Approving ACH operator processing of ACH payments based on an originating depository financial institution's approved originator list

Number of patents in Portfolio can not be more than 2000

United States of America Patent

PATENT NO 8417636
APP PUB NO 20060206427A1
SERIAL NO

11416946

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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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.

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Patent Owner(s)

Patent OwnerAddress
FEDERAL RESERVE BANK OF ATLANTA1000 PEACHTREE STREET N E ATLANTA GA 30309

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Love, Robert Anthony Stockbridge, US 2 123
Mauriello, Lantanya Neale Suwanee, US 2 123
Nelson, Donald E Marietta, US 34 392
Reckord-Yarde, Nesta Valerie Lithonia, US 2 123
Robertson, Susan Lynne Decatur, US 2 123
Williams, Robert Decatur, US 171 4365

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