Inventors:
- New York NY, US
Naveen Mallela - Singapore, SG
Gavin Lonsdale - Hampshire, GB
Lawrence Charles Drake - Bournemouth, GB
Sai Murali Krishna Valiveti - Singapore, SG
Elizabeth Polanco Aquino - Brooklyn NY, US
David Voell - Little Silver NJ, US
Suresh Shetty - Monmouth Junction NJ, US
Samer Falah - Staten Island NY, US
William J. Lee - Lithia FL, US
Leticia Pui Sze Lim - New York NY, US
Luciane Sant'Anna - Brandon FL, US
International Classification:
G06Q 20/38
G06Q 20/10
G06Q 20/22
G06Q 20/42
Abstract:
Systems and methods for the application of distributed ledgers for network payments as financial exchange settlement and reconciliation are disclosed. In one embodiment, a method for processing network payments using a distributed ledger may include: (1) a payment originator initiating a payment instruction to a payment beneficiary; (2) a payment originator bank posting and committing the payment instruction to a distributed ledger on a peer-to-peer network; (3) the payment beneficiary bank posting and committing the payment instruction to the distributed ledger on a peer-to-peer network; and (4) the payment originator bank validating and processing the payment through a payment originator bank internal system and debiting an originator account.