US Patent Issued to The Clearing House Payments on June 2 for "Real-time payment system, method, apparatus, and computer program" (New York, Georgia Inventors)

ALEXANDRIA, Va., June 2 -- United States Patent no. 12,646,038, issued on June 2, was assigned to The Clearing House Payments Co. LLC (New York).

"Real-time payment system, method, apparatus, and computer program" was invented by Stephen Ledford (Alpharetta, Ga.) and Irfan Ahmad (New York).

According to the abstract* released by the U.S. Patent & Trademark Office: "Tracking account positions in a real-time payments system is provided. Each of a plurality of participants is linked to a funding agent account via an ACH network, thereby creating a plurality of linked participants. Each of the plurality of linked participants is provided access to a current prefunded position of the funding agent through the ACH network. An unsettled financia...