ACH Transaction Search by Type Code
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Solution Overview
Problem
Conventional ACH systems lack the ability to search and identify multiple ACH items based on various criteria such as amount, routing number, process/settlement date, and company/individual name, limiting customers' ability to review and manage their transactions effectively.
Innovation Solution
The system allows customers to search for and identify ACH items by type of transaction, enabling the ACH operator to present a meaningful set of search results by associating each transaction with a specific type and enabling customers to request information based on specified criteria, including types like returns, dishonored returns, and notifications of change.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If conventional ACH systems process transactions without transaction type classification, then processing simplicity is maintained, but customers cannot search and identify multiple ACH items based on various criteria
Solution Approach 1:
The patent segments ACH transactions by assigning a transaction type code to each item, allowing customers to search and identify items based on specific criteria such as returns, dishonored returns, and notifications of change. This segmentation enables targeted queries without requiring customers to review all transactions
Solution Approach 2:
The patent introduces a search module as an intermediary component that receives customer queries with search criteria, matches them against stored ACH items with associated transaction types, and returns relevant results. This intermediary handles the complexity of searching and matching, keeping the customer interface simple
2Loss of information
If ACH systems store detailed transaction information for all items, then complete record-keeping is achieved, but customers cannot efficiently locate specific transaction types
Solution Approach 1:
The patent applies preliminary action by pre-classifying each ACH item with a transaction type code during the initial processing stage. This pre-organization of data by transaction type enables rapid retrieval when customers search for specific transaction categories, eliminating the need to manually review all transactions
Solution Approach 2:
The search module provides feedback to customers by returning only the ACH items that match their search criteria. This selective feedback mechanism helps customers quickly locate specific transaction types without being overwhelmed by irrelevant information, reducing the time needed to find what they need
Data Source
AI summary
Identifying automated clearing house (“ACH”) transaction items processed by an ACH operator comprises processing ACH items for acceptance by the ACH operator. Each ACH item relates to an ACH transaction type. Each ACH item is associated with a corresponding ACH transaction type to which it is related. Each ACH item also is associated with parties involved in the transaction detailed in the ACH item. A request for information regarding a specified ACH transaction type is received from a requesting party. ACH items associated with the specified ACH transaction type and the requesting party are identified in response to receiving the request. Information regarding the identified ACH items is presented to the requesting customer.