US 12,148,055 B2
Systems and methods for database management of transaction information and payment instruction data
Ashley Cook, Dallas, TX (US)
Assigned to Zoccam Technologies, Inc., Dallas, TX (US)
Filed by ZOCCAM TECHNOLOGIES, INC., Dallas, TX (US)
Filed on Feb. 11, 2021, as Appl. No. 17/174,113.
Application 17/174,113 is a continuation of application No. 15/910,914, filed on Mar. 2, 2018, granted, now 10,922,767.
Application 15/910,914 is a continuation in part of application No. 15/887,790, filed on Feb. 2, 2018, granted, now 10,922,766.
Application 15/887,790 is a continuation in part of application No. 14/703,907, filed on May 5, 2015, granted, now 10,671,982, issued on Jun. 2, 2020.
Claims priority of provisional application 61/991,555, filed on May 11, 2014.
Prior Publication US 2021/0166332 A1, Jun. 3, 2021
This patent is subject to a terminal disclaimer.
Int. Cl. G06Q 50/16 (2024.01); G06Q 20/02 (2012.01); G06Q 20/04 (2012.01); G06Q 20/40 (2012.01); G06Q 30/06 (2023.01); G06Q 30/0601 (2023.01)
CPC G06Q 50/167 (2013.01) [G06Q 20/027 (2013.01); G06Q 20/042 (2013.01); G06Q 20/4014 (2013.01); G06Q 20/403 (2013.01); G06Q 30/06 (2013.01); G06Q 30/0601 (2013.01); G06Q 50/16 (2013.01)] 12 Claims
OG exemplary drawing
 
1. A system for facilitating real estate transactions, the system comprising:
a user device of a transaction initiator, comprising a processor, and related to a real estate transaction configured to:
receive input to execute a payment of money related to the real estate transaction;
capture one or more images of checks related to the real estate transaction;
extract at least some automated clearing house (ACH) transaction data from the one or more images of checks related to the real estate transaction; and
transmit the captured one or more images, the extracted ACH transaction data and input instructions; and
an application server comprising a processor coupled to a database configured to store information associated with a plurality of real estate transactions between transaction initiators and recipients, the information including a transaction identifier, a transaction initiator identifier, a recipient identifier, and depository account information of a depository account for the transaction initiator maintained with a first financial institution, wherein the application server includes back-end interfaces to the first financial institution and a second financial institution, and wherein the application server is further configured to:
receive the input instructions and the extracted ACH transaction data from the user device of the transaction initiator to execute the payment;
generate and transmit ACH transaction data based on the received input instructions and the extracted ACH transaction data, the ACH transaction data comprising the transaction identifier, the depository account information, and the recipient identifier associated with a recipient;
transmit the ACH transaction data to a third party application server storing the recipient identifier and escrow account information related to an escrow account for the recipient maintained with the second financial institution, wherein the third party application server is configured to execute an ACH transaction based on receiving the ACH transaction data to cause the first financial institution to directly transfer funds for the payment of money related to the real estate transaction to the second financial institution to cause a deposit of the funds into the escrow account, wherein the funds for the payment of money related to the real estate transaction are directly linked to and backed by funds in the depository account at the first financial institution;
generate a data file, store the data file on the database, and generate a notification of the data file, the data file being representative of the ACH transaction data;
forward the ACH transaction data to the first financial institution via the back-end interfaces;
automatically, in response to forwarding the ACH transaction data, transmit the notification of the data file to the recipient based on the recipient identifier; and
generate and transmit another notification to the user device in response to depositing the funds for payment of money related to the real estate transaction into to the escrow account.