With Paper Check Handling Patents (Class 705/45)
  • Patent number: 8573478
    Abstract: A system and related methods of correcting errors during check or financial document processing by a bank of first deposit or other entity receiving a paper check or financial document, or by a second bank on whose accounts the checks were written. These corrections can be performed by the computer system of the bank of first deposit, the computer system of the second bank, or both. MICR or other data may be sent in electronic format from the bank of first deposit or other entity without qualification.
    Type: Grant
    Filed: July 19, 2010
    Date of Patent: November 5, 2013
    Inventors: Joseph L. Richardson, Joseph M. Rowell
  • Patent number: 8577805
    Abstract: Mechanisms for virtual banking are disclosed herein that provide experiences to users as if they were actually interacting with a branch office bank. For instance, virtual lockboxes are provided to users, and users can fill these lockboxes with the type of digital data that would traditionally be placed in a branch office bank lockbox. Birth certificates, social security numbers, wills, etc., can be uploaded from a user's remote computing device to a server associated with a bank. In another aspect, currency cards are disclosed that mimic cash withdrawal (or deposit) transactions users might engage in at typical branch offices. For example, users can download money from a bank server onto a currency card located at some remote location (or, alternatively, upload money from the card to the server, which would amount to a deposit being made to the bank).
    Type: Grant
    Filed: July 23, 2007
    Date of Patent: November 5, 2013
    Assignee: United Services Automobile Association (USAA)
    Inventors: Charles Lee Oakes, III, Rickey Dale Burks, Randy Ray Morlen
  • Patent number: 8573484
    Abstract: An automated banking machine operates to cause financial transfers responsive to data read from data bearing records in the form of user cards. The machine includes a printer for printing paper records of transactions conducted at the machine. The printer receives paper from a shared paper path. The shared paper path can be supplied by a first paper supply and a second paper supply. A controller is operative to switch between the paper supplies in providing paper to the printer. Based on signals received from paper sensors in the machine, the controller can determine whether the first paper supply has reached a predetermined low level. In response to a low level determination, the controller acts to cause a paper drive to begin moving paper from the second paper supply to the shared paper path and then to the printer.
    Type: Grant
    Filed: April 22, 2013
    Date of Patent: November 5, 2013
    Assignee: Diebold Self-Service Systems division of Diebold, Incorporated
    Inventors: Sathish M Irudayam, Marcelo Castro, John E. Williams
  • Patent number: 8567670
    Abstract: A system and method for providing card verification values for card-not-present transactions is described. In one example, a user's computing device stores single-use CVVs to be provided from a secure wallet. The secure wallet may be software running on the user's computing device. Alternatively, it may be an external device connectable to the user's computing device, which accesses the external device to obtain the single-use CVV.
    Type: Grant
    Filed: March 26, 2010
    Date of Patent: October 29, 2013
    Assignee: Intersections Inc.
    Inventors: Michael Stanfield, George Tsantes, Joseph Vacca
  • Patent number: 8567668
    Abstract: A method for performing transactions comprises receiving registration in formation and money transfer transaction specifications, generating a distribution profile based on the registration information, and storing the money transfer transaction specifications in the distribution profile. The distribution profile is identified based on an initiation instruction and associated user authentication data, and one of the money transfer transaction specifications in the distribution profile is identified based on the initiation instruction. Payment source status is verified according to the identified money transfer transaction specification, and a staged send transaction is initiated, based on the payment source status at the time the send transaction is initiated.
    Type: Grant
    Filed: February 19, 2013
    Date of Patent: October 29, 2013
    Assignee: Moneygram International, Inc.
    Inventor: James M. Henry
  • Patent number: 8566209
    Abstract: A margin requirement is computed while trading. The margin requirement may be calculated while trading because the preferred system takes into account working orders to generate the margin requirement. The on the fly possibility allows the preferred system to provide pre-trade risk calculations, but can also be used to provide post-trade calculations. A generic spread number and the maximum number of outright positions are determined. Using the spread positions and the maximum number of outright positions, a spread margin and an outright margin are calculated, which when summed provide a total margin requirement. Limits based in part on the total margin requirement may be imposed on one or more traders.
    Type: Grant
    Filed: January 14, 2013
    Date of Patent: October 22, 2013
    Assignee: Trading Technologies International, Inc
    Inventors: Henrik Kraus, Farley Owens, Jens-Uwe Schluetter
  • Patent number: 8554651
    Abstract: A method in a telecommunications system, in which there are at least three parties involved in the system's exploitation, namely at least one service provider capable of providing services for at least one user, and at least one operator responsible for the operation of the telecommunications system, wherein payable services delivered to an authorized and authenticated user are identified, and in which system each service transaction as well as the user are identified. The definition of the transaction flow is done on the basis of at least one predefined transaction rule and the parties involved are allowed to dynamically alter the function of at least one of the rules and/or the execution order of multiple rules for creating a flexible transaction flow.
    Type: Grant
    Filed: December 2, 2002
    Date of Patent: October 8, 2013
    Assignee: Comptel Corporation
    Inventors: Tuija Rinne, Matti Salonen
  • Patent number: 8554679
    Abstract: Methods, systems, and apparatus, including computer programs encoded on a computer storage medium, for presenting offers and processing payment transactions. A method includes receiving current location information from a mobile device associated with the user; providing a list of merchants that are in an immediate proximity to the user and receiving a selection of one of the merchants. The method further includes providing to the user for presentation on the mobile device a charge authorization form for the merchant; providing to the user a final authorization form that includes an area for a password that is associated with an account of the user; authorizing the transaction based at least in part on the receipt of the password; and providing a code for presentation on the user device to enable the user to complete the transaction with the merchant.
    Type: Grant
    Filed: February 4, 2013
    Date of Patent: October 8, 2013
    Assignee: DailyDonor, Inc.
    Inventor: Taylor Gundy
  • Patent number: 8548915
    Abstract: A method for providing a response to a statement of a user, the method includes: receiving user input that comprises a portion of a user statement; selecting, before receiving a whole user statement, an answerable statement response between an answerable statement, multiple answerable statements and a response to an answerable statement; wherein the selecting is responsive to user input and to structured representations of answerable statements answerable by an answering entity; and sending to the user information representative of response to the user statement.
    Type: Grant
    Filed: February 19, 2013
    Date of Patent: October 1, 2013
    Assignee: Support Machines Ltd.
    Inventors: Amit Antebi, Hanoch Rahimi
  • Patent number: 8543509
    Abstract: Methods, systems, and apparatus, including computer programs encoded on a computer storage medium, for presenting offers and processing payment transactions. A method includes receiving current location information from a mobile device associated with the user; providing a list of merchants that are in an immediate proximity to the user and receiving a selection of one of the merchants. The method further includes providing to the user for presentation on the mobile device a charge authorization form for the merchant; providing to the user a final authorization form that includes an area for a password that is associated with an account of the user; authorizing the transaction based at least in part on the receipt of the password; and providing a code for presentation on the user device to enable the user to complete the transaction with the merchant.
    Type: Grant
    Filed: February 5, 2013
    Date of Patent: September 24, 2013
    Assignee: DailyDonor, Inc.
    Inventor: Taylor Gundy
  • Patent number: 8538882
    Abstract: Transactions involving the financial account at a plurality of automatic teller machines are monitored. Responsive to identifying a transaction by a user at an automatic teller machine within the plurality of automatic teller machines, an image of the user is captured. The image of the user is associated with the transaction to form an alert for use in identifying patterns of use for the financial account.
    Type: Grant
    Filed: May 18, 2009
    Date of Patent: September 17, 2013
    Assignee: EBay Inc.
    Inventors: Rabindranath Dutta, Dwip N. Banerjee
  • Patent number: 8532419
    Abstract: A method of automatically capturing images with precision uses an intelligent mobile device having a camera loaded with an appropriate image capture application. When a user initializes the application, the camera starts taking images of the object. Each image is qualified to determine whether it is in focus and entirely within the field of view of the camera. Two or more qualified images are captured and stored for subsequent processing. The qualified images are aligned with each other by an appropriate perspective transformation so they each fill a common frame. Averaging of the aligned images reduces noise and a sharpening filter enhances edges, which produces a sharper image. The processed image is then converted into a two-level, black and white image which may be presented to the user for approval prior to submission via wireless or WiFi to a remote location.
    Type: Grant
    Filed: January 12, 2011
    Date of Patent: September 10, 2013
    Assignee: iParse, LLC
    Inventor: Mike Reddick Coleman
  • Patent number: 8526751
    Abstract: A system and method for managing image storage size. The invention uses reduction criteria to determine how much to reduce the storage size of an image over time. In one embodiment, reduction of data storage size includes degrading the quality of the image. The reduced-size image replaces the image from the previous iteration. The smaller storage allows longer access to the information in quick access storage and quicker transmission time.
    Type: Grant
    Filed: August 24, 2001
    Date of Patent: September 3, 2013
    Assignee: International Business Machines Corporation
    Inventors: Joan LaVerne Mitchell, Ravi Prakash
  • Patent number: 8527412
    Abstract: A method, system, computer program product, or a combination of the foregoing and apparatus for an end-to-end Business Activity Monitoring (BAM) solution for an image send process. Specifically, monitoring metrics related to an image send process for cash letters or other negotiable items from the time that the items are received by the receiving financial institution until the time that the image cash letter is sent to the send partners and ultimately, the paying financial institution. An end-to-end monitoring solution provides real time insight into the health of a process, allowing the financial institution to address issues in advance of customer impact, both within and outside of the financial institution, and facilitate the identification of ongoing improvement opportunities as the process continues to grow and adapt.
    Type: Grant
    Filed: August 28, 2008
    Date of Patent: September 3, 2013
    Assignee: Bank of America Corporation
    Inventors: Willard H. Waldron, III, Geoffrey R. Williams
  • Patent number: 8527404
    Abstract: Tools for adjusting a debit transaction, which can allow a payee to adjust the amount of the transaction without having to provide cash back to the payor. Instead, the refund amount may be applied as a credit against the debit transaction. In an aspect, the credit may be for any amount up to the original amount of the check (less any credit already applied). Optionally, one or more security and/or anti-fraud measures may be implemented, e.g., ensuring that the check is not subject to a collection proceeding and/or ensuring that the requested credit is not more than the amount of the check itself).
    Type: Grant
    Filed: February 1, 2008
    Date of Patent: September 3, 2013
    Assignee: First Data Corporation
    Inventors: Kerry A. Sellen, Christopher A. Schmid
  • Patent number: 8527419
    Abstract: A method and apparatus for monitoring through completion the automated processes performed by a bank in validating Image Cash Letters for purposes of check clearing under the provisions of the Check21 Act.
    Type: Grant
    Filed: June 27, 2008
    Date of Patent: September 3, 2013
    Assignee: Bank of America Corporation
    Inventors: Lowell R. Huff, Geoffrey R. Williams
  • Patent number: 8515873
    Abstract: A system and method of processing paper checks that divides into two independent paths the processing of a data file representing a check and the digital image of the check. The data files and image files are separated both in time and in space. The digital image files are deposited as an image or substitute check if deemed ACH ineligible through image exchange. WIC checks are handled through image exchange. Vendor identifiers required for WIC processing are added to the check after scanning. The system identifies the state of the check and the particular store accepting the check in order to determine where to place the overlay and which vendor identifier to use.
    Type: Grant
    Filed: April 20, 2011
    Date of Patent: August 20, 2013
    Assignee: Solutran
    Inventor: Kari B. Hawkins
  • Patent number: 8510155
    Abstract: The invention of the wireless electronic vehicle window display system employs the latest technology in electronic paper and low power consumption wireless networking devices. One contemplated embodiment of the present invention consists of three main components: A vehicle information portal, an electronic vehicle window display system subscriber, and the electronic paper. The invention is intended to provide an effective method of displaying pricing, vehicle specifications, promotions, and warranties on vehicles at the dealer's lot. The invention removes the time-consuming and costly tasks of updating information on the current paper-based window sticker.
    Type: Grant
    Filed: May 30, 2008
    Date of Patent: August 13, 2013
    Assignee: CDMData, LLC
    Inventors: Tony Hoang, Scott Lucas
  • Patent number: 8510224
    Abstract: A plurality of banks of first deposit provide checking account activity data for both transit items (checks received for deposit that need to be cleared) and incoming returns (bounced checks) to a statistical model which determines from the data the likelihood that a check from a specific checking account will be returned. This data is used to populate a database of checking accounts to be used for making check risk decisions, such as check hold policy decisions, check acceptance decisions, and open to buy decisions.
    Type: Grant
    Filed: May 23, 2008
    Date of Patent: August 13, 2013
    Assignee: Early Warning Services, LLC
    Inventors: Laura E. Weinflash, Larry W. Spooner
  • Patent number: 8504450
    Abstract: A method and a system for mobile remittance and/or payment are provided. Example embodiments may include receiving a request, at a financial entity and from a first party, to remit an amount from an account, associated with the first party to a mobile account associated with a phone number of a second party; notifying the second party of the amount to be remitted and an identity of the first party; receiving a personal identification component from the second party; accessing the mobile account based on the personal identification component; and depositing the amount into the mobile account. A request may be received from the second party to transfer a portion of the amount to a third party.
    Type: Grant
    Filed: August 31, 2007
    Date of Patent: August 6, 2013
    Assignee: eBay Inc.
    Inventor: Vishwanath Shastry
  • Patent number: 8504448
    Abstract: Methods, systems, apparatuses and/or computer program products are directed to outgoing returns processing. The outgoing returns processing includes receiving outgoing returns data files, where the outgoing returns data files may be of a plurality of different file formats and received from a plurality of different channels. The outgoing returns processing further includes converting the outgoing returns data files to a platform file format and retrieving image files based on the outgoing returns data files. The outgoing returns are then settled.
    Type: Grant
    Filed: October 26, 2009
    Date of Patent: August 6, 2013
    Assignee: Bank of America Corporation
    Inventors: L. Edward Shaw, Patricia Anne Sullivan Fleming, Martin T. Mulligan, Marcus Eugene McGinnis, Karl R. Johnson, Thomas D. Thibault
  • Patent number: 8504455
    Abstract: Enhanced systems, processes, tools, techniques and strategies are provided for executing corporate entity changes between or among institutions, particularly with respect to minimizing the negative effects of the corporate change on customers of the institutions. In various embodiments, a method is provided for determining a wave assignment for a customer in connection with multiple waves of the corporate change. The method may include establishing a baseline wave assignment for customers of the acquired institution based on customer account data; determining lines of business associated with the customer account data; and, applying wave assignments to the customer account data in response to the baseline wave assignments and the lines of business, among other potential factors.
    Type: Grant
    Filed: September 1, 2010
    Date of Patent: August 6, 2013
    Assignee: The PNC Financial Services Group, Inc.
    Inventors: Joseph J. Balestreire, Matt Bruhn, John DeMarchis, Anthony McIntyre, John Wilkinson
  • Patent number: 8494963
    Abstract: A system for remote data acquisition and centralized processing and storage provides comprehensive support for processing documents and electronic data associated with different applications including sales, business, banking and general consumer transactions. The system retrieves transaction data such as credit card receipts or checks in either electronic or paper form at one or more remote locations, encrypts the data, transmits the encrypted data to a central location, transforms the data to a usable form, performs identification verification using signature data and biometric data, generates informative reports from the data and transmits the informative reports to the remote location(s), providing high performance, security, reliability, fault tolerance and low cost.
    Type: Grant
    Filed: September 19, 2011
    Date of Patent: July 23, 2013
    Assignee: Data Treasury Corporation
    Inventor: Claudio R. Ballard
  • Patent number: 8490863
    Abstract: A financial report and method for processing and displaying relevant financial information in connection therewith include at least one transaction and abbreviated record relating to the transaction which contains only nonpersonally identifying information. The abbreviated electronic record can be one of a partial view image or an assemblage of textual information relating to the transaction. A hyperlink can also be included or substituted for the image or text. The invention also provides a method of selecting the portion of the abbreviated record that is displayed for the user which includes the division of an underlying document or image into relevant and irrelevant regions for selective inclusion in the report.
    Type: Grant
    Filed: October 17, 2005
    Date of Patent: July 23, 2013
    Assignee: Dollar Bank, Federal Savings Bank
    Inventors: David S. Spier, Ernest G. Rabatin, Anthony R. Casale
  • Patent number: 8494927
    Abstract: A method for providing payroll processing software as a service to payroll providers such as payroll vendors and end users. The software developer contracts with the payroll provider to provision, administer and support the payroll processing software thereby allowing the payroll provider to concentrate on its core business of payroll processing.
    Type: Grant
    Filed: July 20, 2007
    Date of Patent: July 23, 2013
    Inventor: Alden J. Blowers
  • Patent number: 8489483
    Abstract: A method performed by a transfer instrument issuer involves issuing, to a recipient, a certificate which is linked to a national card account obtained by the transfer instrument issuer from an account issuer different from the transfer instrument issuer, without both issuing and providing a physical card for the national card account to the recipient of the certificate, the certificate having been purchased by a purchaser, who is not also the recipient, and containing all information necessary for the purchase of goods or services from any merchant who is capable of processing economic transactions involving one of the plurality national card accounts for which a physical card has issued, but without presentment of the physical card.
    Type: Grant
    Filed: January 24, 2013
    Date of Patent: July 16, 2013
    Assignee: Citibank, N.A.
    Inventors: Matthew J. Gillin, Roger Korfmann, Paul L. Raden
  • Patent number: 8489478
    Abstract: In some embodiments, a process for performing transaction tasks using a virtual terminal comprises: presenting functions to a user, receiving a selected function, and performing the selected function. The presented functions may comprise: (a) activating at least one card; (b) deactivating a card; (c) generating a PIN; (d) inserting value; (e) generating an End of Day report; and (f) managing users.
    Type: Grant
    Filed: April 7, 2010
    Date of Patent: July 16, 2013
    Assignee: e2interactive, Inc.
    Inventor: Michael Parlotto
  • Patent number: 8484131
    Abstract: A method for processing a financial transaction such as an electronic bill payment is provided. The method includes receiving an electronic bill payment wherein the bill payment is submitted on behalf of a consumer in response to a bill associated with a biller, determining using a computer system that the received electronic bill payment is an exception payment wherein the exception payment includes the electronic bill payment submitted by the consumer having consumer entered information not matching a criterion for accepting electronic payment required by the biller, creating an exception addenda record for the exception payment using data stored within a database wherein the addenda record identifies the consumer submitting the exception payment, and posting the exception payment to an appropriate consumer account for the biller based on the addenda record.
    Type: Grant
    Filed: August 19, 2011
    Date of Patent: July 9, 2013
    Assignee: MasterCard International Incorporated
    Inventors: Mary L. Kelly, Terry Altman
  • Patent number: 8469263
    Abstract: Check processing involves scanning a back of a check having no authorization data printed thereon and also scanning a front of the check having preprinted magnetic ink characters, electronically generating authorization data indicating that the check is valid based on a response from an external analysis source, generating an electronic merged image by electronically combining back image data captured during the scanning of the back of the check with generated authorization data, and storing the electronic merged image with the front image data captured during the scanning of the front of the check. Moreover, these operations may be performed in a single pass of the check in one direction through a transportation path of a check processing apparatus. No printing of any data is required. The check processing can be embodied in a method, apparatus, or instructions embodied on a machine-readable medium.
    Type: Grant
    Filed: July 1, 2011
    Date of Patent: June 25, 2013
    Assignee: Seiko Epson Corporation
    Inventor: Sadao Murata
  • Patent number: 8473412
    Abstract: Embodiments of the present invention relate to methods and apparatuses for processing an image that shows multiple deposit items, where the image was captured by a remote capture device. For example, some embodiments provide a method that includes: (a) receiving an image that shows multiple deposit items, where the image was captured by a remote capture device; (b) identifying, based at least partially on the image, deposit item information associated with the multiple deposit items; and/or (c) crediting an account based at least partially on the deposit item information.
    Type: Grant
    Filed: July 29, 2010
    Date of Patent: June 25, 2013
    Assignee: Bank of America Corporation
    Inventors: Lowell Robert Huff, Zhongmin Agarwal, David Todd Frew
  • Patent number: 8473413
    Abstract: A method for designating accounts for funds from a check to be deposited is described. The method includes receiving, at a processing center having a processor, a direct deposit government entitlement check from a government entity to be deposited. The check may include an identifier. The method further includes comparing the identifier with a customer database to determine that funds from the check have been designated to be divided into sub-amounts and deposited into a plurality of accounts. Each of the plurality of accounts has account type and an associated expenditure designation. The method then receives a report of a total amount deposited from the check for each type of associated expenditure designation and each account type.
    Type: Grant
    Filed: December 26, 2012
    Date of Patent: June 25, 2013
    Assignee: The Western Union Company
    Inventors: Dianna Lyons, Kellie Norden
  • Patent number: 8468074
    Abstract: Embodiments of the invention provide apparatuses and methods for processing rejected checks. Checks that are rejected for deposit at deposit locations are captured on-site. A carrier picking up the rejected checks at the deposit location sorts the rejected checks into envelopes with data recognition markings. The recognition markings on the envelopes help with sorting and identifying the checks as rejected, as well as providing data to associate the rejected checks with a customer or an account. Image files are created for the rejected checks using an image capture system. Data files are created to match-up with the image files. The rejected checks are investigated to populate the data file, in order to determine how to process the rejected checks. The checks are submitted for posting and settlement often before any claims are made by customers for provisional funds for their rejected checks.
    Type: Grant
    Filed: March 30, 2009
    Date of Patent: June 18, 2013
    Assignee: Bank of America Corporation
    Inventors: Christopher J. Schrick, Katherine Renee Fadden, Craig Allan Hall
  • Patent number: 8458089
    Abstract: A method, system and program product, the method comprising: obtaining at or before a first source reception cutoff time, first client account transaction information; obtaining a respective net transfer amount; selecting respective aggregated deposit account in depository institution in a first group based on selection rules, first group having recipient cutoff times in a first time range; generating transfer data; obtaining at or before a second source reception cutoff time, second client account transaction information; selecting an aggregated deposit account in a depository institution in a second group to deposit/transferor withdraw/transfer funds, based on selection rules, the second group having respective cutoff times in a second time range different from the first time range; generating transfer data; allocating funds from multiple of the client accounts to the transfers; and updating databases.
    Type: Grant
    Filed: February 22, 2011
    Date of Patent: June 4, 2013
    Assignee: Island Intellectual Property LLC
    Inventor: David Edgar Gareis
  • Patent number: 8458066
    Abstract: A method and system to re-create lost cash letters are disclosed. Embodiments of the invention can be used to re-create a paper-based cash letter or an electronic cash letter file that is inadvertently lost due a system failure, theft, natural disaster, or the like. The items represented in the cash letter are identified and a file corresponding to a data set describing the plurality of items is created. Images representing the plurality of items are stored within a recovery check image management system (CIMS). The file corresponding to the data set can then be reformatted using the images in order to re-create the cash letter. Finally, the cash letter can be presented with at least one of an image and an image replacement document (IRD) for each item of the plurality of items in the recovery CIMS.
    Type: Grant
    Filed: February 1, 2008
    Date of Patent: June 4, 2013
    Assignee: Bank of America Corporation
    Inventors: George M. Abernethy, Douglas P. Hutchinson, Carmen McClendon
  • Patent number: 8452702
    Abstract: A method, system and program product, the method comprising: accessing databases, comprising (i) aggregated account information for a plurality of government-backed insured interest-bearing aggregated deposit accounts held in a plurality of recipient depository institutions, and (ii) client account information; obtaining client account transaction information of client accounts of a first financial institution; obtaining a first amount of funds for the first financial institution; allocating the first amount of funds to other of the recipient depository institutions; allocating a second amount of funds sourced from other of the financial institutions to the first financial institution, based on criteria; netting the first amount and the second amount to obtain a net amount; if the net amount is different from zero, allocating a positive or a negative third amount, to make the second amount equal to the first amount, so no transfer is necessary.
    Type: Grant
    Filed: September 8, 2011
    Date of Patent: May 28, 2013
    Assignee: Island Intellectual Property LLC
    Inventors: Thomas J. O'Donnell, David Edgar Gareis
  • Patent number: 8447094
    Abstract: Techniques and systems are disclosed to perform, in some examples, the steps of receiving a note or an image of a note, imaging at least a portion of the note, determining a value of at least one field indicated by a predetermined identifier of the note through character and mark recognition, and storing information regarding the note in a memory. The information regarding the note that may be stored in a memory may be forwarded to a regulatory agency or an external entity for reporting or record-keeping.
    Type: Grant
    Filed: March 2, 2012
    Date of Patent: May 21, 2013
    Assignee: Bank of America Corporation
    Inventor: Matthew Alexander Calman
  • Publication number: 20130124419
    Abstract: As banking transactions are processed by a bank teller, all of the relevant information with respect to the transaction (e.g., dollar amount) is captured in an electronic file. Each of the electronic files from the various branches of the bank are forwarded to a central back office processing center where the electronic files are combined into a single Transaction Repository. At the end of the branch day, all of the paper associated with the transactions is forwarded from the branches to the back office processing center. The paper transactions are imaged in the conventional manner and the Magnetic Ink Character Recognition (MICR) data is read from the paper. The present invention then automatically correlates the images and MICR data captured from the paper with the complete transaction record contained in the Transaction Repository. Most of the conventional back office processing can now be performed without the need to perform character recognition and without the need for excess human intervention.
    Type: Application
    Filed: January 10, 2013
    Publication date: May 16, 2013
    Applicant: JPMorgan Chase Bank, N.A.
    Inventor: JPMorgan Chase Bank, N.A.
  • Publication number: 20130117183
    Abstract: A Universal Positive Pay Database (UPPD) method, system and/or computer useable medium to reduce financial transaction fraud. A UPPD database is configured to store thereon transaction records associated with financial transactions corresponding to customers of the UPPD database. A particular financial transaction is initiated between a payer and a payee by providing parameters associated with the financial transaction to the UPPD database. An issue Vile is provided to the UPPD database that includes parameters associated with the particular financial transaction. A correspondence determination is made between the financial transaction parameters from the Issue File and the financial transaction parameters provided to the UPPD database at every point along the financial transaction clearing process.
    Type: Application
    Filed: June 25, 2012
    Publication date: May 9, 2013
    Inventor: William O. Bozeman
  • Patent number: 8437529
    Abstract: A stack of currency bills is received, transported, and imaged via an image scanner to produce image data that is reproducible as a visually readable image for each currency bill. Each of the currency bills has an associated serial number and additional identifying character information. The associated currency bill serial number and the additional identifying character information are extracted from the image data of each currency bill. Each currency bill is denominated. A suspect determination is made for each currency bill and upon a determination that a currency bill is a suspect bill, A suspect note report is automatically generated. Fields in the report are populated with information associated with the suspect bill including the extracted serial number, the extracted additional identifying character information, and the denomination of the suspect bill.
    Type: Grant
    Filed: April 13, 2010
    Date of Patent: May 7, 2013
    Assignee: Cummins-Allison Corp.
    Inventors: Douglas U. Mennie, Antony D. Susai, William J. Jones, Frank M. Csulits, Matthew L. Anderson, Robert J. Klein, Ralf H. Jaeger, David R. Badalamenti, Dale E. Beutel
  • Publication number: 20130110725
    Abstract: A method for a consumer to protect against loss associated with specified forms of check fraud. Upon purchasing checks, a consumer can subscribe to a check fraud protection program, for an additional fee. The subscription will enable the consumer to obtain reimbursement from the check printer for the consumer's losses due to specified causes. The consumer reciprocally assigns any right of recovery from the consumer's bank or financial institution to the check printer, which can then seek reimbursement from the bank, or financial institution and institute proceedings against the fraud perpetrator. Protection may be obtained for forged signatures, forged endorsements and altered check. A symbol to indicate such protection is also disclosed.
    Type: Application
    Filed: December 19, 2012
    Publication date: May 2, 2013
    Applicant: EZShield, Inc.
    Inventors: John Browning, Ken Illingworth, Brian Briggs
  • Publication number: 20130110724
    Abstract: In a method of determining if a check being presented for settlement is a duplicate, a request is received to convert a check made to a payee to funds. A query is performed on a check processing database to retrieve information about the check indicating whether a query has already been performed on the check processing database for the check when the check had been presented for settlement. In response to determining that a query for the check had previously been performed on the check processing database, an indication is provided.
    Type: Application
    Filed: October 29, 2012
    Publication date: May 2, 2013
    Inventor: Drew W. Edwards
  • Patent number: 8424755
    Abstract: An automated banking machine operates to cause financial transfers responsive to data read from data bearing records in the form of user cards. The machine includes a printer for printing paper records of transactions conducted at the machine. The printer receives paper from a shared paper path. The shared paper path can be supplied by a first paper supply and a second paper supply. A controller is operative to switch between the paper supplies in providing paper to the printer. Based on signals received from paper sensors in the machine, the controller can determine whether the first paper supply has reached a predetermined low level. In response to a low level determination, the controller acts to cause a paper drive to begin moving paper from the second paper supply to the shared paper path and then to the printer.
    Type: Grant
    Filed: August 31, 2011
    Date of Patent: April 23, 2013
    Assignee: Diebold Self-Service Systems division of Diebold, Incorporated
    Inventors: Sathish M. Irudayam, Marcelo Castro, John E. Williams
  • Patent number: 8429037
    Abstract: Techniques for performing an accounts payable process may include receiving transaction data including at least one of invoice data, purchase order data, and vendor data; and verifying a transaction by matching a dynamic data set of client-specified multi-dimensional criteria to the transaction data. An accounts payable system may include a host system in communication with one or more client systems. The host system may include a matching database configured to receive an accounts payable file including at least one of invoice data, purchase order data, and vendor data; and verify a transaction by matching a dynamic data set of client-specified multi-dimensional records to attributes of the accounts payable file.
    Type: Grant
    Filed: August 4, 2010
    Date of Patent: April 23, 2013
    Assignee: The PNC Financial Services Group, Inc.
    Inventors: James S. Stone, Greg Domaracki
  • Patent number: 8429080
    Abstract: Systems and methods for reordering checks for a plurality of accounts of a financial institution. For each of the plurality of accounts, an order for a first quantity of checks for the account may be generated. The order may comprise an account number and contact information. For each of the plurality of accounts, a portion of the first quantity of checks for the account that has been processed may be monitored. Also, an indication of a threshold quantity of checks may be received. Further, it may be determined when the portion of the first quantity of checks that has been processed exceeds the threshold quantity of the first quantity of checks. For each of the plurality of accounts, when the portion of the first quantity of checks that has been processed exceeds the threshold quantity, an order for a second quantity of checks for the account may be generated.
    Type: Grant
    Filed: April 2, 2012
    Date of Patent: April 23, 2013
    Assignee: The PNC Financial Services Group, Inc.
    Inventor: Andrew Baram
  • Patent number: 8429079
    Abstract: Various aspects relate to systems, methods or devices for processing overdrafts made by customers. A particular embodiment is directed towards, a system that is configured to receive transaction data from customer-oriented terminals. The transaction data includes requests for monetary transfers on behalf of customers that hold a checking or savings account at a financial institution. In response to receiving the transaction data, the system accesses customer account information, which can include the amount of funds in the checking or savings accounts. The system determines whether sufficient funds exist in the accounts to cover the financial transactions. In response to a potential overdraft of one or more customer accounts, stored customer information is accessed to determine and authorize overdraft deferment eligibility of the customer based upon the stored customer information. The system defers an overdraft fee by providing a grace period during which funds can be transferred to cover the overdraft.
    Type: Grant
    Filed: August 27, 2012
    Date of Patent: April 23, 2013
    Assignee: U.S. Bank National Association
    Inventors: Valerie Felice Cameo, Mark Dickelman, Victoria Ann Vogt
  • Patent number: 8423469
    Abstract: A computer system and method, for real estate transactions concerning the purchase or sale of real property, comprises engaging a realtor and a mortgage originator for providing unified communication among a client, the realtor and the mortgage originator, providing a simplified loan process for the client and upon a sale and purchase of the property, distributing to the client a predetermined portion of money from the real estate commission received by the realtor and a portion of the mortgage origination proceeds to the realtor, such that upon any combination of a sale and purchase of the property, the client receives a predetermined portion of money from the purchase price of the property, the loan amount and the listing fee, the realtor receives the full amount of the predetermined real estate commission for the sale consummated, and the mortgage originator receives a proportionately smaller portion of the mortgage origination proceeds.
    Type: Grant
    Filed: November 19, 2009
    Date of Patent: April 16, 2013
    Inventors: Michael B. Marlow, Mark Marlow
  • Patent number: 8416924
    Abstract: A customer-directed rounded-amount investment method includes determining whether a debit-card transaction is a qualifying transaction, determining whether the debit-card transaction is an odd-amount transaction and, if the transaction is an odd-amount qualifying transaction, crediting a customer-directed account in a rounded-difference amount.
    Type: Grant
    Filed: October 10, 2006
    Date of Patent: April 9, 2013
    Assignee: United Services Automobile Association (USAA)
    Inventors: Ryan Ray Barth, Ryan Todd Everett
  • Patent number: 8417628
    Abstract: A method and system using a communication network such as the Internet to allow registered users the flexibility to pay a bill by using traditional non-electronic payment methods after receiving an e-mail notification. The e-mail notification contains at least summary information which is formatted in the form of a remittance which can be included with the non-electronic form of payment allowing a user to retain the ability to pay a bill non-electronically while still being electronically notified that the bill is coming due. Additionally, a registered user has the option to pay a bill electronically after receiving the e-mail by clicking on an appropriate web address embedded within that e-mail. The registered user will either be directed to a biller website or a Customer Service Provider (CSP) and/or a Business Service Provider (BSP) website and given the option to pay the bill electronically.
    Type: Grant
    Filed: January 30, 2001
    Date of Patent: April 9, 2013
    Assignee: JPMorgan Chase Bank, N.A.
    Inventors: Thomas Poplawski, Khoon-Hong Tan
  • Patent number: 8417639
    Abstract: Systems and methods for automatically reordering checks for a plurality of accounts utilizing checks. For each of the plurality of accounts, a number of checks written may be determined from a most recent check order. The number of checks written may comprise a number of checks cleared and a number of stop payment orders made. Also, for each of the plurality of accounts, a check usage rate for the account may be determined. The check usage rate may be proportional to a number of checks written per unit time. Additionally, for each of the plurality of accounts a time-to-exhaustion for the account may be determined considering the number of checks written and the check usage rate for the account. Also, for each of the plurality of accounts, when the time-to-exhaustion drops below a threshold, an order of new checks directed to a customer associated with the account may be initiated.
    Type: Grant
    Filed: April 2, 2012
    Date of Patent: April 9, 2013
    Assignee: The PNC Financial Services Group, Inc.
    Inventor: Andrew Baram
  • Patent number: 8417600
    Abstract: Systems and methods for evaluating electronic value transfers. Various of the methods include graduating a defined affinity between transactions to increasing levels of scrutiny. At an increased level of scrutiny, reports can be generated indicating suspicious activity and/or interdiction procedures can be implemented to reduce the occurrence of the detected suspicious activity. Various of the systems are tailored to implement the aforementioned methods.
    Type: Grant
    Filed: May 7, 2003
    Date of Patent: April 9, 2013
    Assignee: The Western Union Company
    Inventors: Robert G. Degen, Brian Prendergast, Scott C. Hansen