CROSS BORDER IMAGE EXCHANGE

摘要

In some embodiments, one or more processors receive a financial instrument via an interface. The financial instrument indicates attributes of a financial transaction. The processors determine, based on one or more of the attributes, whether the financial transaction involves a cross border exchange. If the financial transaction involves a cross border exchange, the processors flag the financial instrument accordingly, perform a currency conversion, and communicate an electronic image associated with the financial instrument to computing resources configured to complete the financial transaction electronically without having to transport a paper copy of the financial instrument between financial institutions.

主权项

1. A system, comprising:
an interface operable to:
receive a financial instrument that indicates attributes of a financial transaction, the attributes comprising one or more of: a monetary amount, a transaction currency type, a drawee financial account from which funds are to be withdrawn, a drawee financial institution that maintains the drawee financial account, a payee financial account to which funds are to be deposited, and a payee financial institution that maintains the payee financial account; one or more processors communicatively coupled to the interface and operable to:
determine, based on one or more of the attributes of the financial instrument, whether the financial transaction involves a cross border exchange from a first jurisdiction to a second jurisdiction, the second jurisdiction different than the first jurisdiction; andapply a cross border process in response to determining that the financial transaction involves the cross border exchange, wherein to apply the cross border process, the one or more processors are further operable to:
configure a flag to indicate that the cross border process applies to the financial instrument;perform a currency conversion based on a current exchange rate between the first jurisdiction and the second jurisdiction, the currency conversion performed at the front end of financial instrument processing; andcommunicate an electronic image associated with the financial instrument to computing resources configured to complete the financial transaction electronically and independently of transporting a paper copy of the financial instrument between the payee financial institution and the drawee financial institution.