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:
Feb. 21, 2012
Filed:
May. 26, 2005
Richard Norman, Dallas, TX (US);
Tommy J. Vicknair, Humble, TX (US);
Carl Shishmanian, Louisville, KY (US);
John Spence Stephens, Jr., Houston, TX (US);
W. Earl Jennings, Dublin, OH (US);
David L. James, Mt. Gilead, OH (US);
Richard Norman, Dallas, TX (US);
Tommy J. Vicknair, Humble, TX (US);
Carl Shishmanian, Louisville, KY (US);
John Spence Stephens, Jr., Houston, TX (US);
W. Earl Jennings, Dublin, OH (US);
David L. James, Mt. Gilead, OH (US);
JPMorgan Chase Bank, N.A., New York, NY (US);
Abstract
An exemplary method and system may include receiving one or more payment items from a plurality of payment entities, at a centralized agent, wherein the one or more payment items comprise one or more electronic images and paper instruments; aggregating the payment items into one or more categories; identifying a payee financial institution and a payor financial institution for each payment items, wherein the payee financial institution and the payor financial institution are different; determining whether the payee financial institution and the payor financial institution are within the network of financial institutions; for the payee and payor within the network, determining at the centralized agent a settlement path within the network of financial institutions for each payment item; and for the payee and payor that are not within the network, forwarding the payment items to a third party settlement entity by the centralized agent for settlement processing.