US5940809A
Expired / Lapsed
US
⏱️ 0.0 years remaining
Securities brokerage-asset management system
Assignee: Bank of America Corp
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Filing: 1996-08-19
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Granted: 1999-08-17
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Expires: 2016-08-19
Abstract
Abstract A central asset management system is provided having a central reference facility for coordination of all transaction processing. For each customer, a unique identifier (UID) is assigned as a stable, semi-permanent tag. The UID is then used for subsequent processing relating to that customer, even with multiple customer accounts, rather than individual transaction numbers for each process. Use of the UID is facilitated through a front end processor that handles all incoming external transaction data and converts it into a usable format, cross-referenced with the appropriate UID. Use of the UID reduces the overall variability and number of transaction identifiers, thus increasing efficiency and simplifying all aspects of the system. The system makes other simplifying uses of the UID, for example, as a key for segregating the transaction processes into different processing areas to be performed simultaneously. Once processed, transactions are converted back into the necessary formats usable by various external systems by a back end processor.
Inventors
- 👤 Thomas E. Musmanno
- 👤 Stephen C. Leftly
- 👤 Robert Fong
- 👤 Patrick K. Kane
Bibliographic Details
Application Number
—
Jurisdiction
US
Data Source
google_patents
Last Synchronized
2026-11-03 19:59
CPC Classifications
G; G06; G06Q; G06Q40/00; G06Q40/02; H; H04; H04L; H04L9/00; H04L9/40; Y; Y10; Y10S; Y10S707/00; Y10S707/99941; Y10S707/99944; Y10S707/99945; Y10S707/99948
Claims Analysis
Total Claims: 10
Claim 1
Independent Claim
122 words
A system for processing financial transaction data for multiple accounts of multiple customers, comprising: central reference means for assigning and storing a unique identifier for each customer, said central reference means also associating said accounts of said each customer with the respective unique identifier; external interface means for receiving transaction data from a source external to said system; reformatting means for manipulating said external transaction data, said reformatting means also retrieving said unique identifier from said central reference means and inserting said unique identifier into said transaction data; and computer means upon which said central reference means, external interface means and reformatting means are all located, said computer means being connected by a network to other computers for receiving said transaction data.
Claim 2
Independent Claim
122 words
A system for processing financial transaction data for multiple accounts of multiple customers, comprising: central reference means for assigning and storing a unique identifier for each customer, said central reference means also associating said accounts of said each customer with the respective unique identifier; external interface means for receiving transaction data from a source external to said system; reformatting means for manipulating said external transaction data, said reformatting means also retrieving said unique identifier from said central reference means and inserting said unique identifier into said transaction data; and computer means upon which said central reference means, external interface means and reformatting means are all located, said computer means being connected by a network to other computers for receiving said transaction data.
Claim 3
Dependent Claim
56 words
The system as in claim 1, further comprising: means for processing multiple sets of transaction data concurrently, said means for processing comprising a plurality of databases for storing transaction data and a processing module for each of said databases, said transaction data being segregated into said databases according to said unique identifier of said transaction data.
Claim 4
Dependent Claim
30 words
The system as in claim 1, wherein said central reference means further comprises cross-referencing means for associating a customer's unique identifier with all of said customer's accounts on said system.
Claim 5
Dependent Claim
25 words
The system as in claim 3, further comprising: account database means for storing account information for each of said accounts according to said unique identifier.
Claim 6
Dependent Claim
34 words
The system as in claim 1, further comprising: means for dynamically storing a set of parameter information for each of said customer accounts, said parameter information being alterable by an operator of said system.
Claim 7
Dependent Claim
22 words
The system as in claim 5, wherein said parameter information comprises usage parameters for use in triggering fraud and theft prevention alerts.
Claim 8
Dependent Claim
27 words
The system as in claim 1, wherein said reformatting means further reformats said transaction data from one of a plurality of external formats into a standard format.
Claim 9
Dependent Claim
18 words
The system as in claim 7, wherein said transaction data is received from a plurality of remote systems.
Claim 10
Dependent Claim
24 words
The system as in claim 7, wherein said transaction data is received from a plurality of workstations connected to said system through a network.
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USPTO Annuity & Maintenance Windows
| Annuity Stage | Window Opens | Payment Deadline | Surcharge Period Until | Estimated Fee | Status |
|---|---|---|---|---|---|
| 3.5 Years (Year 4) | 2002-08-16 | 2003-02-15 | 2003-08-17 | $2000.00 | Window Closed / Lapsed |
| 7.5 Years (Year 8) | 2006-08-16 | 2007-02-15 | 2007-08-17 | $3760.00 | Window Closed / Lapsed |
| 11.5 Years (Year 12) | 2010-08-16 | 2011-02-15 | 2011-08-17 | $7700.00 | Window Closed / Lapsed |