Patrick F Szewczyk

US Patent:

20080313076, Dec 18, 2008

Filed:

Jun 13, 2007

Appl. No.:

11/762484

Inventors:

Patrick F. Szewczyk - Huntersville NC, US
Carissa Mosteller Burns - Belmont NC, US
Alicia Carmen Tiracave - Charlotte NC, US
Michael J. McCallion - Saluda NC, US
Jeremy Keith Thomason - Gastonia NC, US

Assignee:

WACHOVIA CORPORATION - Charlotte NC

International Classification:

G06Q 40/00

US Classification:

705 39, 705 35

Abstract:

Systems and methods that enable real-time (or almost real-time) foreign exchange (FX) pricing via retail branch networks, wire room operations and cash management platforms are provided. Essentially, the systems and methods decouple the FX-infrastructure and enable downstream banks to effectively and efficiently access FX transaction services and infrastructure without the need to locally manage such an FX platform. In doing so, an FX generation component is employed in connection with standard downstream mechanisms to provide necessary information to a partner FX processing component. The partner FX processing component conveys information to the downstream environment while shielding the downstream entity from risks and costs involved in FX operations.