Patent ID: 7596522
Filing Date: 2009-09-29
Classification: G06Q

Abstract:
1. A computer program product for processing large deposits that exceed an established deposit insurance limit so that the large deposits are fully insured, the large deposits being received by a plurality of unaffiliated banks from their depositors, the computer program product comprising computer-readable media encoded with instructions for execution by a processor to perform a method comprising: (a) receiving orders placed by the plurality of unaffiliated banks to process the large deposits; (b) partitioning each of the large deposits into a plurality of deposit portions, each deposit portion not exceeding the established deposit insurance limit; and (c) assigning at least some of the deposit portions to at least some of the unaffiliated banks for deposit therein so that at least some of the unaffiliated banks that place orders to process large deposits also receive deposit portions from other unaffiliated banks that place orders to process large deposits.