Patents Assigned to Thomas J Perkowski, Esq.

Computer-implemented method of reducing risk in a payment-based transaction wherein payment is made from an account holder to a counterparty using a payment bank system oprated by a payment bank and wherein a payment authorizing instruction is returned to payment queue for later re-evaluation in the event that the amount of payment authorized by said payment authorizing instruction exceeds the available balance

Publication number: 20040236677

Abstract: A real-time, global system and method for controlling payments risk, liquidity risk and systemic risk arising between financial counterparties active in payments-based transactions. The system comprises: a plurality of User Host Applications for use by plurality of Users; a plurality of Third Party Host Applications for use by plurality of Third Parties; and a plurality of Payment Bank Host Applications for use by a plurality of Payment Banks operating a plurality of domestic payment systems. All host applications communicate via cryptographically secure sessions via private communications networks and/or the Internet global computer network. User and Payment Bank access is secured by digital certification. Each Payment Bank Host Application has a mechanism for processing payment messages, including payments instructions to be carried out in its domestic payments system on behalf of a plurality of account holders (including bank correspondents).

Type: Application

Filed: March 31, 2004

Publication date: November 25, 2004

Applicant: Thomas J Perkowski, Esq.

Inventor: Kathleen Tyson-Quah
System for reducing payments risk, liquidity risk and systemic risk associated with payments-based transactions wherein a filter process module in each payment bank host application is integrated with payments processing such that payments instructions are filtered for compliance using suspend payments instructions and payments risk parameters

Publication number: 20040236687

Abstract: A real-time, global system and method for controlling payments risk, liquidity risk and systemic risk arising between financial counterparties active in payments-based transactions. The system comprises: a plurality of User Host Applications for use by plurality of Users; a plurality of Third Party Host Applications for use by plurality of Third Parties; and a plurality of Payment Bank Host Applications for use by a plurality of Payment Banks operating a plurality of domestic payment systems. All host applications communicate via cryptographically secure sessions via private communications networks and/or the Internet global computer network. User and Payment Bank access is secured by digital certification. Each Payment Bank Host Application has a mechanism for processing payment messages, including payments instructions to be carried out in its domestic payments system on behalf of a plurality of account holders (including bank correspondents).

Type: Application

Filed: March 31, 2004

Publication date: November 25, 2004

Applicant: Thomas J Perkowski, Esq.

Inventor: Kathleen Tyson-Quah