WO2016132172A1 - System and method for secured delivery of electronic bank statements to third parties on behalf of customers - Google Patents

System and method for secured delivery of electronic bank statements to third parties on behalf of customers Download PDF

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Publication number
WO2016132172A1
WO2016132172A1 PCT/IB2015/051120 IB2015051120W WO2016132172A1 WO 2016132172 A1 WO2016132172 A1 WO 2016132172A1 IB 2015051120 W IB2015051120 W IB 2015051120W WO 2016132172 A1 WO2016132172 A1 WO 2016132172A1
Authority
WO
WIPO (PCT)
Prior art keywords
bank
banks
customer
statements
customers
Prior art date
Application number
PCT/IB2015/051120
Other languages
French (fr)
Inventor
Oluwayemisi OYEWOLE
Oluwakemi OYEWOLE
Original Assignee
Oyewole Oluwayemisi
Oyewole Oluwakemi
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Oyewole Oluwayemisi, Oyewole Oluwakemi filed Critical Oyewole Oluwayemisi
Priority to PCT/IB2015/051120 priority Critical patent/WO2016132172A1/en
Publication of WO2016132172A1 publication Critical patent/WO2016132172A1/en

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Classifications

    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/02—Banking, e.g. interest calculation or account maintenance

Definitions

  • the mybankStatement ® software solution is developed using a three tier framework comprising of Microsoft ASP. Net on the application layer, Microsoft .NET framework on the logic layer and Microsoft SQL Server database on the database layer.
  • mybankStatement ® plugin to initiate a request for their bank statement to be sent to a requesting organization.
  • the customer can go to the bank's branch physically and request for their bank statement to be sent to a requesting organization.
  • the Customer Service Officer logs on to the mybankStatement ® user interface on his intranet explorer and initiates the request, then he/she prints out an authorization slip for the customer to sign as a control.
  • the system processes the transaction successfully, he/she will then print out the receipt for the customer containing the unique receipt no and the unique bank statement passcode. c.
  • the request is electronically sent to the mybankStatement platform for generation, billing, sending and archiving.
  • the mybankStatement ® platform will send a query to the banks repository 3 based on the received parameters
  • the bank's repository will reply the query with the details of the customer's account and
  • the mybankStatement ® platform will generate a pdf bank statement and encrypt the message to ready to be sent out, pending when the billing is concluded
  • the mybankStatement ® platform will compute the cost of the bank statement by summing up the number of pages and then applying the service charges b .
  • the cost is passed to the bank's billing system to debit the customer's account and credit both the bank's income account and Wallz & Queen Limited's current account based on the agreed sharing ratio c .
  • the billing system responds and the status on the mybankStatement ® platform is updated to "Paid". At this point the customer can print out the receipt as stated in step A and B above.
  • the mybankStatement ® platform will send the encrypted message, containing the .pdf file, to the requesting organization over a securely shared protocol and interface method (web service).
  • the mybankStatement ® platform will update the request status to "Sent".
  • the requesting organization responds with a delivery status message and the mybankStatement ® platform will update the request status to "Delivered”.
  • the bank's repository could be either the core banking platform or a data warehouse maintained by the bank. It must contain customer's transaction history, signatory information, and account details. This will be the source of all bank statement requests that are generated.
  • the service charges will be based on the cost per page and the processing fees charged by the requesting organization if any.
  • the sharing ratio will be based on agreement by the bank and Wallz & Queen Limited.
  • the mybankStatement ® platform can integrate with the banks repository database directly using Microsoft SQL Openquery for a Microsoft SQL Server database server or Oracle Data Access Components for an Oracle database server.
  • the mybankStatement ® user interface plugin will be created on the banks internet banking platform in order to initiate requests, track their delivery status and print out receipts.
  • All requests initiated will be populated into a table on the mybankStatement ® platform to be scheduled for automated generation, billing and delivery of the statement.
  • the status of all requests will be visible on the internet banking platform by connecting to a table that will be updated with the status changes.
  • all the receipts will be displayed on a new tab/window as HTML for printing by the customer.
  • Wallz & Queen Limited will be responsible for providing an updated list of requesting
  • This module is used by the system administrator to grant access to users based on their respective roles. It can also be used to deactivate users.
  • This module is to be operated by the bank's service administration team.
  • This module is further divided into two variants, namely;
  • This module is used by the requesting officer.

Abstract

The mybankStatement software is a shared service for all commercial banks, mortgage banks, embassies and other specific organizations who request for bank statement from applicants (individuals or corporate bodies) and require the statements to be delivered to them pre- authenticated by the banks. The mybankStatement software intends achieve the following; Reduce the printing of bank statements worldwide, Eliminate the forgery of bank statements by customers and conniving bank officials Increase the turnaround time for processing loan, visa and other specific applications requiring genuine bank statements. It is to be accessible by every banked customer through the banks internet banking platform or through the banks operations team via the mybankStatement software within the bank.

Description

SYSTEM AND METHOD FOR SECURED DELIVERY OF ELECTRONIC BANK STATEMENTS TO THIRD PARTIES ON BEHALF OF CUSTOMERS
1.1 Service Description
The mybankStatement® software solution is developed using a three tier framework comprising of Microsoft ASP. Net on the application layer, Microsoft .NET framework on the logic layer and Microsoft SQL Server database on the database layer.
It integrates with the bank's Microsoft Active Directory for user authentication. It also integrates with the banks data warehouse for statement generation and the bank's billing system for collection of charges.
1.1.1 Sending bank statements
The diagram (Fig 1 .0) below illustrates the overall system process and workflow.
Figure 1 .0 - KEY DESCRIPTION
a. The customer logs on to their secure internet banking platform and uses the
mybankStatement® plugin to initiate a request for their bank statement to be sent to a requesting organization.
When the system processes the transaction successfully, he/she will then print out the transaction receipt which contains his unique receipt no and the unique bank statement passcode.
b. Alternatively, the customer can go to the bank's branch physically and request for their bank statement to be sent to a requesting organization. The Customer Service Officer logs on to the mybankStatement® user interface on his intranet explorer and initiates the request, then he/she prints out an authorization slip for the customer to sign as a control.
When the system processes the transaction successfully, he/she will then print out the receipt for the customer containing the unique receipt no and the unique bank statement passcode. c. On completion of the request initiation by the customer, the request is electronically sent to the mybankStatement platform for generation, billing, sending and archiving.
d. Alternatively, on completion of the request initiation by the Customer Service Officer, the
request is electronically sent to the mybankStatement platform for generation, billing, sending and archiving.
e. The mybankStatement® platform will send a query to the banks repository 3 based on the received parameters
f. The bank's repository will reply the query with the details of the customer's account and
transaction history. The mybankStatement® platform will generate a pdf bank statement and encrypt the message to ready to be sent out, pending when the billing is concluded
successfully.
g. The mybankStatement® platform will compute the cost of the bank statement by summing up the number of pages and then applying the service charges b. The cost is passed to the bank's billing system to debit the customer's account and credit both the bank's income account and Wallz & Queen Limited's current account based on the agreed sharing ratio c. h. On successful completion of the transaction the billing system responds and the status on the mybankStatement® platform is updated to "Paid". At this point the customer can print out the receipt as stated in step A and B above.
i. The mybankStatement® platform will send the encrypted message, containing the .pdf file, to the requesting organization over a securely shared protocol and interface method (web service). The mybankStatement® platform will update the request status to "Sent".
j. On delivery, the requesting organization responds with a delivery status message and the mybankStatement® platform will update the request status to "Delivered".
k. Finally, the customer receives an email alert informing him/her that their statement has just been delivered to requesting organization. a The bank's repository could be either the core banking platform or a data warehouse maintained by the bank. It must contain customer's transaction history, signatory information, and account details. This will be the source of all bank statement requests that are generated. b The service charges will be based on the cost per page and the processing fees charged by the requesting organization if any.
0 The sharing ratio will be based on agreement by the bank and Wallz & Queen Limited.
1.1.2 Receiving bank statements
As a bank, statements sent from other banks can be previewed by logging on to the
mybankStatement® platform and searching for the bank statement with the customer's receipt number. You will also be required to use the passcode on the receipt preview the bank statement.
1.1.3 Integration method with bank repository and billing platform
The mybankStatement® platform can integrate with the banks repository database directly using Microsoft SQL Openquery for a Microsoft SQL Server database server or Oracle Data Access Components for an Oracle database server.
For the billing platform, the bank will advise on the most convenient method for integration and we will comply.
1.1.4 Integration method with internet banking platform
The mybankStatement® user interface plugin will be created on the banks internet banking platform in order to initiate requests, track their delivery status and print out receipts.
All requests initiated will be populated into a table on the mybankStatement® platform to be scheduled for automated generation, billing and delivery of the statement. The status of all requests will be visible on the internet banking platform by connecting to a table that will be updated with the status changes. Finally, all the receipts will be displayed on a new tab/window as HTML for printing by the customer.
1.1.5 Integration method with third party requesting organizations
Wallz & Queen Limited will be responsible for providing an updated list of requesting
organizations for the receipt of bank statements. Only organizations on the list will appear on the mybankStatement® platform. Connections to requesting organizations will be via web and email service.
1.2 Admin Module
This module is used by the system administrator to grant access to users based on their respective roles. It can also be used to deactivate users.
This module is to be operated by the bank's service administration team.
1.3 Requesting Module
This module is further divided into two variants, namely;
• Internet Banking add-on
• Customer Service Module
The process and workflows are as illustrated below in Fig 2.0 and Fig 3.0 respectively
1.4 Receiving Module
This module is used by the requesting officer.
On this module statements from other banks are received and previewed. The diagram Fig 4.0 below illustrates the process and workflow.

Claims

1. A SYSTEM & METHOD FOR SECURED DELIVERY OF ELECTRONIC BANK STATEMENTS BETWEEN COMMERCIAL BANKS, MORTGAGE BANKS, EMBASSIES AND OTHER BANK STATEMENT
REQUESTING ORGANIZATIONS, ON BEHALF OF CUSTOMERS comprising: A banked customer, a secured internet banking application, his/her bank's customer service operative, a software application, the bank's core banking software or data warehouse containing all customers transactions and account information, the banks billing platform and the organization requesting for the bank statement.
2. The software application in 1 is integrated with the bank's core banking application or data ware house in order to send requests for the generation of bank statements and account information of customers.
3. The requests contained in the software application in 1 are initiated by the customer via the internet banking application and / or initiated by the banks customer service operative on authorization by the customer.
4. The generated bank statements in 2 are then sent securely to the requesting organization
electronically.
5. The customer is then billed by the billing platform.
6. Finally, the receipt for transaction is made available for printing by the customer via the internet banking platform or by the customer service operative via the software application within the bank.
7. The receipt is then submitted to the requesting organization physically.
8. The requesting organization then uses the details on the receipt to locate and access the
received electronic statement.
PCT/IB2015/051120 2015-02-16 2015-02-16 System and method for secured delivery of electronic bank statements to third parties on behalf of customers WO2016132172A1 (en)

Priority Applications (1)

Application Number Priority Date Filing Date Title
PCT/IB2015/051120 WO2016132172A1 (en) 2015-02-16 2015-02-16 System and method for secured delivery of electronic bank statements to third parties on behalf of customers

Applications Claiming Priority (1)

Application Number Priority Date Filing Date Title
PCT/IB2015/051120 WO2016132172A1 (en) 2015-02-16 2015-02-16 System and method for secured delivery of electronic bank statements to third parties on behalf of customers

Publications (1)

Publication Number Publication Date
WO2016132172A1 true WO2016132172A1 (en) 2016-08-25

Family

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Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/IB2015/051120 WO2016132172A1 (en) 2015-02-16 2015-02-16 System and method for secured delivery of electronic bank statements to third parties on behalf of customers

Country Status (1)

Country Link
WO (1) WO2016132172A1 (en)

Citations (2)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US20070097655A1 (en) * 2005-10-21 2007-05-03 Get Loan Update, Llc Loan status reporting system and method
US20110320329A1 (en) * 2008-07-31 2011-12-29 Arjun Shetty process and system for providing real-time processing service

Patent Citations (2)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US20070097655A1 (en) * 2005-10-21 2007-05-03 Get Loan Update, Llc Loan status reporting system and method
US20110320329A1 (en) * 2008-07-31 2011-12-29 Arjun Shetty process and system for providing real-time processing service

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