Wells Fargo Bank, N.a.

Joanne Strobel-Cort

Phillip H Griffin

Michael Knorr

Ashia Kennon

Jal Daruwalla

Lynnel J Kresse

Catherine Wangari Mwangi

Leonard J Valentino

James McGinlay

Robert Ortiz

Barbara Stockler

A computer implemented method performed by a global transaction processing system includes receiving an information item from an originator and generating an originator profile based on the information item. The method includes receiving a transaction request initiated by the originator, the transaction request including transactional data. The method includes validating the transactional data to determine whether the transaction request includes a defect. The method includes, responsive to determining that the transaction request includes a defect, determining whether the transaction request is automatically repairable. The method also includes, responsive to determining that the transaction request is automatically repairable, generating a repaired processed transaction data packet based on the originator profile.

Systems and methods for processing global financial transactions

A method including receiving a signcrypted cross-border payment message, the signcrypted cross-border payment message generated by signcrypting a cross-border payment message using a first financial institution public key, a first financial institution private key, and a second financial institution public key, retrieving the first financial institution public key, the second financial institution public key, and a second financial institution private key, wherein the second financial institution public key and the second financial institution private key are part of a public/private key pair, unsigncrypting the signcrypted cross-border payment message using the first financial institution public key, the second financial institution public key, and the second financial institution private key to retrieve the cross-border payment message, and verifying that the first financial institution public key is associated with a first financial institution.

Encapsulation of payment information

A system, method, and apparatus for carrying out a value transfer is provided. A method includes receiving, by a computing system of a financial institution, a de-signcrypted value transfer message including terms of a value transfer from an account of a sending party to an account of a merchant, wherein a receiving party desires to make a purchase from the merchant and the value transfer is a payment from the sending party account to the merchant account; and one or more spending limitations on the desired purchase, wherein the payment is contingent on the desired purchase meeting the spending limitations. The method then includes verifying the authenticity of the de-signcrypted message using a public key of the sending party and a private key of the financial institution; and dispersing funds according to the terms of the value transfer.

Systems and methods for value transfers using signcryption

Various embodiments relate to a method performed by a processor of a computing system. An example method includes receiving a digitally signed cross-border payment message, the digitally signed cross-border payment message generated by digitally signing a first hash of a cross-border payment message with a first financial institution private key. A first financial institution public key is retrieved, the first financial institution public key of a public/private key pair that includes the first financial institution private key. The first financial institution public key is verified that it is associated with a first financial institution. A second hash of the cross-border payment message is generated. The second hash is digitally signed with the first financial institution public key to generate a verification cross-border payment message, wherein data integrity of the cross-border payment message can be verified if the verification cross-border payment message matches the digitally signed cross-border payment message.

A computer implemented method performed by a global transaction processing system includes receiving a transaction request from an originator, the transaction request includes transactional data. The method includes validating the transactional data to determine one or more parameters associated with the requested transaction. The method includes dynamically generating a transaction information request form, the transaction request form including one or more requests for specific transactional data from the originator based on the one or more parameters associated with the requested transaction. The method includes transmitting the transaction information form to the originator and receiving the requested specific transactional data from the originator. The method also includes validating the transaction request based on the received transaction request and the received specific transactional data to determine if the transaction request is valid, as well as processing the transactional request based on the transaction request being determined to be a valid transaction request.

A system, method, and apparatus for providing a value transfer is provided. A method includes creating, by a mobile device, a value transfer message, the message including terms of a value transfer from an account of a sending party to a receiving party or one or more merchants; signcrypting, by the mobile device, the value transfer message using each of the receiving party's public key and the sending party's public and private keys; and sending, by the mobile device, the signcrypted value transfer message to the receiving party, wherein the receiving party can de-signcrypt the signcrypted value transfer message using each of the receiving party's public and private keys and the sending party's public key, and present the value transfer message to a third party to receive the value transfer.

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Summit, NJ, United States of America

Joanne Strobel-Cort