Sub-accounting for an omnibus account
Methods and apparatus, including computer program products, for sub-accounting for an omnibus account. A method includes, in a server, tracking summary balances of transactions for individual sub-accounts contained in an omnibus account according to transition type and transaction status.
1 . A computer-implemented method comprising:
in a server, tracking summary balances of transactions for individual sub-accounts contained in an omnibus account according to transition type and transaction status.
2 . The computer-implemented method of claim 1 wherein the transaction type is selected from the group consisting of consumer deposits to a healthcare-oriented banking account, employer deposits to a healthcare-oriented banking account, account reimbursements, bill payments, money transfers, investment trades, divestment trades, add additional account, profile updates and account closure and account liquidation.
3 . The computer-implemented method of claim 1 wherein the transaction status is selected from the group consisting of submitted transaction status, pending transaction status, processing transaction status, completed transaction status, failed transaction status and scheduled transaction status.
4 . The computer-implemented method of claim 1 wherein the transaction type and the transaction status follow a set of business rules for how each transaction moves its way linearly through a life cycle.
5 . The computer-implemented method of claim 4 wherein the set of business rules is selected from the group consisting of day of the week the transaction was submitted, day of the month the transaction was submitted, time of day the transaction was submitted, an individual submitting the transaction, type of transaction, contact channel the transaction was initiated from, length an account has been opened, current balance in an account and total value of all pending transactions against an account.
6 . The computer-implemented method of claim 1 wherein each of the individual sub-accounts is assigned a unique sub-accounting number.
7 . The computer-implemented method of claim 6 wherein the unique sub-accounting number comprises:
a sub-accounting identification;
an employer identification number;
a geographical identification number;
a payer identification number; and
a check number.
8 . The computer-implemented method of claim 1 wherein tracking comprises:
a fee income account used to collect all fees associated with any transaction type in real-time;
an operating account used to hold all funds that are pending or waiting to be processed for an outbound bill payment or reimbursement; and
an audit account containing a shadow or net balance of all logical transactions from the individual sub-accounts each day.
9 . A system comprising:
in a network, a server comprising:
a processor;
a memory including a sub-accounting process for tracking summary balances of transactions for individual sub-accounts contained in an omnibus account according to transition type and transaction status; and
a storage device.
10 . The system of claim 9 wherein the transaction type is selected from the group consisting of consumer deposits to a healthcare-oriented banking account, employer deposits to a healthcare-oriented banking account, account reimbursements, bill payments, money transfers, investment trades, divestment trades, add additional account, profile updates and account closure and account liquidation.
11 . The system of claim 9 wherein the transaction status is selected from the group consisting of submitted transaction status, pending transaction status, processing transaction status, completed transaction status, failed transaction status and scheduled transaction status.
12 . The system of claim 9 wherein the transaction type and the transaction status follow a set of business rules for how each transaction moves its way linearly through a life cycle.
13 . The computer-implemented method of claim 12 wherein the set of business rules is selected from the group consisting of day of the week the transaction was submitted, day of the month the transaction was submitted, time of day the transaction was submitted, an individual submitting the transaction, type of transaction, contact channel the transaction was initiated from, length an account has been opened, current balance in an account and total value of all pending transactions against an account.
14 . The system of claim 9 wherein each of the individual sub-accounts is assigned a unique sub-accounting number.
15 . The system of claim 14 wherein the unique sub-accounting number comprises:
a sub-accounting identification;
an employer identification number;
a geographical identification number;
a payer identification number; and
a check number.
16 . The system of claim 9 wherein tracking comprises:
a fee income account used to collect all fees associated with any transaction type in real-time;
an operating account used to hold all funds that are pending or waiting to be processed for an outbound bill payment or reimbursement; and
an audit account containing a shadow or net balance of all logical transactions from the individual sub-accounts each day.
17 . A computer program product, tangibly embodied in an information carrier, for sub-accounting in an omnibus account, the computer program product being operable to cause data processing apparatus to:
in a server, track summary balances of transactions for individual sub-accounts contained in an omnibus account according to transition type and transaction status.
18 . The computer program product of claim 17 wherein the transaction type is selected from the group consisting of consumer deposits to a healthcare-oriented banking account, employer deposits to a healthcare-oriented banking account, account reimbursements, bill payments, money transfers, investment trades, divestment trades, add additional account, profile updates and account closure and account liquidation.
19 . The computer program product of claim 17 wherein the transaction status is selected from the group consisting of submitted transaction status, pending transaction status, processing transaction status, completed transaction status, failed transaction status and scheduled transaction status.
20 . The computer-implemented method of claim 17 wherein the transaction type and the transaction status follow a set of business rules for how each transaction moves its way linearly through a life cycle.
21 . The computer-implemented method of claim 20 wherein the set of business rules is selected from the group consisting of day of the week the transaction was submitted, day of the month the transaction was submitted, time of day the transaction was submitted, an individual submitting the transaction, type of transaction, contact channel the transaction was initiated from, length an account has been opened, current balance in an account and total value of all pending transactions against an account.
22 . The computer program product of claim 17 wherein each of the individual sub-accounts is assigned a unique sub-accounting number.
23 . The computer program product of claim 22 wherein the unique sub-accounting number comprises:
a sub-accounting identification;
an employer identification number;
a geographical identification number;
a payer identification number; and
a check number.
24 . The computer program product of claim 17 wherein tracking comprises:
a fee income account used to collect all fees associated with any transaction type in real-time;
an operating account used to hold all funds that are pending or waiting to be processed for an outbound bill payment or reimbursement; and
an audit account containing a shadow or net balance of all logical transactions from the individual sub-accounts each day.