Sean B Kang

US Patent:

8165933, Apr 24, 2012

Filed:

May 23, 2008

Appl. No.:

12/126707

Inventors:

Eric Dryer - Charlotte NC, US
George Miller Abernethy - Charlotte NC, US
Ronald Hollander - Walnut Creek CA, US
Lowell Robert Huff - Manchester MO, US
Sean Kang - McKinney TX, US
Clarence E. Lee - Mansfield TX, US
Eric Scott Sandoz - Concord CA, US
Jeffrey Robert Woodside - Huntersville NC, US

Assignee:

Bank of America Corporation - Charlotte NC

International Classification:

G07B 17/00
G07F 19/00

US Classification:

705 30

Abstract:

The present invention provides systems, methods, and computer program products for performing validation and clearance at a transaction item level for transaction received in a batch format. Each transaction of the batch is stored separately in a storage system, such as a logical database. Typically, image data and electronic data for a transaction are stored separately in the storage system and may be linked to each other. Each transaction is separately accessible and/or updateable. Each transaction stored in the storage system is separately analyzed to validate that the transaction is at least balanced. Transactions that determined to be balanced are cleared irrespective of a balance status associated with other transactions associated with the batch of transactions, such that transactions are individually cleared as opposed to being cleared in a batch format.