Patent SG-11201903092W-A (SG)
Title: Financial management systems and methods
Inventor: JAYARAM ARJUN
IPC: G06Q20/38
Filed: 2017-09-11
Abstract: 12) INTERNATIONAL APPLICATION PUBLISHED UNDER THE PATENT COOPERATION TREATY (PCT) (19) World Intellectual Property Organization International Bureau (43) International Publication Date 15 March 2018 (15.03.2018) WIP0 I PCT omit VIII °nolo mil ommomovoimill (10) International Publication Number WO 2018/049358 Al (51) International Patent Classification: G06Q 20/38 (2012.01) G06Q 20/36 (2012.01) G06Q 20/06 (2012.01) G06Q 40/00 (2012.01) GO6Q 20/40 (2012.01) (21) International Application Number: PCT/US2017/051026 (22) International Filing Date: 11 September 2017 (11.09.2017) (25) Filing Language: English (26) Publication Language: English (30) Priority Data: 62/393,395 12 September 2016 (12.09.2016) US 62/393,399 12 September 2016 (12.09.2016) US 15/701,313 11 September 2017 (11.09.2017) US (71) Applicant: BATON SYSTEMS, INC. [US/US]; 1003 Olive Ave., Fremont, California 94539 (US). (72) Inventors: JAYARAM, Arjun; 1003 Olive Ave., Fre- mont, California 94539 (US). ABIDE Mohammad Taha; 308 Dawes Ct., San Ramon, California 94582 (US). SUGA- VANAM, Sumithra Kamalapuram; 966 Highland Ter- race, Sunnyvale, California 94085 (US). (74) Agent: SPONSELLER, Steven; Strategic IP Solutions, LLC, 624 W. Hastings Road, Suite 3, Spokane, Washington 99218 (US). (81) Designated States (unless otherwise indicated, for every kind of national protection available): AE, AG, AL, AM, AO, AT, AU, AZ, BA, BB, BG, BH, BN, BR, BW, BY, BZ, CA, CH, CL, CN, CO, CR, CU, CZ, DE, DJ, DK, DM, DO, DZ, EC, EE, EG, ES, FI, GB, GD, GE, GH, GM, GT, HN, HR, HU, ID, IL, IN, IR, IS, JO, JP, KE, KG, KH, KN, KP, KR, KW, KZ, LA, LC, LK, LR, LS, LU, LY, MA, MD, ME, MG, MK, MN, MW, MX, MY, MZ, NA, NG, NI, NO, NZ, OM, PA, PE, PG, PH, PL, PT, QA, RO, RS, RU, RW, SA, SC, SD, SE, SG, SK, SL, SM, ST, SV, SY, TH, TJ, TM, TN, TR, TT, TZ, UA, UG, US, UZ, VC, VN, ZA, ZM, ZW. (84) Designated States (unless otherwise indicated, for every kind of regional protection available): ARIPO (BW, GH, GM, KE, LR, LS, MW, MZ, NA, RW, SD, SL, ST, SZ, TZ, UG, ZM, ZW), Eurasian (AM, AZ, BY, KG, KZ, RU, TJ, TM), European (AL, AT, BE, BG, CH, CY, CZ, DE, DK, EE, ES, FI, FR, GB, GR, HR, HU, IE, IS, IT, LT, LU, LV, MC, MK, MT, NL, NO, PL, PT, RO, RS, SE, SI, SK, SM, TR), OAPI (BF, BJ, CF, CG, CI, CM, GA, GN, GQ, GW, KM, ML, MR, NE, SN, TD, TG). (54) Title: FINANCIAL MANAGEMENT SYSTEMS AND METHODS (57) : Example fmancial management systems and methods are described. In one implementation, a fmancial management system receives a request to transfer assets from a first account at a first financial institution to a second account at a second financial institution. The financial manage- ment system initiates a debit of the first account by the transfer amount and initiates a credit of a first suspense account at the first financial institution by the transfer amount. The fmancial management system then initiates a AUTHOR ED settlement of the transferred assets between the first suspense account and IZ SYSTEM 110 a second suspense account at the second fmancial institution. Finally, the fmancial management system initiates a debit of the second suspense ac- count by the transfer amount and initiates a credit of the second account by the transfer amount. W O 20 18/04935 8 Al FINANCIAL MANAGEMENT SYSTEM 142 FIG. l [Continued on next page] WO 2018/049358 Al MIDEDIM011111 1111E111 IIE0 0VIE111111111110111101111111111111111111 Declarations under Rule 4.17: as to applicant's entitlement to apply for and be granted a patent (Rule 4.17(11)) as to the applicant's entitlement to claim the priority of the earlier application (Rule 4.17(iii)) Published: — with international search report (Art. 21(3))