American Express Bank Ltd.

Arthur McGrath

Subramaniam Chitoor Krishnan

Luiz C Couto

Joseph Fernandez

Gordon Joost

Nina Eckstein

Gennaro Bruni

Bill Gilbert

Eddy Almonte

Gabriela Crespo

George Kreiner

Ramaswamy Madhavan

Steven Aponte

Nageswararao Dasari

Colleen Wolfe

A system for facilitating electronic transfer of funds includes a transfer administrator in communication with a transferor institution, one or more intermediary institution, and a transferee institution, the transferor institution having an account at the one or more intermediary institution. The transfer administrator may be configured to receive an incoming payment request designating said transferor institution, a quantity of funds to be transferred, and the transferee institution. The transfer administrator generates and issues a translated payment order based at least in part on the incoming payment request and configured to accomplish a transfer among the transferor institution, the one or more intermediary institution, and the transferee institution. Finally, the transfer administrator may facilitate processing of a balancing payment among the transferor institution, the one or more intermediary institution, and the transferee institution.

System and method for facilitating electronic transfer of funds

Growing community of inventors

Brooklyn, NY, United States of America

Arthur McGrath