Patent ID: 7711641

Claim:
A financial transaction system for conducting transactions across financial institutions, comprising: a set of financial institutions, each financial institution comprising: a host system; a first data store associated with the host system and comprising account information for that financial institution; a second data store comprising data on users of the financial transaction system; a financial transaction center adapter configured to receive a first request according to a first set of standardized interfaces, each of the first set of standardized interface associated with a set of first requests and further configured to assemble a first response for each of the set of first requests; a financial institution transaction coordinator instance configured to determine one or more second requests corresponding to the received first request; a host specific adapter tailored to the host system of the financial institution and operable to implement the one or more second requests in conjunction with the host system utilizing an interface tailored to the host system of the financial institution; and a financial transaction center coupled to each of the financial institutions, comprising: a service interface, configured to receive a second request from a first financial institution according to the first set of standardized interfaces associated with the first set of requests and further configured to provide a second response for each of the first set of requests; a transaction control coordinator, configured to determine one or more third requests corresponding to the second received request and a second financial institution associated with each of the third requests and assemble the second response for the first financial institution based on a response to the one or more third requests; a requestor configured to issue each of the third request to the associated financial institution; receive the response for each of the third requests from the associated financial institution.