Systems and Methods for Managing Rules Associated With Transaction Settlement Procedures

Patent metadata

Field	Value
Publication number	US-2017352013-A1
Application number	US-201615170382-A
Country	US
Kind code	A1
Filing date	Jun 1, 2016
Priority date	Jun 1, 2016
Publication date	Dec 7, 2017
Grant date	—

Abstract

Systems and methods are provided for creating and updating settlement rules for determining behavior of a payment network during settlement transactions. One exemplary method includes receiving a request related to creating a settlement rule and/or modifying a settlement rule. The exemplary method also includes causing, by a computing device, an interface, associated with a settlement form, to be displayed to a user. The exemplary method further includes receiving a first response to a first inquiry of the settlement form from the user, altering one of the interface and/or a subsequent interface of the settlement form to include a second inquiry, based on the first response, and causing the altered one of the interface and/or the subsequent interface to be displayed to the user, whereby one or more subsequent inquiries in the settlement form are consistent with prior responses.

First claim

What is claimed is:

1 . A computer-implemented method for use in managing settlement rules, for an entity associated with a payment network and for use by the payment network, the method comprising:
receiving, by a computing device, a request related to a settlement rule, the request related to creating the settlement rule and/or modifying the settlement rule; causing, by the computing device, an interface to be displayed to a user, said interface defining at least part of a settlement form and including a first inquiry related to a first settlement parameter associated with the entity; receiving, by the computing device, a first response to the first inquiry from the user; altering one of the interface and/or a subsequent interface of the settlement form to include a second inquiry related to a second settlement parameter associated with the entity, based on the first response; causing, by the computing device, the altered one of the interface and/or the subsequent interface to be displayed to the user, whereby one or more subsequent inquiries in the settlement form are consistent with prior responses; and generating and/or altering at least one settlement rule, based on at least the first response, for the entity.

2 . The computer-implemented method of claim 1 , wherein the first response identifies an advisement type and/or a media type for an advisement, and a second response to the second inquiry is related to a recipient of the advisement.

3 . The computer-implemented method of claim 1 , further comprising:
storing the at least one settlement rule in a settlement rule data structure of the payment network; and settling, by the payment network, multiple transactions involving the entity based on the at least one settlement rule.

4 . The computer-implemented method of claim 1 , wherein the first response identifies a language and/or a currency to be used in settlement procedures involving the entity.

5 . The computer-implemented method of claim 1 , wherein generating and/or altering the at least one settlement rule includes:
generating, by the computing device, the at least one settlement rule, based on at least the first response; and storing the at least one settlement rule in at least one of a working data structure and a settlement rule data structure of the payment network.

6 . The computer-implemented method of claim 1 , further comprising storing the at least one settlement rule in a settlement rule data structure, via an application programming interface (API) associated with the settlement rule data structure.

7 . The computer-implemented method of claim 1 , wherein the second inquiry includes a required inquiry; and
wherein the method further comprises receiving, by the computing device, a second response to the second inquiry prior to permitting the settlement form to be submitted.

8 . The computer-implemented method of claim 1 , wherein altering the one of the interface and/or the subsequent interface includes making only valid responses to the second inquiry available for selection by the user, based on the first response.

9 . The computer-implemented method of claim 8 , wherein said valid responses are available, for selection, from a drop-down menu within the interface and/or the subsequent interface.

10 . The computer-implemented method of claim 1 , wherein the interface includes a first tab and a second tab, the first tab including a first part of the settlement form and including at least the first inquiry, the second tab including a second part of the settlement form; and
wherein altering the one of the interface and/or the subsequent interface includes appending a third tab to the interface based on the first response in the first tab, the third tab including a different part of the settlement form.

11 . The computer-implemented method of claim 10 , wherein the interface further includes a summary tab, the summary tab including a summary of responses to the first, second and third tabs of the interface.

12 . A computer-implemented method for use in creating a settlement rule defining advisements to be transmitted, specific to a recipient and at least one of an advisement type and a media type, the method comprising:
causing, by a computing device, at least one interface to be displayed to a user associated with a banking entity, the at least one interface including at least a first inquiry associated with an advisement type and a second inquiry associated with a media type; receiving, at the computing device, for a first recipient, a first response to the first inquiry; receiving, at the computing device, for the first recipient, a second response to the second inquiry; generating, by the computing device, a settlement rule based on at least one of the received first and second responses, the settlement rule associated with the first participant and being consistent with the advisement type of the first response and/or the media type of the second response; and storing, by the computing device, the settlement rule in a settlement rule data structure, whereby subsequent advisements to the banking entity are subject to the settlement rule.

13 . The computer-implemented method of claim 12 , further comprising altering the at least one interface in response to the first response and/or the second response; and
causing the altered at least one interface to be displayed to the user.

14 . The computer-implemented method of claim 12 , wherein the media type of the second response is indicative of at least one of email, fax, SMS, MMS, voicemail, and/or mail.

15 . The computer-implemented method of claim 14 , wherein the selected advisement type is one of Member Detail Advisement (MAD), Member Exception Advisement (MAE), Member Summary Advisement (MAS), member Value Date Advisement (MAV), Member No Activity Notification (MBN), Member Counterparty Advisement (MCA), Member Detail XML Advisement (MDX), Member Future Detail Report (MFD), Transfer Agent Detail Advisement (TAD), Transfer Agent Exception Advisement (TAE), Transfer Agent No Activity Notification (TAN), Transfer Agent Detail Reminder Advisement (TAR), Transfer Agent Summary Advisement (TAS), Transfer Agent Value Date Advisement (TAV), Transfer Agent Counterparty Advisement (TCA), Transfer Agent Detail XML Advisement (TDX), and Transfer Agent Future Detail Report (TFD).

16 . The computer-implemented method of claim 12 , wherein storing the settlement rule in the settlement rule data structure includes invoking an application program interface (API) associated with the payment network.

17 . The computer-implemented method of claim 12 , wherein the first inquiry includes a required status indicator, whereby the response to the first inquiry is required prior to generating said settlement rule.

18 . The computer-implemented method of claim 12 , further comprising transmitting, by the computing device, an advisement to the first recipient based on the settlement rule.

19 . The computer-implemented method of claim 12 , further comprising receiving, at the computing device, an indication of a first recipient.

20 . The computer-implemented method of claim 12 , further comprising:
receiving, at the computing device, an indication of a second recipient; receiving, at the computing device, for the second participant, a further response to the second inquiry; and creating, at the computing device, a second settlement rule based on the further response to the second inquiry for the second recipient;

Assignees

• Mastercard International Inc

Inventors

• Nogin Olga
• Sabanathan Navaneethan
• Wang Fei
• Henke Anne E
• Turimella Lakshmi
• Raja Stephen S

Classifications

• G06Q20/10 Primary

  specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems · CPC title

• G06Q20/405

  Establishing or using transaction specific rules · CPC title