A method and system for handling a money transfer

Abstract

The technical solution relates to the field of finance, in particular to an electronic business processing for handling cross-bank transfer business. The system and method are advantageous in that the speed of handling cross-bank transfer business initiated by the payee is improved regardless of the processing scenario, including the transfer business handled periodically in an automatic mode, and the implementation of the present application helps to achieve higher reliability and liquidity. The system comprises a payee device and a payee bank, a database, a giro slip identifier generation module, a processor for identifying the giro slip identifier and the giro slip, and a settlement system for settlement between the payee bank and the payee bank. The implementation steps of the automatic method are as follows: the payee device generates a part of the giro slip data and sends it to the processor, the processor obtains the giro slip identifier from the giro slip identifier generation module, binds it with the part of the giro slip data and sends it to the payee device. The payee device sequentially transmits the data to the payee bank, the payee bank and the processor. The processor identifies the giro slip identifier, receives the missing part of the giro slip data from the payee bank and generates the final giro slip, then identifies it for subsequent settlement business handled when paying, and sends it to the settlement system. Then a response indicating that the cross-bank transfer business has been handled is received from the settlement system. The processor sends the response to the payee bank and the payee bank, and as a confirmation message reflecting that the funds have been debited from the payee's account and the funds have been credited into the payee's account respectively received from the payee bank and the payee bank.

Description

[0001] The technical solution relates to the field of finance, in particular to cross-bank electronic transfer services.

[0002] Nowadays, there are various methods for conducting intra-bank and cross-bank account transactions. At the same time, the payment and receipt scenarios implemented vary: personal transfer between own accounts (me2me), personal transfer between personal and legal accounts (c2c), personal and legal transfer between accounts (c2b, b2c), legal and legal transfer between accounts (b2b), government agency and personal transfer between accounts (g2c, c2g), government agency and legal transfer between accounts (g2b, b2g), domestic transfer or inter-country transfer (g2g). At the same time, automatic periodic payments can be set up for different transfer scenarios, including payment of subscription fees, addition of wages or material assistance.

[0003] For the above listed scenarios, there are two transfer mechanisms: transfer initiated by the sender (x2x push) and transfer initiated by the recipient (x2x pull).

[0004] Each of the existing transfer scenarios, including automatic periodic payments, requires a reliable and fast cross-bank transfer method. The claimed invention increases the speed of transfers in the automatic mode, while ensuring the reliability of the transfer in each of the transfer scenarios initiated by the recipient (x2x pull).

[0005] Nowadays, all the above scenarios support different transfer methods. Due to the fact that cross-bank transfers conducted using known methods can only be performed once within a certain period of time, there is a need to increase the speed of conducting transfers, while maintaining a high level of reliability of the transfer, and expanding the scope of application of the system and method, taking into account all cross-bank transfer scenarios available when the transfer is initiated by the recipient.

[0006] Known inventions describe systems and methods for managing payment systems, including a transaction identifier generation module, a payer interface required to ensure the connection between the processor and the payer, a recipient interface configured to ensure the accuracy of payment transaction information, wherein the transfer to the recipient is initiated by the processor.

[0007] As a result, the conduct of electronic payment transactions is ensured (RU 2628326, G06Q20 / 10; application publication date: 15.08.2017).

[0008] The known invention is deficient in that the payer needs to enter the amount of the payment, the payee's account identifier and the identifier of the goods or services, and then send this information to the processor to generate a transaction identifier, which means that the transfer initiated by the payee cannot be automated under the system framework. Furthermore, the known invention does not provide the possibility of fulfilling the financial obligation directly when the payment is made, regardless of the transfer scenario.

[0009] The closest known solution to the one described in the present invention is a system and method for settlement under a payment transaction framework (US application No. 2018308070, G06F 17 / 30; G06Q 20 / 02, application publication date: 24.10.2018), which includes a payee bank, a payer bank, a processor and a settlement system, wherein the payer bank sends a message to the processor to initiate a payment transaction, which is then sent to the payee bank, which verifies it and sends a message to the processor that the payment transaction has been confirmed. The processor checks whether the message contains a tag, and then transmits it to the settlement system, which generates instructions for the transfer between the accounts of the payer and the payee, and then the settlement system sends a notification to the processor that the transaction has been made, and then settlement is made under the transfer transaction framework between the accounts of the payer and the payee banks.

[0010] As in the case of the known solution applied when initiating a transaction through a processor, the settlement system ensures settlement under the network transaction framework at the request of the device initiating the transaction.

[0011] The deficiency of the known solution is the low speed of cross-bank transfers, since, before sending the message to the settlement system, it is necessary to generate a net position file, which significantly reduces the processing speed of the transfer transaction, that is, the known system and method do not allow cross-bank transfers to be performed in online mode under the framework of each transaction, and, when the transaction is made, the speed is also affected by the necessity of converting the first message format into the second message format before generating the transfer instructions, and converting the second message format into the first message format before sending the payment notification, which prolongs the time for making cross-bank transfer transactions.

[0012] The technical problem that the present invention aims to solve is to create a method and system for making cross-bank transfer transactions in an automated mode, regardless of the transfer scenario (the payer and the payee can be individuals, legal entities or the government), which helps to increase the speed of cross-bank transfers initiated by the payee, including transfer transactions made periodically in an automated mode.

[0013] The technical effect achieved by implementing the present application is that, regardless of the processing scenario of the transfer transaction, the generation phase of the trust note identifier is included in the system and method, the trust note identifier is identified, the final trust note is identified according to the presence of the trust note identifier, the identified final trust note is sent to the settlement system, so that the payer and the payee can settle each transaction separately when receiving the instruction to handle the transfer transaction through any existing transfer scenario, thereby improving the speed of the automatic system and method for handling the transfer transaction initiated by the payee on a regular basis in an automatic mode; in addition, the implementation of the present application can ensure the high speed of the transfer within the bank, and the factors that help to ensure this include that the system and method include the trust note identifier generated by the trust note identifier generation module, the final trust note is identified according to the presence of the trust note identifier in the processor, and the payer and the payee handle the settlement transaction when receiving the identified final trust note and the instruction to handle the transfer transaction in the settlement system, which helps to identify the payment transaction and settle between the payer and the payee directly when receiving the instruction to handle the transfer transaction; since the bank exchanges the trust note for approval when transferring and thereby excludes the possibility of being rejected when handling the settlement transaction, the high speed of the transfer transaction is ensured while maintaining a high level of reliability; the system and method help to achieve higher liquidity, because the transfer transaction is not handled only once within a predetermined time period, but is divided into several separate transactions directly when transferring, as a result, the payee bank immediately obtains funds from the payer bank and transfers them into the payee account.

[0014] The technical effect is guaranteed by a system for handling cross-bank transfer transactions, which includes a payer device, a payee device, a payer bank, a payee bank, a database, a trust note identifier generation module, a processor configured to identify the trust note identifier and identify the trust note, and a settlement system configured to settle between the payer bank and the payee bank when receiving the indicated trust note from the processor.

[0015] In particular, the database is configured to receive, record, store and search the trust note identifier related to the trust note details.

[0016] In particular, the payee device is configured to transmit a part of the trust note data in machine-readable form containing the trust note identifier to the payer device.

[0017] In particular, the payer device is configured to obtain a part of the trust note data received from the payee device containing the trust note identifier.

[0018] In particular, the payer bank, the processor and the payee bank are configured to verify and supplement the trust note.

[0019] In particular, the processor is made to interact with the identifier generation module, the database, the payer bank, the payee bank and the settlement system.

[0020] The technical effect is also guaranteed by the method for carrying out a cross-bank money transfer in automatic mode, comprising the following steps:

[0021] - the payee device generates a part of the giro slip data and sends the part of the giro slip data to the processor;

[0022] - the processor receives the part of the giro slip data, then acquires the giro slip identifier from the giro slip identifier generation module, binds the giro slip identifier to the part of the giro slip data and sends the part of the giro slip data containing the giro slip identifier to the payee device;

[0023] - then, the payee device transmits the part of the data to the payer device;

[0024] - the payer device receives the part of the data and transmits it to the payer bank, then from the payer bank to the processor;

[0025] - the processor receives the part of the data, identifies the giro slip identifier, then transmits the part of the data to the payee bank;

[0026] - the payee bank receives the part of the data containing the giro slip identifier, then complements the part of the giro slip data missing and sends the two parts of the giro slip data containing the giro slip identifier to the processor;

[0027] - the processor receives the two parts of the giro slip data, generates the final giro slip, then identifies the final giro slip for the payment of the money transfer and sends it to the settlement system, then receives from the settlement system a response indicating that the money transfer has been carried out;

[0028] - the processor sends the response indicating that the money transfer has been carried out to the payer bank and to the payee bank;

[0029] - as a reflection, the processor receives from the payer bank and from the payee bank, respectively, a confirmation message indicating that the money has been debited from the payer's account and that the money has been credited to the payee's account.

[0030] In particular, the part of the giro slip data containing the giro slip identifier in machine-readable form is transmitted from the payee device to the payer device.

[0031] In particular, the payer device acquires the part of the giro slip data received from the payee device containing the giro slip identifier.

[0032] In particular, the payee bank, the processor and the payor bank verify and supplement the giro data.

[0033] In particular, the payee bank receives from the processor a part of the giro data containing the giro identifier, verifies it and sends to the processor a confirmation message that the funds are ready for crediting.

[0034] In particular, the payor bank verifies a part of the giro data containing the giro identifier before transmitting it to the processor and sends to the processor a confirmation message that the funds are ready for debiting.

[0035] In particular, the identifier generation module generates the giro identifier and then sends it to the processor and, in turn, to the database.

[0036] In particular, the processor requests the database and saves the giro identifier relating to a part of the giro data.

[0037] In particular, the processor requests the database and receives the giro identifier from the database.

[0038] In particular, the processor sends the results of the system element dialogue to the database, which saves the results of the system element dialogue acquired.

[0039] In particular, the payee bank generates the final giro and then transmits it to the processor.

[0040] In particular, the settlement system checks whether the final giro contains the flag for settlement when carrying out the payment transaction and then settles between the payor bank and the payee bank.

[0041] In the context of the present invention, a part of the giro data is information that can be sent and / or received through a computer network using different hardware and technical methods. The part of the giro data is used to carry out (and / or initiate) the transaction of transferring funds from the payor account to the payee account. The transmission methods of the part of the giro data include, but are not limited to, links, characters in the form of numbers and letters, two-dimensional codes, bar codes, NFC, Bluetooth and / or BLE, etc.

[0042] The payor device is an electronic device programmed to receive a part of the giro data containing the giro identifier and to send to the payor bank data sufficient to initiate the transaction aimed at transferring funds from the payor account, thus initiating the transaction of transferring funds from the payor account to the payee account. For example, the payor device can be a smartphone, a computer, etc.

[0043] The payee device is a device configured to generate a part of the giro data and to send the part of the data required for the transfer transaction to the payer bank. According to one of the embodiments of the application, the payee device can be configured to display the part of the data in a machine-readable form so that the payer device can acquire the part of the data.

[0044] In the context of the application, the processor means at least one computer configured to communicate with the database, the giro identifier generation module, the payer bank system, the payee bank system and the settlement system. In this way, the processor can be considered as the system control center configured to ensure the possibility of exchanging messages with all the elements of the system. The processor sends the results of the conversation of the elements of the system to the database so that the database can store them.

[0045] The processor is configured to receive the part of the giro data from the payee bank, to process the received data and to send the processed data to the payee device via the payee bank. The processing of the received data is as follows: the system makes a request to the identifier generation module for a giro identifier, supplements the part of the giro data with the giro identifier, sends the part of the giro data related to the giro identifier to the payee bank and to the database.

[0046] The processor is configured to receive the data sent from the payer bank, which includes the part of the giro data containing the giro identifier and the confirmation message that the funds are ready to be debited. In addition, the processor is configured to identify the giro identifier and to supplement the part of the giro data. The latter means that the processor exchanges messages with the database, acquires the giro data, such as the processor identifier, the message identifier, etc. from the database, and then supplements the part of the giro data containing the giro identifier.

[0047] The processor receives the data from the payee bank, which includes two parts of the giro data containing the giro identifier and the confirmation message that the payer bank is ready to credit the account. The processor is configured to be able to generate the final giro on the basis of the giro data. Depending on whether the message contains the giro identifier, the processor identifies the generated final giro for online settlement, i.e. for the cross-border transfer transaction at the time of payment. The processor is configured to send the identified generated final giro to the settlement system and at the same time to request the transfer of funds from the payer account to the payee account directly at the time of payment. The processor identifies the final giro before sending it to the settlement system, which not only helps to speed up the handling of cross-border transfer transactions, but also extends its scope of application, because it enables the settlement system to decide whether it is necessary to process the data directly upon receipt of the final giro, regardless of the transfer scenario.

[0048] In addition, the processor is configured to receive a clearing system message containing a response indicating that the transfer transaction has been completed. The processor generates messages to the payer bank and the payee bank in accordance with the message received from the clearing system, and then sends a command to the payer bank and the payee bank to debit the payer account and credit the payee account, respectively. In response, the processor receives a confirmation message from the payer bank indicating that the funds have been debited from the payer account and that the funds have been credited to the payee account. Thus, in the case where the transfer transaction is initiated by the payee, the transfer transaction is completed at the time of payment, regardless of the transfer scenario, without the need for any additional steps, such as generating a net position file or modifying / amending different message formats.

[0049] The database refers to a device programmed to receive, record, store and search the giro identifier, the result of the system element dialogue and the giro details (including but not limited to the payer identifier and / or the payee identifier and / or the bank identifier and the bank account number associated with the giro identifier). The database can be autonomous or included in at least one element of the system for processing cross-bank transfer transactions.

[0050] The giro identifier generation module refers to a device programmed to create a giro identifier used in a transfer transaction between two or more bank accounts. The giro identifier generation module can be autonomous or included in at least one element of the system for processing transfer transactions. The giro identifier generation module is configured to be able to interact with the processor, i.e. to receive a message containing a request for a giro identifier, to generate a giro identifier and to send the giro identifier to the processor upon request.

[0051] In the context of the present invention, the clearing system refers to a combination of hardware and software containing at least one computer programmed to perform the actual transfer when receiving a request from the processor to process a transfer transaction and to change the amount of funds in the clearing account.

[0052] In the following, the present invention is explained using drawings.

[0053] Figure 1 System for processing transfer transactions.

[0054] Figure 2 Method for processing transfer transactions.

[0055] Detailed implementation of the automated method under the framework of the present technical solution

[0056] In the first stage of implementing this method, the payee device generates a portion of the order data, which serves as the basis for further generating the order identifier and includes payee data and payment data. Subsequently, the generated portion of the order data is first sent to the payee bank, and then to the processor. According to one embodiment of the present invention, the portion of the order data may also include payer data, but this is not an indispensable condition for ensuring the effectiveness of this method and achieving the desired technical effect.

[0057] The processor receives a portion of the order data and, based on that, decides whether it is necessary to generate an identifier. It then sends a request to the order identifier generation module, receives a response containing the order identifier, binds the order identifier to a portion of the order data, and sends the portion of the order data containing the order identifier to the database. Finally, it sends the data to the payee's device through the payee's bank.

[0058] Subsequently, the portion of data containing the order identifier, in any machine-readable format, is transmitted from the payee's device to the payer's device. The payer's device receives the portion of the order data containing the order identifier. The payer's device may receive the portion of the data in various ways, such as by retrieving the portion of the data, clicking a link containing the portion of the data, etc. The portion of the data includes, but is not limited to, the order identifier, payee data or identifier, payee bank or bank identifier, payer data or identifier, payer bank data or bank identifier, transfer amount, and other payment data.

[0059] Then, the data portion is received from the payer's device, the transfer transaction is confirmed, and a confirmation message is sent to the payer's bank. Subsequently, the payer's bank receives the data portion, checks the existence of the transfer transaction confirmation message, and sends the data portion and the transfer transaction confirmation message to the processor.

[0060] According to one embodiment of the present invention, before the payer's device sends an confirmation message, the payer's bank sends a request to the processor for information related to the order identifier. Then, in response, the order data retrieved from the database is obtained from the processor and subsequently displayed on the payer's device. This stage is an integral part of improving the reliability of the system and method, as it helps reduce the likelihood of malfunctions.

[0061] The processor receives a portion of order data containing an order identifier, identifies the order identifier, and determines, based on the identifier, that the portion of data is a request for a transfer when making a payment directly within a transfer transaction framework. Subsequently, a request to retrieve information based on the order identifier is sent from the processor to the database, reflecting the receipt of data related to the order identifier.

[0062] Subsequently, the processor sends to the payee bank a portion of the giro data containing the giro identifier. The payee bank verifies said portion of the data and confirms the possibility of crediting the payee account with the funds, subsequently complementing said portion with the portion of the giro data that is missing to carry out the cross-bank transfer. Subsequently, the payee bank sends to the processor at least a message of confirmation that the funds can be credited to the payee account and the two portions of the giro. The approval phase is a phase that is indispensable for the type of service described in the present application and contributes to further increase the reliability of the system and method described, since it makes it possible to exclude malfunctions and, accordingly, the possibility of failures in the payment. According to one of the embodiments of the present application, the payee bank processes the two portions of the giro, generates the final giro and sends it to the processor.

[0063] The processor receives said message from the payee bank, complements the data received and generates the final giro, which is identified to ensure the possibility of subsequently carrying out the service directly upon receipt by the settlement system. According to one of the embodiments of the present application, the processor receives from the payee bank the final giro that has been generated and is identified to ensure the possibility of subsequently carrying out the service directly upon receipt by the settlement system.

[0064] In the next step, the final giro that has been generated and identified is sent to the settlement system, which recognizes the request for settlement in carrying out the payment service on the basis of the identifier and, in accordance with the data of the final giro that has been generated and identified, debits the payor bank account and credits the payee bank account. Subsequently, the settlement system sends to the processor a response indicating that the transfer has been carried out. According to one of the embodiments of the present application, the system sends to the processor a response indicating that the transfer has been carried out, following the processing of the final giro that has been generated and identified, and the settlement between the payor and payee bank accounts.

[0065] Upon receipt of the response from the settlement system, the processor sends to the payor bank (request for debiting the payor account) and to the payee bank (request for crediting the payee account) a notification indicating that the transfer has been carried out.

[0066] The method can be implemented using the automated system for carrying out cross-bank transfers described in the present application.

[0067] The system and method described have the advantage of improving the speed of carrying out cross-bank transfers initiated by the payee, regardless of the processing scenario of the transfer, including transfers that are carried out periodically in automatic mode, in addition to contributing to obtaining greater reliability and liquidity in the implementation of the present application.

Claims

1. An electronic business automation processing system for facilitating cross-border money transfer transactions, comprising: a payer device, a payee device, a payer bank, a payee bank, a database, a giro slip identifier generation module, a processor, a settlement system; simultaneously, the payee device is configured to generate a first portion of giro slip data necessary for facilitating the money transfer transaction and transmit the first portion of giro slip data to the processor via the payee bank, the first portion of giro slip data comprising payee data and payer data; the payee bank is configured to receive the first portion of giro slip data bound together with the giro slip identifier from the processor, supplement the first portion of giro slip data with a second portion of giro slip data sufficient to facilitate the cross-border money transfer transaction, and transmit both portions of giro slip data including the giro slip identifier to the processor; the payer device is configured to receive the giro slip identifier and the first portion of giro slip data from the payee device; the payer bank is configured to receive the giro slip identifier and the first portion of giro slip data from the payer device and transmit the received giro slip identifier and the first portion of giro slip data to the processor; the giro slip identifier generation module is configured to receive the first portion of giro slip data from the processor, generate the giro slip identifier based on the first portion of giro slip data, and transmit the generated giro slip identifier to the processor; the processor is configured to request the giro slip identifier generation module to generate the giro slip identifier based on the first portion of giro slip data received from the payee bank, bind the first portion of giro slip data received from the payee bank together with the giro slip identifier generated by the giro slip identifier generation module, store the bound first portion of giro slip data and the giro slip identifier in the database; receive both portions of giro slip data including the giro slip identifier to generate a final giro slip and identify the final giro slip with a flag indicating that it is necessary to directly facilitate the money transfer transaction for each transaction after receiving the giro slip, and transmit the final giro slip identified with the flag to the settlement system; the settlement system is configured to receive the final giro slip, check whether the final giro slip contains the flag, and if it contains the flag, immediately transfer funds from the payer bank account to the payee bank account for each transaction.

2. The electronic business automation processing system for handling cross-bank money transfer business according to claim 1, wherein: the database is configured to receive, record, store, and search for giro slip identifiers associated with giro slip details.

3. The system for handling cross-bank money transfer transactions according to claim 1, wherein: the payee device is configured to transmit a portion of giro slip data in machine-readable form including the giro slip identifier to the payer device.

4. The electronic business automation processing system for handling cross-bank money transfer services as claimed in claim 1 wherein: the payer device is configured to obtain the portion of giro slip data including the giro slip identifier received from the payee device.

5. The system for electronic business automation for cross-bank money transfer according to claim 1, wherein: the payer bank, the processor, and the payee bank are configured to verify and supplement the giro slip.

6. The electronic business automation processing system for handling cross-border money transfer transactions of claim 1, wherein: the processor is configured to interact with the identifier generation module, the database, the payer bank, the payee bank, and the settlement system.

7. An electronic business automation processing method for facilitating cross-border money transfer transactions, comprising: the payee device generates a first portion of giro slip data necessary for facilitating the money transfer transaction and comprising payee data and payer data; The first part of the giro data is then sent by the bank of the payee device to the processor, which decides, based on the data obtained, whether it is necessary to generate an identifier and sends a relevant request to the giro identifier generation module; The giro identifier is generated by the giro identifier generation module based on the first part of the giro data received; Next, the processor receives the generated identifier from the giro identifier generation module, binds the giro identifier to the first part of the giro data and saves the first part of the giro data and the giro identifier in the database; The first part of the giro data containing the giro identifier is then sent to the payee device; The payee device then transmits the first part of the giro data containing the giro identifier to the payer device; The payer device receives the first part of the giro data containing the giro identifier and transmits it to the payer bank; The payer bank then obtains the first part of the giro data containing the giro identifier from the payer device and sends it to the processor; The processor receives the first part of the giro data containing the giro identifier, identifies the giro identifier and checks the database for data associated with the identifier, and, if so, transmits the stored first part of the giro data and the giro identifier to the payee bank; The payee bank receives the first part of the giro data containing the giro identifier and then supplements the giro data with a part missing for the cross-bank transfer to be carried out; The two parts of the giro data containing the giro identifier are then sent to the processor; The processor receives the two parts of the giro data containing the giro identifier, uses them to generate the final giro and then marks the final giro for use in the payment process, which means that each transaction is to be transferred directly upon receipt of such a giro, and sends the final giro to the settlement system; The settlement system obtains the final giro, checks whether it contains the mark and, if so, immediately transfers funds from the payer bank account to the payee bank account for each transaction; The processor then receives a response from the settlement system indicating that the cross-bank transfer has been carried out; The processor sends the response indicating that the transfer has been carried out to the payer bank and the payee bank; In response, the processor receives messages from the payer bank and the payee bank indicating that the funds have been debited from the payer account and credited to the payee account, respectively.

8. The method for handling cross-bank money transfer transactions through electronic business automation according to claim 7, wherein: A part of the giro data in machine-readable form containing the giro identifier is transmitted from the payee device to the payer device.

9. The method for handling cross-bank money transfer transactions through electronic business automation according to claim 7, wherein: The payer device obtains the part of the giro data received from the payee device containing the giro identifier.

10. The method for processing electronic business automation for cross-bank money transfer according to claim 7, wherein: The payer bank, the processor and the payee bank verify and supplement the giro data.

11. The method for handling cross-bank money transfer transactions through electronic business automation according to claim 7, wherein: The payee bank receives a portion of the giro data containing the giro identifier from the processor, validates it and sends a confirmation message to the processor that the funds are ready for credit.

12. The method for handling cross-bank money transfer transactions through electronic business automation according to claim 7, wherein: The payer bank validates a portion of the giro data containing the giro identifier before transmitting it to the processor and sends a confirmation message to the processor that the funds are ready for debit.

13. The method for handling cross-bank money transfer transactions through electronic business automation according to claim 7, wherein: The identifier generation module generates a giro identifier and then sends the giro identifier to the processor and subsequently to the database.

14. The method for handling cross-bank money transfer transactions through electronic business automation according to claim 7, wherein: The processor requests the database and saves the giro identifier associated with a portion of the giro data.

15. The method for handling cross-bank money transfer transactions through electronic business automation according to claim 7, wherein: The processor requests the database and receives the giro identifier from the database.

16. The method for handling cross-bank money transfer transactions through electronic business automation according to claim 7, wherein: The processor sends the results of the system element conversation to the database, which saves the results of the system element conversation obtained.

17. The method for handling cross-bank money transfer transactions through electronic business automation according to claim 7, wherein: The payee bank generates a final giro and transmits it to the processor.

18. The method for handling cross-bank money transfer transactions through electronic business automation according to claim 7, wherein: The settlement system checks whether the final giro contains a flag indicating that the transfer was carried out directly upon receipt of the giro and then settles between the payer bank and the payee bank.

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