Patents by Inventor Tommy Weihua ZHU

Tommy Weihua ZHU has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • SYSTEMS AND METHODS FOR ACCOUNT RECONCILIATION USING A DISTRIBUTED LEDGER
    Publication number: 20180046992
    Abstract: Systems and methods for account reconciliation using a distributed ledger are disclosed. In one embodiment, a method for account reconciliation using a distributed ledger may include: (1) a payment sending financial institution receiving a transaction involving an account maintained by the payment sending financial institution for a payment receiving financial institution; (2) the payment sending financial institution communicating the transaction to the payment receiving financial institution using a transaction network; (3) the payment sending financial institution writing the transaction as a first ledger entry to the payment sending financial institution's copy of a distributed transaction ledger; (4) the payment sending financial institution receiving a second ledger entry from the payment receiving financial institution; and (5) the payment sending financial institution reconciling the account using the first ledger entry and the second ledger entry.
    Type: Application
    Filed: August 10, 2016
    Publication date: February 15, 2018
    Inventors: Kevin T. HANRAHAN, Daniel K. CHAU, Patrick CHIU, Lance CALAMITA, David John WALSH, Tommy Weihua ZHU