Jpmorgan Chase Bank, N.a.

Luciane Sant'Anna

Samer Falah

Suresh Shetty

Elizabeth Polanco Aquino

Leticia Pui Sze Lim

Tulasi Movva

Sudhir Upadhyay

John Corwin Hunter

Tiffany Ashley Wan

Palka S Patel

Naveen Mallela

Sai Murali Krishna Valiveti

Lawrence Charles Drake

David Voell

Jonathan C Hallam

William J Lee

Gavin Lonsdale

The invention relates to creating a secure, decentralized, cloud-based network or physical/virtual infrastructure that enables the payments industry to redefine payment processing and information sharing. The innovative network addresses key pain points by reducing payment delays and touch points, realizing faster and comprehensive payment tracking, real-time sanctions, AML and fraud management tools.

System and method for implementing an interbank information network

Systems and methods for the application of distributed ledgers for network payments as financial exchange settlement and reconciliation are disclosed. In one embodiment, a method for processing network payments using a distributed ledger may include: (1) a payment originator initiating a payment instruction to a payment beneficiary; (2) a payment originator bank posting and committing the payment instruction to a distributed ledger on a peer-to-peer network; (3) the payment beneficiary bank posting and committing the payment instruction to the distributed ledger on a peer-to-peer network; and (4) the payment originator bank validating and processing the payment through a payment originator bank internal system and debiting an originator account.

Systems and methods for the application of distributed ledgers for network payments as financial exchange settlement and reconciliation

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Brandon, FL, United States of America

Luciane Sant'Anna