises editable data and the status is configured to indicate a potential delay related to the editable data, transmitting, by the global transaction validation system, the notification message to a recipient device associated with a transaction recipient, and receiving, by the global transaction validation system, a return notification from the recipient device where the return notification includes an indication from the transaction recipient regarding the at least part of the transaction data, and where the indication is a change to the editable data that remedies the potential delay by correcting required information.

Prepayment validation by originator and beneficiary

A system, method, and computer-readable storage media for performing a transaction for a customer of a financial institution using math-based currency (MBC), the system comprising a permissioned ledger banking system comprising a transaction circuit comprising a transaction processor and a transaction memory, an account mapping circuit comprising an account mapping processor and an account mapping memory, and an MBC account database comprising an MBC account of the customer, a fiat banking system comprising an account management circuit and a customer fiat accounts database, and the permissioned ledger banking system and the fiat banking system are connected via a communications network, wherein the account management circuit comprises an account management processor and an account management memory storing executable account management instructions that when executed by the account management processor causes the account management processor to perform steps of storing a fiat account of the customer in the customer fiat accounts database.

Systems and methods for transferring fiat currency via mapped math-based currency accounts

A method performed by a global transaction validation system includes receiving a transaction request from an originator, processing the transaction request by generating a data message containing the transaction data and by generating a notification message including at least part of the transaction data, transmitting the data message to the recipient financial institution, transmitting the notification message to a recipient device associated with the transaction recipient, receiving a return notification from the recipient device, and validating the transaction request based on the return notification indicating that the transaction is valid.

A method, system, and apparatus for performing a transaction for a customer having a fiat account with a financial institution. The method includes receiving a transaction request from the customer, the transaction request including a request to transfer a first amount of fiat currency to a receiving account held at a partner financial institution; determining a second amount of math-based currency ('MBC') corresponding to the first amount of fiat currency, wherein the MBC is held in an MBC wallet account; transmitting the second amount of MBC to a partner financial institution computing system of the partner financial institution via a permissioned blockchain system; updating the MBC wallet account to reflect the transaction; debiting a fiat account balance associated with the fiat account of the customer by the first amount; and transferring fiat currency between the financial institution and the partner financial institution to settle a plurality of transactions.

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San Ramon, CA, United States of America

Aravind Krishnasamy