Carl Shishmanian

US Patent:

8396798, Mar 12, 2013

Filed:

Jan 20, 2012

Appl. No.:

13/354402

Inventors:

Richard Norman - Dallas TX, US
Tommy J. Vicknair - Humble TX, US
Carl Shishmanian - Louisville KY, US
W. Earl Jennings - Dublin OH, US
David L. James - Mt. Gilead OH, US

Assignee:

JPMorgan Chase Bank, N.A. - New York NY

International Classification:

G06Q 40/00

US Classification:

705 40

Abstract:

According to one embodiment, the present invention relates to a method and a system for facilitating settlement processing within a network of financial institutions may include receiving one or more payment items from a plurality of payment entities, at a centralized agent; aggregating the payment items into one or more categories; identifying a payee financial institution and a payor financial institution for each payment items, wherein the payee financial institution and the payor financial institution are different; determining whether the payee financial institution and the payor financial institution are within the network of financial institutions; for the payee and payor within the network, determining at the centralized agent a settlement path within the network of financial institutions for each payment item; and for the payee and payor that are not within the network, forwarding the payment items to a third party settlement entity.

US Patent:

20050273347, Dec 8, 2005

Filed:

Jun 4, 2004

Appl. No.:

10/860287

Inventors:

Christopher Dudley - Louisville KY, US
Carl Shishmanian - Louisville KY, US
Arthur Guelda - Louisville KY, US

International Classification:

G06F017/60

US Classification:

705001000, 705039000

Abstract:

A method and system of the present invention are directed to processing payment items at a central processing facility for a merchant with multiple merchant locations. A computer implemented method for processing payment items may involve receiving an envelope with a label wherein the envelope comprises payment items from a merchant location; wherein the label indicates to a sorter at a mail facility that the envelope is destined for a central processor and the envelope skips regular mail channels; encoding one or more of the payment items at the central processor; depositing the payment items into a single national account associated with a merchant entity, wherein the merchant entity comprises a plurality of merchant locations; clearing the payment items through one or more payor entities; and providing funds availability information to the merchant entity through an online interface.

US Patent:

20060212391, Sep 21, 2006

Filed:

May 26, 2005

Appl. No.:

11/137407

Inventors:

Richard Norman - Dallas TX, US
Tommy Vicknair - Humble TX, US
Carl Shishmanian - Louisville KY, US
John Stephens - Houston TX, US
W. Jennings - Dublin OH, US
David James - Mt. Gilead OH, US

Assignee:

JPMorgan Chase Bank, N.A. - New York NY

International Classification:

G06Q 40/00

US Classification:

705040000

Abstract:

According to one embodiment, the present invention relates to a method and a system for efficient transaction processing. According to an exemplary embodiment, a method and system for facilitating settlement processing within a network of financial institutions may include receiving one or more payment items from a plurality of payment entities, at a centralized agent, wherein the one or more payment items comprise one or more electronic images and paper instruments; aggregating the payment items into one or more categories; identifying a payee financial institution and a payor financial institution for each payment items, wherein the payee financial institution and the payor financial institution are different; determining whether the payee financial institution and the payor financial institution are within the network of financial institutions; for the payee and payor within the network, determining at the centralized agent a settlement path within the network of financial institutions for each payment item; and for the payee and payor that are not within the network, forwarding the payment items to a third party settlement entity by the centralized agent for settlement processing.