Donald R Nelson

US Patent:

8417636, Apr 9, 2013

Filed:

May 3, 2006

Appl. No.:

11/416946

Inventors:

Robert Anthony Love - Stockbridge GA, US
Lantanya Neale Mauriello - Suwanee GA, US
Susan Lynne Robertson - Decatur GA, US
Robert Williams - Decatur GA, US
Donald E. Nelson - Marietta GA, US

Assignee:

Federal Reserve Bank of Atlanta - Atlanta GA

International Classification:

G06Q 40/00
G06F 17/60

US Classification:

705 43

Abstract:

Approving automated clearing house (“ACH”) payments for processing by an ACH operator is based on an approved originator list identifying originators authorized by an originating depository financial institution (“ODFI”) to originate ACH payments and to send those ACH payments to the ACH operator on behalf of the ODFI. The ACH operator receives an ACH payment originated by a first originator and sent to the ACH operator on behalf of the ODFI. The ACH operator determines whether the first originator is on the approved originator list and processes the ACH payment if the first originator is on the approved originator list. The ACH operator can reject the ACH payment if the first originator is not on the approved originator list or can seek approval from the ODFI to process the ACH payment even if the first originator is not on the approved originator list.

US Patent:

8543477, Sep 24, 2013

Filed:

Sep 29, 2004

Appl. No.:

10/953754

Inventors:

Robert Anthony Love - Stockbridge GA, US
Lantanya Neale Mauriello - Suwanee GA, US
Susan Lynne Robertson - Decatur GA, US
Robert Williams - Decatur GA, US
Donald E. Nelson - Marietta GA, US

Assignee:

Federal Reserve Bank of Atlanta - Atlanta GA

International Classification:

G06Q 40/00

US Classification:

705 35, 705 39, 705 42, 705 57, 705 64, 705 67, 705 76

Abstract:

Value tracking of automated clearing house (“ACH”) payments processed by an ACH operator includes receiving an ACH file for ACH processing. The ACH file comprises ACH payments originated by a remote sending point on behalf of a sending customer. A sum value of the ACH payments is added to a value of prior payments processed for the sending customer during a specified time period to obtain an accumulated payment value. The accumulated payment value is compared to a pre-established payment cap to determine whether the accumulated payment value exceeds the payment cap. The ACH payments are processed in response to a determination that the accumulated payment value does not exceed the payment cap. Whether to override the payment cap can be determined in response to a determination that the accumulated payment value exceeds the payment cap.