Bank of America Corporation
REAL-TIME RESOURCE RECONCILIATION SYSTEM

Abstract:

Embodiments of the present invention provide a system for a real-time reconciliation process. Currently, the confirmation of reconciliation across various entities comes in the form of an end-of-day data packet from a third party network or rail. The invention provides real-time reconciliation processing along a third party network or rail. As such, in real-time the resources are transferred from one user to another across a network, the system reconciles and confirms processing without lag from network processing. The system tracks the resources across the network and confirms a transmission, confirming that resources have been exchanged. Thereby providing an end-of-minute confirmation to both parties and instant back end reconciliation. As such, the invention provides a two-phase commit for both sides to commit and confirm via back end processing.