METHOD AND APPARATUS FOR MONITORING AND VERIFYING A TRANSFER OF FINANCIAL SETTINGS

METHOD AND APPARATUS FOR MONITORING AND VERIFYING A TRANSFER OF FINANCIAL SETTINGS

One embodiment of the present invention provides a system that monitors and verifies a transfer of financial settings. During operation, the system receives a request to transfer a set of financial settings from an initial account to a destination account. In response to the transfer request, the sy...

Ausführliche Beschreibung

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Bibliographische Detailangaben
1. Verfasser: FONG SPENCER W
Format: Patent
Sprache:eng
Schlagworte:
CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Beschreibung
Zusammenfassung:One embodiment of the present invention provides a system that monitors and verifies a transfer of financial settings. During operation, the system receives a request to transfer a set of financial settings from an initial account to a destination account. In response to the transfer request, the system transfers the financial settings and then monitors the initial account following the transfer to determine whether any subsequent transactions occur. If so, the system analyzes each subsequent transaction to determine whether the subsequent transaction is associated with the transferred financial settings. By monitoring and analyzing subsequent transactions, the system verifies the success of the transfer.