Method for reimbursing administrators of payments
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United States of America Patent
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Jul 28, 2009
Grant Date -
N/A
app pub date -
Jun 22, 2006
filing date -
Jun 22, 2005
priority date (Note) -
In Force
status (Latency Note)
Importance
Abstract
A loss ledger system to process third party fund requests on a daily basis, track historical requests, process validation on each request, maintain suspense/escrow and loss ledgers, and provide reconciliation assistance for accounting and claims processing departments. Additionally, the loss ledger system provides management reports, interfaces, security, audit and control and data conversion to facilitate minimizing escrowed resources, fraudulent activity and clerical errors.
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