Electronic check exchange, clearing and settlement system

摘要: An electronic financial transaction clearing and settlement system handles processes transactions on behalf of a set regional banks correspondent banks. In particular, each bank participating in the has server. The server performs forwarding services serviced by that bank. for transmits receives to from its includes first interface receiving clients, second transferring servers other banks, third associated with Each therewith payor, payor's institution, payee payee's institution. also logic determining, received client, whether satisfies predefined integrity criteria, processing updating at least one account balance payor or institution via interface.