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SG11201903337YA - Application of distributed ledgers for network payments as financial exchange settlement and reconciliation - Google Patents

Application of distributed ledgers for network payments as financial exchange settlement and reconciliation

Info

Publication number
SG11201903337YA
SG11201903337YA SG11201903337YA SG11201903337YA SG11201903337YA SG 11201903337Y A SG11201903337Y A SG 11201903337YA SG 11201903337Y A SG11201903337Y A SG 11201903337YA SG 11201903337Y A SG11201903337Y A SG 11201903337YA SG 11201903337Y A SG11201903337Y A SG 11201903337YA
Authority
SG
Singapore
Prior art keywords
new york
bank
park avenue
payment
international
Prior art date
Application number
SG11201903337YA
Inventor
Jonathan C Hallam
Naveen Mallela
Gavin Lonsdale
Lawrence Charles Drake
Sai Murali Krishna Valiveti
Elizabeth Polanco Aquino
David Voell
Suresh Shetty
Samer Falah
William J Lee
Leticia Pui Sze Lim
Luciane Gomes Sant'anna
Original Assignee
Jpmorgan Chase Bank Na
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Jpmorgan Chase Bank Na filed Critical Jpmorgan Chase Bank Na
Publication of SG11201903337YA publication Critical patent/SG11201903337YA/en

Links

Classifications

    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/38—Payment protocols; Details thereof
    • G06Q20/389—Keeping log of transactions for guaranteeing non-repudiation of a transaction
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06F—ELECTRIC DIGITAL DATA PROCESSING
    • G06F16/00—Information retrieval; Database structures therefor; File system structures therefor
    • G06F16/20—Information retrieval; Database structures therefor; File system structures therefor of structured data, e.g. relational data
    • G06F16/27—Replication, distribution or synchronisation of data between databases or within a distributed database system; Distributed database system architectures therefor
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/08—Payment architectures
    • G06Q20/10—Payment architectures specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/08—Payment architectures
    • G06Q20/10—Payment architectures specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
    • G06Q20/102—Bill distribution or payments
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/22—Payment schemes or models
    • G06Q20/223—Payment schemes or models based on the use of peer-to-peer networks
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/38—Payment protocols; Details thereof
    • G06Q20/42—Confirmation, e.g. check or permission by the legal debtor of payment
    • H—ELECTRICITY
    • H04—ELECTRIC COMMUNICATION TECHNIQUE
    • H04L—TRANSMISSION OF DIGITAL INFORMATION, e.g. TELEGRAPHIC COMMUNICATION
    • H04L9/00—Cryptographic mechanisms or cryptographic arrangements for secret or secure communications; Network security protocols
    • H04L9/50—Cryptographic mechanisms or cryptographic arrangements for secret or secure communications; Network security protocols using hash chains, e.g. blockchains or hash trees
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q2220/00—Business processing using cryptography

Landscapes

  • Business, Economics & Management (AREA)
  • Accounting & Taxation (AREA)
  • Engineering & Computer Science (AREA)
  • Theoretical Computer Science (AREA)
  • Finance (AREA)
  • General Physics & Mathematics (AREA)
  • Physics & Mathematics (AREA)
  • General Business, Economics & Management (AREA)
  • Strategic Management (AREA)
  • Economics (AREA)
  • Development Economics (AREA)
  • Databases & Information Systems (AREA)
  • Computing Systems (AREA)
  • Data Mining & Analysis (AREA)
  • General Engineering & Computer Science (AREA)
  • Computer Security & Cryptography (AREA)
  • Computer Networks & Wireless Communication (AREA)
  • Signal Processing (AREA)
  • Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)

Abstract

INTERNATIONAL APPLICATION PUBLISHED UNDER THE PATENT COOPERATION TREATY (PCT) (19) World Intellectual Property 1#11101111 0 11101 HOE 3E1 0 0111E1111H 1101 111111101111011011# Organization International Bureau (10) International Publication Number (43) International Publication Date ......0\" WO 2018/081698 Al 03 May 2018 (03.05.2018) WIP0 I PCT (51) International Patent Classification: York, NY 10017 (US). FALAH, Samer; 270 Park Av- G06Q 20/36 (2012.01) G06Q 40/06 (2012.01) enue, New York, NY 10017 (US). LEE, William J.; 270 G06Q 40/04 (2012.01) Park Avenue, New York, NY 10017 (US). LIM, Leticia Pui Sze; 270 Park Avenue, New York, NY 10017 (US). (21) International Application Number: PCT/US2017/059015 SANT'ANNA, Luciane Gomes; 270 Park Avenue, New York, NY 10017 (US). (22) International Filing Date: (74) Agent: KING, Robert A. et al.; Hunton and Williams LLP, 30 October 2017 (30.10.2017) 2200 Pennsylvania Avenue, NW, Washington, DC 20037 (25) Filing Language: English (US). (26) Publication Language: English (81) Designated States (unless otherwise indicated, for every kind of national protection available): AE, AG, AL, AM, (30) Priority Data: AO, AT, AU, AZ, BA, BB, BG, BH, BN, BR, BW, BY, BZ, 62/414,398 28 October 2016 (28.10.2016) US CA, CH, CL, CN, CO, CR, CU, CZ, DE, DJ, DK, DM, DO, (71) Applicant: JPMORGAN CHASE BANK, N. A. DZ, EC, EE, EG, ES, FI, GB, GD, GE, GH, GM, GT, HN, [US/US]; 270 Park Avenue, New York, NY 10017 (US). HR, HU, ID, IL, IN, IR, IS, JO, JP, KE, KG, KH, KN, KP, KR, KW, KZ, LA, LC, LK, LR, LS, LU, LY, MA, MD, ME, — (72) Inventors: HALLAM, Jonathan C.; 270 Park Avenue, MG, MK, MN, MW, WC, MY MZ, NA, NG, NI, NO, NZ, New York, NY 10017 (US). MALLELA, Naveen; 270 OM, PA, PE, PG, PH, PL, PT, QA, RO, RS, RU, RW, SA, Park Avenue, New York, NY 10017 (US). LONSDALE, SC, SD, SE, SG, SK, SL, SM, ST, SV, SY, TH, TJ, TM, TN, Gavin; 270 Park Avenue, New York, NY 10017 (US). TR, TT, TZ, UA, UG, US, UZ, VC, VN, ZA, ZM, ZW. DRAKE, Lawrence Charles; 270 Park Avenue, New York, NY 10017 (US). VALIVETI, Sai Murali Krishna; (84) Designated States (unless otherwise indicated, for every = 270 Park Avenue, New York, NY 10017 (US). AQUINO, kind of regional protection available): ARIPO (BW, GH, Elizabeth Polanco; 270 Park Avenue, New York, NY GM, KE, LR, LS, MW, MZ, NA, RW, SD, SL, ST, SZ, TZ, = — 10017 (US). VOELL, David; 270 Park Avenue, New York, UG, ZM, ZW), Eurasian (AM, AZ, BY, KG, KZ, RU, TJ, = NY 10017 (US). SHETTY, Suresh; 270 Park Avenue, New TM), European (AL, AT, BE, BG, CH, CY, CZ, DE, DK, = Title: APPLICATION OF DISTRIBUTED LEDGERS FOR NETWORK PAYMENTS AS FINANCIAL EXCHANGE SET- (54) AND RECONCILIATION TLEMENT (57) : Systems and methods for the application of distributed _ Cleanng house 1 ledgers for network payments as financial exchange settlement and recon- - Wk.. ciliation are disclosed. In one embodiment, a method for processing net- = -4.- J I I i JIL I.6 work payments using a distributed ledger may include: (1) a payment orig- = Originator Bank inator initiating a payment instruction to a payment beneficiary; (2) a pay- ment originator bank posting and committing the payment instruction to Massagingnewok - = — , Central bank 1 a distributed ledger on a peer-to-peer network; (3) the payment beneficia- ry bank posting and committing the payment instruction to the distributed = - = J 1 . III ledger on a peer-to-peer network; and (4) the payment originator bank val- Correspondent idating and processing the payment through a payment originator bank in- = Bank 1 ternal system and debiting an originator account. _ = MeeeegIne network = . Central bank 2 k 1 :d i II Correspondent iI Bank 2 11 Messaging network GC , Cleanng house 2 : • 1-1 I 1 1 VIII Benefitlary BeneflOary Bank © \ ... 1-1 FIGURE 1 0 ei (Prior Art) C [Continued on next page] WO 2018/081698 Al MIDEDIMOMMIDIRDIERIONIMIEHRIMEHMOVON EE, ES, FI, FR, GB, GR, HR, HU, IE, IS, IT, LT, LU, LV, MC, MK, MT, NL, NO, PL, PT, RO, RS, SE, SI, TR), OAPI (BF, BJ, CF, CG, CI, CM, GA, GN, SK, SM, GQ, GW, KM, ML, MR, NE, SN, TD, TG). Published: — with international search report (Art. 21(3))
SG11201903337YA 2016-10-28 2017-10-30 Application of distributed ledgers for network payments as financial exchange settlement and reconciliation SG11201903337YA (en)

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
US201662414398P 2016-10-28 2016-10-28
PCT/US2017/059015 WO2018081698A1 (en) 2016-10-28 2017-10-30 Application of distributed ledgers for network payments as financial exchange settlement and reconciliation

Publications (1)

Publication Number Publication Date
SG11201903337YA true SG11201903337YA (en) 2019-05-30

Family

ID=62021716

Family Applications (1)

Application Number Title Priority Date Filing Date
SG11201903337YA SG11201903337YA (en) 2016-10-28 2017-10-30 Application of distributed ledgers for network payments as financial exchange settlement and reconciliation

Country Status (6)

Country Link
US (1) US11037142B2 (en)
EP (1) EP3533019A4 (en)
CN (1) CN110214334B (en)
CA (1) CA3039111A1 (en)
SG (1) SG11201903337YA (en)
WO (1) WO2018081698A1 (en)

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Also Published As

Publication number Publication date
US11037142B2 (en) 2021-06-15
US20180121911A1 (en) 2018-05-03
EP3533019A1 (en) 2019-09-04
WO2018081698A1 (en) 2018-05-03
CA3039111A1 (en) 2018-05-03
CN110214334A (en) 2019-09-06
EP3533019A4 (en) 2020-04-29
CN110214334B (en) 2023-08-08

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