Systems, methods, and computer program products for performing item level transaction processing

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...

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Bibliographic Details
Main Authors Dryer, Eric, Abernethy, George Miller, Hollander, Ronald, Huff, Lowell Robert, Kang, Sean, Lee, Clarence E, Sandoz, Eric Scott, Woodside, Jeffrey Robert
Format Patent
LanguageEnglish
Published 24.04.2012
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Summary: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.