18474492. System and Method for Accelerating Transfers Through Intermediaries (The Toronto-Dominion Bank)
System and Method for Accelerating Transfers Through Intermediaries
Organization Name
Inventor(s)
Arash Deljavan Farshi of Richmond Hill CA
System and Method for Accelerating Transfers Through Intermediaries
This abstract first appeared for US patent application 18474492 titled 'System and Method for Accelerating Transfers Through Intermediaries
Original Abstract Submitted
A system, device and method are provided for accelerating transfers via intermediaries. The illustrative method includes receiving a request to perform a transfer of funds and routing the first request through an account management service to a payment service. The method can include populating a second request to the interbank intermediary to initiate the transfer, and receiving, at the payment service, confirmation of transfer from the interbank intermediary, the received funds being routed by the payment service to a multi-tenant account. The method can include generating an event for the account management service that represents that the confirmation has been received and initiating, via the account management service, completion of the transfer to the first account by request to the multi-tenant account. The method can include generating, by the account management service, an event to update a distribution subsystem of the completed transfer.
