Reconciliation for enabling accelerated access to contribution funded accounts

Abstract

Disclosed herein are system, method, and computer program product embodiments for reconciliation needed to enable access to accelerated contribution funded accounts (CFAs). An embodiment operates by configuring a management database to store a linked CFA associated with a CFA and a CFA on demand (CFAOD). A contribution processing system of a provider may receive a contributions file from an employer. The contribution processing system may delay contribution reconciliation of the linked CFA until a contribution amount is received. During contribution reconciliation, the contribution processing system may resolve the CFAOD using the received contribution amount such that the amount borrowed is minimized before funding the CFA with a remaining contribution amount. Upon resolution of the CFAOD, the contribution processing system may concurrently send information to a bank server and a card server to reconcile the respective bank and card accounts with the linked CFA at the provider.

1 .- 20 . (canceled) 
     
     
         21 . A computer-implemented method comprising:
 receiving, by one or more processors and from a card accounts system, a claims request comprising a claim amount, a service type, and a multi-purse (“MP”) indicator;   selecting, by the one or more processors and using the MP indicator, an MP table corresponding to a user associated with the claims request, wherein:
 (i) the MP table is stored in (a) a management database and (b) the card accounts system, 
 (ii) the MP table specifies (a) one or more priorities and (b) one or more qualified service types for each of one or more sub-accounts for the user, 
   identifying, by the one or more processors and using the MP table, an ordered set of sub-accounts for the claims request, wherein the ordered set of sub-accounts is based at least in part on (a) a comparison between the service type and the one or more qualified service types for each of one or more sub-accounts for the user and (b) the one or more priorities for each of one or more sub-accounts for the user;   responsive to the claim amount exceeding a contribution funded account (CFA) balance, initiating, by the one or more processors in accordance with the ordered set of sub-accounts, a transfer of funds from a contribution funded account on demand (CFAOD) to a CFA by:
 (i) deducting a portion of the CFAOD balance, 
 (ii) adding the portion of the CFAOD balance to the CFA, and 
 (iii) adding the portion of the CFAOD balance to an amount borrowed; and 
   concurrently with one or more bank transactions, providing, by the one or more processors, one or more update transactions to the card accounts system to reconcile a card CFA and a card CFAOD with the CFA and the CFAOD.   
     
     
         22 . The computer-implemented method of  claim 21 , further comprising:
 initiating, in accordance with the ordered set of sub-accounts, one or more bank transactions to a bank processor to service the claims request and reconcile a bank CFA with the CFA.   
     
     
         23 . The computer-implemented method of  claim 21 , wherein the one or more sub-accounts for the user comprise a plurality of CFA and a plurality of CFAOD and identifying the ordered set of sub-accounts comprises identifying the CFA from the plurality of CFA and the CFAOD from the plurality of CFAOD based on the service type. 
     
     
         24 . The computer-implemented method of  claim 21 , wherein the user is associated with a plurality of MP indicators and the MP indicator is based on one or more statuses of the one or more sub-accounts for the user. 
     
     
         25 . The computer-implemented method of  claim 21 , wherein the one or more statuses identify whether one or more of the one or more sub-accounts comprise invested funds and the MP indicator is used to select the MP table comprising the ordered set of enabled accounts that excludes a respective card CFAOD linked to the invested funds. 
     
     
         26 . The computer-implemented method of  claim 21 , wherein the MP table identifies the CFA from a CFA table and the CFAOD from a CFAOD table. 
     
     
         27 . The computer-implemented method of  claim 26 , wherein the CFA table is stored in (a) the management database and (b) the card accounts system. 
     
     
         28 . The computer-implemented method of  claim 26 , wherein the CFAOD table is stored in (a) the management database and (b) the card accounts system. 
     
     
         29 . A computing system comprising memory and one or more processors communicatively coupled to the memory, the one or more processors configured to:
 receive, from a card accounts system, a claims request comprising a claim amount, a service type, and a multi-purse (“MP”) indicator;   select, using the MP indicator, an MP table corresponding to a user associated with the claims request, wherein:
 (i) the MP table is stored in (a) a management database and (b) the card accounts system, 
 (ii) the MP table specifies (a) one or more priorities and (b) one or more qualified service types for each of one or more sub-accounts for the user, 
   identify, using the MP table, an ordered set of sub-accounts for the claims request, wherein the ordered set of sub-accounts is based at least in part on (a) a comparison between the service type and the one or more qualified service types for each of one or more sub-accounts for the user and (b) the one or more priorities for each of one or more sub-accounts for the user;   responsive to the claim amount exceeding a contribution funded account (CFA) balance, initiate, in accordance with the ordered set of sub-accounts, a transfer of funds from a contribution funded account on demand (CFAOD) to a CFA by:
 (i) deducting a portion of the CFAOD balance, 
 (ii) adding the portion of the CFAOD balance to the CFA, and 
 (iii) adding the portion of the CFAOD balance to the amount borrowed; and 
   concurrently with one or more bank transactions, provide one or more update transactions to the card accounts system to reconcile a card CFA and a card CFAOD with the CFA and the CFAOD.   
     
     
         30 . The computing system of  claim 29 , wherein the one or more processors are further configured to:
 initiate, in accordance with the ordered set of sub-accounts, one or more bank transactions to a bank processor to service the claims request and reconcile a bank CFA with the CFA.   
     
     
         31 . The computing system of  claim 29 , wherein the one or more sub-accounts for the user comprise a plurality of CFA and a plurality of CFAOD and identifying the ordered set of sub-accounts comprises identifying the CFA from the plurality of CFA and the CFAOD from the plurality of CFAOD based on the service type. 
     
     
         32 . The computing system of  claim 29 , wherein the user is associated with a plurality of MP indicators and the MP indicator is based on one or more statuses of the one or more sub-accounts for the user. 
     
     
         33 . The computing system of  claim 29 , wherein the one or more statuses identify whether one or more of the one or more sub-accounts comprise invested funds and the MP indicator is used to select the MP table comprising the ordered set of enabled accounts that excludes a respective card CFAOD linked to the invested funds. 
     
     
         34 . The computing system of  claim 29 , wherein the MP table identifies the CFA from a CFA table and the CFAOD from a CFAOD table. 
     
     
         35 . The computing system of  claim 34 , wherein the CFA table is stored in (a) the management database and (b) the card accounts system. 
     
     
         36 . The computing system of  claim 34 , wherein the CFAOD table is stored in (a) the management database and (b) the card accounts system. 
     
     
         37 . One or more non-transitory computer-readable storage media including instructions that, when executed by one or more processors, cause the one or more processors to:
 receive, from a card accounts system, a claims request comprising a claim amount, a service type, and a multi-purse (“MP”) indicator;   select, using the MP indicator, an MP table corresponding to a user associated with the claims request, wherein:
 (i) the MP table is stored in (a) a management database and (b) the card accounts system, 
 (ii) the MP table specifies (a) one or more priorities and (b) one or more qualified service types for each of one or more sub-accounts for the user, 
   identify, using the MP table, an ordered set of sub-accounts for the claims request, wherein the ordered set of sub-accounts is based at least in part on (a) a comparison between the service type and the one or more qualified service types for each of one or more sub-accounts for the user and (b) the one or more priorities for each of one or more sub-accounts for the user;   responsive to the claim amount exceeding a contribution funded account (CFA) balance, initiate, in accordance with the ordered set of sub-accounts, a transfer of funds from a contribution funded account on demand (CFAOD) to a CFA by:
 (i) deducting a portion of the CFAOD balance, 
 (ii) adding the portion of the CFAOD balance to the CFA, and 
 (iii) adding the portion of the CFAOD balance to the amount borrowed; and 
   concurrently with one or more bank transactions, provide one or more update transactions to the card accounts system to reconcile a card CFA and a card CFAOD with the CFA and the CFAOD.   
     
     
         38 . The one or more non-transitory computer-readable storage media of  claim 29 , wherein the user is associated with a plurality of MP indicators and the MP indicator is based on one or more statuses of the one or more sub-accounts for the user. 
     
     
         39 . The one or more non-transitory computer-readable storage media of  claim 29 , wherein the one or more statuses identify whether one or more of the one or more sub-accounts comprise invested funds and the MP indicator is used to select the MP table comprising the ordered set of enabled accounts that excludes a respective card CFAOD linked to the invested funds. 
     
     
         40 . The one or more non-transitory computer-readable storage media of  claim 29 , wherein the one or more statuses identify whether one or more of the one or more sub-accounts comprise invested funds and the MP indicator is used to select the MP table comprising the ordered set of enabled accounts that excludes a respective card CFAOD linked to the invested funds.