INTERACTION PROCESSING WITH VIRTUAL COUNTER-PARTY IDENTIFICATION

INTERACTION PROCESSING WITH VIRTUAL COUNTER-PARTY IDENTIFICATION

To conduct an interaction with a counter-party, a user opens an application on a user computing device and initiates a process to transfer electronic records. The destination of the interaction, such as a recipient counter-party, is identified and a transfer flow is initiated. The user computing dev...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Hauptverfasser: Madan, Arjita, Gwalani, Sumit
Format: Patent
Sprache:eng
Schlagworte:
CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
HANDLING RECORD CARRIERS
PHYSICS
PRESENTATION OF DATA
RECOGNITION OF DATA
RECORD CARRIERS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Beschreibung
Zusammenfassung:To conduct an interaction with a counter-party, a user opens an application on a user computing device and initiates a process to transfer electronic records. The destination of the interaction, such as a recipient counter-party, is identified and a transfer flow is initiated. The user computing device receives an input of the identification of a counter-party for the interaction. The user computing device communicates to a server, such as a processing system server, that an interaction with the counter-party is desired. The processing system server identifies the destination account of the counter-party and the interaction details. The interaction is conducted and electronic records are deposited in the destination account of the counter-party. The counter-party and the user computing system are notified of the successful interaction.