The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Jun. 15, 2021
Filed:
Oct. 30, 2017
Jpmorgan Chase Bank, N.a., New York, NY (US);
Jonathan C. Hallam, Dorset, GB;
Naveen Mallela, Singapore, SG;
Gavin Lonsdale, Hampshire, GB;
Lawrence Charles Drake, Bournemouth, GB;
Sai Murali Krishna Valiveti, Singapore, SG;
Elizabeth Polanco Aquino, Brooklyn, NY (US);
David Voell, Little Silver, NJ (US);
Suresh Shetty, Monmouth Junction, NJ (US);
Samer Falah, Staten Island, NY (US);
William J. Lee, Lithia, FL (US);
Leticia Pui Sze Lim, New York, NY (US);
Luciane Sant'Anna, Brandon, FL (US);
JPMORGAN CHASE BANK, N.A., New York, NY (US);
Abstract
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.