Central check clearing system
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United States of America Patent
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Nov 23, 1993
Issued Date -
N/A
app pub date -
Aug 7, 1989
filing date -
Jun 7, 1988
priority date (Note) -
Expired
status (Latency Note)
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Abstract
A central check clearing association by which different member banks and financial institutions can each settle debit and credit balances with respect to other member institutions on a predetermined periodic basis and methods and systems by which the association is operable. The system and method is independent of conventional central bank district geographic and institutional boundaries and time zones.
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