Patent ID: 8417636
Filing Date: 2013-04-09
Classification: G06Q

Abstract:
1. A computer-implemented method for approving automated clearing house (“ACH”) payments for processing by an ACH operator, comprising the steps of: receiving, by the ACH operator, an approved originator list from an originating depository financial institution (“ODFI”), the list comprising at least one originator authorized by the ODFI to originate and send ACH payments to the ACH operator on behalf of the ODFI; receiving, by the ACH operator, an ACH file for ACH processing, the ACH file comprising at least one ACH payment originated by a first originator and sent to the ACH operator on behalf of the ODFI; identifying, by a processing module of the ACH operator, the first originator based on information within the ACH file and determining whether the identified first originator is on the approved originator list; and protecting the ODFI from unauthorized payments originated by unauthorized originators by wherein the processing module is implemented in a computer system that comprises instructions stored in a machine-readable medium and a processor that executes the instructions.