With Paper Check Handling Patents (Class 705/45)
  • Patent number: 8186576
    Abstract: A banking system controlled responsive to data bearing records includes a card reader that can read identifying data from user cards. The system can authorize operation of an automated banking machine responsive to the read data. The machine can provide an electronic transaction receipt to the machine user. A bank host computer is operable to submit the receipt to a system address of record with the bank. The address can correspond to an e-mail address, phone number, or other address associated with an account involved in the transaction. The receipt can also include an image associated with the transaction. The system can also operate to image a check deposited at the machine, and then electronically send the image to the check maker, the payee, and/or a clearinghouse.
    Type: Grant
    Filed: May 2, 2011
    Date of Patent: May 29, 2012
    Assignee: Diebold Self-Service Systems division of Diebold, Incorporated
    Inventors: Jay Paul Drummond, Mark D. Smith, Michael A. Meffie, Daniel D. Wasil
  • Publication number: 20120130899
    Abstract: Embodiments provide processing of non-DDA transactions as Check21 transactions. In some implementations, a consumer registers a DDA account (e.g., a checking account) with a payment processing entity. The payment processing entity (e.g., or an agent or affiliate) generates a non-DDA account (e.g., a debit card account) and maps the new non-DDA account to the consumer's preexisting DDA account. When the consumer uses the non-DDA account at a point of sale, transaction information, including the non-DDA account information, is routed to the payment processing entity. The payment processing entity uses its mapping to identify the consumer's DDA account, uses the DDA account information and transaction information to generate a Check21-compliant check image, and clears and/or settles the transaction through Check21 channels.
    Type: Application
    Filed: June 14, 2011
    Publication date: May 24, 2012
    Inventors: Patrick Shawn McMonagle, Rustin Ivins Carpenter
  • Patent number: 8185457
    Abstract: Methods and systems are disclosed for automatically identifying and managing potentially fraudulent transactions without adversely impacting legitimate customers. In one implementation, the methods and systems provide a transaction risk analyzer for analyzing a risk associated with a financial transaction. The transaction risk analyzer quickly and automatically evaluates a number of factors in connection with each transaction to determine the risk associated with the transaction. The factors may include, for example, the relationship of the customer to the financial services company, the identity of the customer, and the behavior pattern of the customer. A set of business rules may then be applied to these factors to help distinguish between potentially fraudulent transactions and legitimate transactions. Based on the business rules, the transaction risk analyzer may recommend certain actions to mitigate loss potentially resulting from the transaction.
    Type: Grant
    Filed: October 25, 2007
    Date of Patent: May 22, 2012
    Assignee: United Services Automobile Association (USAA)
    Inventors: Charles Randall Bear, Marco Aldo Jimenez
  • Patent number: 8185471
    Abstract: Systems, methods, and computer program products are provided for integrating a mail receiving process with a payment processing system. Embodiments of the invention include a capture device configured to: (1) receive a plurality of payment-related mail items comprising a plurality of envelopes containing one or more items; (2) scan the plurality of envelopes and the items to obtain data about each of the plurality of payment-related mail items; (3) identify one or more exception situations regarding one or more payment-related mail items; (4) associate an exception indicator with the data obtained about the one or more payment-related mail items, wherein the exception indicator provides an indication as to an exception type selected from a plurality of exception types; and (5) communicate the data and the one or more exception indicators to a payment processing system.
    Type: Grant
    Filed: September 23, 2008
    Date of Patent: May 22, 2012
    Assignee: Bank of America Corporation
    Inventors: Robert Bradley Walker, Ellen Anne O'Hare
  • Patent number: 8184893
    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: December 5, 2007
    Date of Patent: May 22, 2012
    Assignee: Bank of America Corporation
    Inventor: Matthew Alexander Calman
  • Patent number: 8175963
    Abstract: In accordance with one or more embodiments, a method and system are provided for facilitating the processing of at least one check in accordance with an offer which the account holder may accept, in one example, via a check being presented by the account holder as payment for a transaction.
    Type: Grant
    Filed: February 15, 2010
    Date of Patent: May 8, 2012
    Assignee: Walker Digital, LLC
    Inventors: Jay S. Walker, Daniel E. Tedesco, Magdalena M. Fincham, Dean P. Alderucci, Jason Krantz
  • Patent number: 8172130
    Abstract: A system controlled responsive to a data bearing record includes a card reader that is operative to read data from user cards including identifying data, and to authorize operation of an automated banking machine responsive to the identifying data. The automated banking machine may be operative to provide an electronic transaction receipt from the banking machine. A bank host computer may be operable to submit the receipt to a system address of record with the bank. The address of record may correspond to an e-mail address, phone number or other address associated with an account involved in the transaction. The receipt may include an image or images associated with the transaction and may be sent to a user of a banking machine. The system may also operate to image deposited checks deposited at a banking machine and may be electronically sent to a maker, payee, or clearinghouse.
    Type: Grant
    Filed: February 29, 2008
    Date of Patent: May 8, 2012
    Assignee: Diebold Self-Service Systems division of Diebold, Incorporated
    Inventors: Jay Paul Drummond, Mark D. Smith, Michael A. Meffie, Daniel D. Wasil
  • Patent number: 8175623
    Abstract: A mobile domain platform for subscribers (e.g. businesses, institutions, advertising agencies, partners, providers, individuals, and enterprises) to offer a text message based campaign to new or potential customers (users). A subscriber can create a mobile domain by selecting and registering at least one available keyword with a mobile domain platform for the subsequent processing of text messages sent to the platform which include one or more of the registered keywords. Also, the subscriber can register one or more keywords as a root for a mobile domain such that subsequent text messages sent to the mobile domain platform that include additional alphanumeric strings of text (root keyword plus one or more combinations of other predetermined keywords) can be automatically processed to enable one or more different actions. A mobile domain keyword is generally composed of one or more alphanumeric characters, and can be any one of a word, phrase, abbreviation, or character.
    Type: Grant
    Filed: August 30, 2006
    Date of Patent: May 8, 2012
    Assignee: Yahoo! Inc.
    Inventors: Shailesh Bhat, Shouvick Mukherjee, Subramanya Sharma, Navin Doshi, Mekin Maheshwari, Anoop Jain
  • Publication number: 20120109825
    Abstract: A system and process for more efficiently clearing checks by transmitting MICR line data together with a URL link to facilitate check clearing via electronic debits by an ACH. The URL link can be used at the option of the paying bank (or other entity) to access images of the check from a database.
    Type: Application
    Filed: January 6, 2012
    Publication date: May 3, 2012
    Inventors: Joseph M. Haschka, Kerry S. Jones
  • Publication number: 20120101946
    Abstract: According to one embodiment, the present invention relates to a method and a system for distributed check processing at a plurality of sites. A computer implemented method for check processing comprises the steps of receiving a mail item comprising a payment product at a mail facility; identifying a routing code associated with the mail item; routing the mail item to a payment processing system, based on the routing code; at the payment processing system, extracting the payment product from the mail item; electronically transmitting payment data associated with the payment product to an intended recipient for processing; and destroying the payment product at the payment processing system wherein the payment processing system and the mail facility are local.
    Type: Application
    Filed: October 17, 2003
    Publication date: April 26, 2012
    Inventor: David Scott Jones
  • Publication number: 20120101947
    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: Application
    Filed: April 20, 2011
    Publication date: April 26, 2012
    Applicant: SOLUTRAN, INC.
    Inventor: Kari B. Hawkins
  • Patent number: 8165381
    Abstract: According to one embodiment, the present invention relates to a method and a system for transaction decision making. According to an exemplary embodiment, a method and system for processing payment items involve receiving a payment item at a sorter device; extracting electronic data from the payment item from an electronic readable line of the payment item; imaging the payment item to obtain image data of the payment item; comparing the electronic data and the image data to verify payment data associated with the payment item; and determining an optimal settlement path for the payment item, at the sorter device.
    Type: Grant
    Filed: October 11, 2010
    Date of Patent: April 24, 2012
    Assignee: JPMorgan Chase Bank, N.A.
    Inventors: Laura M. Ferris, Richard L. Norman, Anthony B. Gerevics
  • Patent number: 8160945
    Abstract: A system and method for enhancing financial institution revenue through acceleration of debit processing is provided. The method includes modeling the processing of account debit transactions, identifying ways to accelerate the processing of the account debit transactions and accelerating the account debit transactions. In a further embodiment, account debit transaction processing is accelerated from beginning on what has traditionally been referred to as Day 0 to beginning on some day before Day 0.
    Type: Grant
    Filed: October 8, 2010
    Date of Patent: April 17, 2012
    Inventor: Will Knapp
  • Patent number: 8155425
    Abstract: A method of locating a check image region within a document image comprising the steps of locating a MICR region of the check and calculating the top of the check relative to the MICR region.
    Type: Grant
    Filed: August 10, 2009
    Date of Patent: April 10, 2012
    Assignee: Microsystems Technology, Inc.
    Inventor: Steven Mandel
  • Patent number: 8150771
    Abstract: Various embodiments are directed to computer implemented methods of automatically reordering checks for an account utilizing checks. The methods may comprise determining a number of checks written on the account from a most recent check order. The number of checks written on the account from the most recent check order comprises a number of checks cleared on the account and a number of stop payment orders made on the account. The methods may also comprise determining a check usage rate, which may be proportional to a number of checks written on the account per unit time. The methods may additional comprise determining a time-to-exhaustion considering the number of checks written on the account and the check usage rate. Conditioned upon the time-to-exhaustion being below a predetermined threshold, an order of new checks directed to the customer may be initiated.
    Type: Grant
    Filed: December 1, 2008
    Date of Patent: April 3, 2012
    Assignee: The PNC Financial Services Group, Inc.
    Inventor: Andrew Baram
  • Patent number: 8150770
    Abstract: A method for reordering checks for a customer is disclosed. The method includes ordering a first quantity of checks for the customer, tracking usage of the first quantity of checks, and ordering a second quantity of checks for the customer when a predetermined quantity of the first quantity of checks has been processed.
    Type: Grant
    Filed: September 12, 2008
    Date of Patent: April 3, 2012
    Assignee: The PNC Financial Services Group, Inc.
    Inventor: Andrew Baram
  • Publication number: 20120072343
    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: Application
    Filed: September 19, 2011
    Publication date: March 22, 2012
    Inventor: Claudio R. Ballard
  • Patent number: 8136721
    Abstract: A method for enhancing a check code line image of a captured document such as a bank check. The method includes capturing an electronic image of a document; locating a code line region within the electronic image of the document; and performing a localized video gain on the code line region.
    Type: Grant
    Filed: May 12, 2006
    Date of Patent: March 20, 2012
    Assignee: International Business Machines Corporation
    Inventors: Ravinder Prakash, Jeffrey E. Journey, Clair F. Rohe
  • Patent number: 8140434
    Abstract: A system for making funds available for gaming which includes a terminal which is configured to read customer information from a card. The terminal includes an input/output unit configured to allow the customer to select a quasi-cash transaction and to generate an order authorizing the quasi-cash transaction. The system also includes a station which is configured to retrieve the order and information verifying the identity of the customer and, when the identity of the customer is verified, is configured to, at the customer's option (1) obtain an electronic endorsement from the customer and place the electronic endorsement in an electronic image or (2) print out a hard copy of a check for endorsement by the customer.
    Type: Grant
    Filed: August 15, 2007
    Date of Patent: March 20, 2012
    Assignee: Global Payments, Inc.
    Inventor: Dean A. DeCristoforo
  • Patent number: 8126808
    Abstract: A 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, with the data files being used to promptly initiate the transfer of funds to and from appropriate accounts, while the paper checks, at a remote location and typically lagging in time, are scanned to create digital image files and deposited as an image or substitute check if deemed ACH ineligible. The method provides for the comparison of data files to image files, based on MICR information, to find any unmatching or mismatched items for exception processing and a process to manage ACH-ineligible items as an image or substitute check. A process for translating raw MICR data to a desired format, and for identifying the proper translation to be applied, is described.
    Type: Grant
    Filed: December 20, 2008
    Date of Patent: February 28, 2012
    Inventors: Scott R. Reid, Kari Hawkins
  • Patent number: 8126809
    Abstract: A system that includes computer hardware, computer software, apparatus, and methodology that enables individuals, businesses, and all types of organizations (both for profit and non-profit) to capture and securely transmit check images (including, but not limited to, personal checks, business checks, travelers checks, money orders, merchant coupons, food coupons, line of credit checks, etc.), deposit information, and other information from remote locations (i.e., locations that could include the financial institution's remote locations, other financial institution's locations, businesses, private residences, etc.), for the purpose of having those checks credited to the depositing individual's or organization's bank account(s) and having the check images (and/or physical checks) entered into the bank check clearing channels for ultimate delivery to the maker bank for payment out of the maker's account.
    Type: Grant
    Filed: November 23, 2009
    Date of Patent: February 28, 2012
    Assignee: PPS Data, LLC
    Inventors: Danne L. Buchanan, William Ronald Titus
  • Patent number: 8126807
    Abstract: A 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, with the data files being used to promptly initiate the transfer of funds to and from appropriate accounts, while the paper checks, at a remote location and typically lagging in time, are scanned to create digital image files and deposited as an image or substitute check if deemed ACH ineligible. The method provides for the comparison of data files to image files, based on MICR information, to find any unmatching or mismatched items for exception processing and a process to manage ACH-ineligible items as an image or substitute check. The process further provides for a trial period protocol for performing image matching on ACH-eligible items during a trial period before sending such transactions for settlement.
    Type: Grant
    Filed: September 12, 2008
    Date of Patent: February 28, 2012
    Inventors: Kari Hawkins, Scott Reid
  • Patent number: 8121950
    Abstract: A device captures an image of a check having a payee and/or a payor field. Payee data and/or payor data contained in the payee field and/or the payor field is extracted from the captured image. Extracted payee data and/or extracted payor data is stored in a data warehouse to allow a user to generate business-related information based upon the extracted payee data and/or the extracted payor data.
    Type: Grant
    Filed: November 2, 2004
    Date of Patent: February 21, 2012
    Assignee: NCR Corporation
    Inventors: Khaled S. Hassanein, Geoffrey G. Marlow
  • Patent number: 8121385
    Abstract: A system and method for accessing data to generate documents for use in MICR line testing. The system comprises a MICR testing station for testing MICR processing. The MICR testing station comprises a MICR line testing module for generating at least one MICR testing document for use in testing MICR processing. The MICR line testing module further comprises: (1) an application determination module for determining an application based on a bank selection provided by a tester, (2) a routing/transit number determination module for determining a routing/transit number based on the bank and the application determined, and (3) a tran code determination module for determining a tran code based on the routing/transit number determined; and at least one client station connected to the MICR testing station via a communications network, the at least one client station being used by at least one tester to provide particulars about at least one MICR line.
    Type: Grant
    Filed: February 25, 2011
    Date of Patent: February 21, 2012
    Assignee: JPMorgan Chase Bank, N.A.
    Inventors: Cheryl Mount, Akshay Pradhan, Sheryl F. Tucker, Danielle O. Garvey, Dennis C. Barry, Brenda Goodwin, Tammy Radvanyi, Linda M. O'Brien
  • Patent number: 8121951
    Abstract: A system and process for more efficiently clearing checks by transmitting MICR line data together with a URL link to facilitate check clearing via electronic debits by an ACH. The URL link can be used at the option of the paying bank (or other entity) to access images of the check from a database.
    Type: Grant
    Filed: February 8, 2006
    Date of Patent: February 21, 2012
    Inventors: Joseph M. Haschka, Kerry Jones
  • Patent number: 8118216
    Abstract: A method (and system) of discovering a significant subset in a collection of documents, includes identifying a set of documents from a plurality of documents based on a likelihood that documents in the set of documents carries an instance of information that is characteristic to the documents in the set of documents.
    Type: Grant
    Filed: October 30, 2007
    Date of Patent: February 21, 2012
    Assignees: JP Morgan Chase Bank, International Business Machines Corporation
    Inventors: Robert Hoch, Tayo Ibikunle, Ehud Kamin, William A. Liberis, Tomasz J. Nowicki, Michael J. Reilly, Howard E. Sachar, Charles P. Tresser, Eugene Walach
  • Patent number: 8112337
    Abstract: A method and system for electronically clearing financial instruments may include receiving electronic files of items containing data scanned from financial instruments including an amount of each instrument, and applying a rule to sort the items by determining whether the item may be stored or forwarded for clearing without storage. The rule may include determining whether an amount of the instrument exceeds a predetermined value, and if so, forwarding the instrument for clearing, or if not, storing the item for forwarding at a later time when the per item fee for clearing is lower. The system may include a control for receiving electronic files from a scanning device and applying a rule to sort the files by determining whether each file should be stored or forwarded and an image export server for converting the files to a preferred format and transmitting them for clearing.
    Type: Grant
    Filed: September 11, 2008
    Date of Patent: February 7, 2012
    Assignee: Keycorp
    Inventors: Douglas Paul Davis, Edward Kwabena Obeng, David T. Reichard
  • Patent number: 8112357
    Abstract: Preventing duplicate ICL files and/or ICL file elements, including duplicate ICLs, items, and item bundles, from being processed for payment and/or presentment. A duplicate detection module can assign a predictable and repeatable unique identifier to each ICL file and/or ICL file element. The duplicate detection module can determine whether each ICL file and/or element is a duplicate by comparing the identifier associated with the ICL file and/or element with information stored in a record of already processed files/elements. In response to determining that an ICL file and/or element is a duplicate, the duplicate detection module can determine not to process the file/element for payment and/or presentment. In response to determining that the ICL file and/or element is not a duplicate, the duplicate detection module can store information regarding the file/element in the record. For example, the stored information can include the unique identifier associated with the file/element.
    Type: Grant
    Filed: November 6, 2007
    Date of Patent: February 7, 2012
    Assignees: Federal Reserve Bank of Atlanta, Federal Reserve Bank of Richmond, Federal Reserve Bank of Kansas City
    Inventors: Randall Lee Mueller, V. Srinivas Nori, Benjamin T. Breeden, Jr.
  • Publication number: 20120030117
    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: Application
    Filed: July 29, 2010
    Publication date: February 2, 2012
    Applicant: BANK OF AMERICA CORPORATION
    Inventors: Lowell Robert Huff, Zhongmin Agarwal, David Todd Frew
  • Publication number: 20120030105
    Abstract: Embodiments of the invention relate to systems, methods, and computer program products for maintaining an updated check register in connection with an online banking account of a payor that tracks pending check payments using check imaging technology. Some embodiments of the present invention provide a computer-implemented method including the following steps: receiving an image of at least a portion of a paper check, wherein the portion comprises an indication of an amount of money to be drawn on a financial account, processing the image to determine the amount, identifying the financial account, and recording the amount in connection with the financial account, wherein the recording step occurs prior to receiving any indication that the check has been presented for payment. In addition, the method may also include making the financial account with an indication of the pending payment available to be viewed by the payor.
    Type: Application
    Filed: July 30, 2010
    Publication date: February 2, 2012
    Applicant: BANK OF AMERICA CORPORATION
    Inventors: Alicia C. Jones, Zhongmin Agarwal, Mark D. Zanzot
  • Publication number: 20120030118
    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) displaying a grid on a display associated with a remote capture device, where the remote capture device is configured to capture an image that shows multiple deposit items, and where the grid comprises a plurality of grid portions; and (b) prompting a user of the remote capture device to arrange the multiple deposit items, or to position or operate the remote capture device, such that each of the deposit items in the multiple deposit items appears in a single grid portion of the display before the image is captured.
    Type: Application
    Filed: July 29, 2010
    Publication date: February 2, 2012
    Applicant: BANK OF AMERICA CORPORATION
    Inventors: Lowell Robert Huff, Zhongmin Agarwal, David Todd Frew
  • Publication number: 20120030106
    Abstract: A system that includes computer hardware, computer software, apparatus, and methodology that enables individuals, businesses, and all types of organizations (both for profit and non-profit) to capture and securely transmit check images (including, but not limited to, personal checks, business checks, travelers checks, money orders, merchant coupons, food coupons, line of credit checks, etc.), deposit information, and other information from remote locations (i.e., locations that could include the financial institution's remote locations, other financial institution's locations, businesses, private residences, etc.), for the purpose of having those checks credited to the depositing individual's or organization's bank account(s) and having the check images (and/or physical checks) entered into the bank check clearing channels for ultimate delivery to the maker bank for payment out of the maker's account.
    Type: Application
    Filed: October 6, 2011
    Publication date: February 2, 2012
    Inventors: DANNE L. BUCHANAN, William Ronald Titus
  • Patent number: 8103084
    Abstract: A system for tracking currency bills comprises a currency scanning device. The scanning device includes a sensor that retrieves currency identification characteristic information of each bill processed. The currency identification characteristic information permits the unique identification of each bill processed. The system further comprises a customer identification means and means for associating each processed bill with the customer depositing the bill. Means for identifying the customer (or customer account) associated with a particular processed bill after the deposit transaction has been completed is also included in the system.
    Type: Grant
    Filed: August 19, 2009
    Date of Patent: January 24, 2012
    Assignee: Cummins-Allison Corp.
    Inventors: John E. Jones, William J. Jones, Douglas U. Mennie, Paul A. Jones
  • Patent number: 8103565
    Abstract: A loan is secured by insurance policy collateral between a lender, borrower with the insurance policy, and an intermediary. The intermediary establishes a securities account and holds the insurance policy, which designates the borrower as the beneficial owner and the intermediary as the record owner. The lender disburses the loan proceeds to the borrower. In the event the lender notifies the intermediary of a default, the intermediary is obligated to modify the insurance policy by designating the lender as the beneficial owner of the policy, thereby enabling the lender to control the policy. The lender, for example, may make premium payments upon the policy, or order the intermediary to sell the policy.
    Type: Grant
    Filed: February 9, 2006
    Date of Patent: January 24, 2012
    Assignee: Coventry First LLC
    Inventors: Alan H. Buerger, Reid S. Buerger, Alex Seldin
  • Patent number: 8094946
    Abstract: The present invention provides an image processing system, which can reduce calculation time by alleviating a calculation load in assessing the occurrence of tampering of an image. For example, the image processing system of the present invention first identifies a type of a form of an image to be assessed in assessing the occurrence of tampering. Next, a characteristic amount of a certain region (flexible region) corresponding to the identified type of a form is extracted as a characteristic amount of the image to be assessed. Then, the extracted characteristic amount of image to be assessed and the characteristic amount extracted from a certain region in an original image are compared and the compared result is notified as the assessment result. A flexible region, to which a user writes, is preferably specified as said certain region.
    Type: Grant
    Filed: August 8, 2005
    Date of Patent: January 10, 2012
    Assignee: Canon Kabushiki Kaisha
    Inventors: Etsuko Maeda, Yoichi Takaragi, Hiroyuki Kimura
  • Publication number: 20110320358
    Abstract: Methods and systems, including computer programs encoded on a non-transitory medium, are disclosed for real-time and/or online straight-through processing, including the forward presentment and return processes of checks and other electronic payment instruments. In one aspect, an image file and transit item associated with a payment item received at a first financial institution are generated during a customer transaction. The image file and item are transmitted to a second financial institution associated with the payment item during the customer transaction performed at the incoming system. The image file and item are then processed and posted at the second financial institution in real-time, with a posting results notification being returned to the first system.
    Type: Application
    Filed: May 9, 2011
    Publication date: December 29, 2011
    Applicant: ARGO Data Resource Corporation
    Inventors: Michael K. Harris, Jonathan C. Gilson
  • Publication number: 20110320357
    Abstract: Methods, systems, and apparatus, including computer programs encoded on a computer storage medium, are disclosed for real-time, straight-through processing and real-time presentment of checks and other electronic payment instruments. In one aspect, an image file associated with a payment item received at a first financial institution is generated. The generated image file is transmitted to a second financial institution associated with the payment item immediately after generation of the image file, while the received payment item and generated image file are processing prior to posting a transaction to a customer account at the first financial institution. After completing the processing, a transit item associated with the processed payment item is generated and transmitted to the second financial institution for association with the previously-transmitted image file.
    Type: Application
    Filed: April 28, 2011
    Publication date: December 29, 2011
    Applicant: ARGO DATA RESOURCE CORPORATION
    Inventor: Jonathan C. Gilson
  • Patent number: 8074871
    Abstract: Methods and systems for validating a negotiable instrument. One method can include obtaining an electronic image of the negotiable instrument, electronically determining a first value and a second value of the negotiable instrument based on the electronic image, and automatically validating the negotiable instrument if the first value is substantially equal to the second value.
    Type: Grant
    Filed: September 13, 2006
    Date of Patent: December 13, 2011
    Assignee: Certegy Check Services, Inc.
    Inventor: Michael R. Bates
  • Patent number: 8078533
    Abstract: Financial transactions may be monitored for reporting requirements and regulatory compliance. A system provides for receipt of remittances, recognition of payment documents, storage of transaction information, and compliance verification by matching one or more cash equivalent transactions (CETs) made by an individual to determine if the aggregate of the transactions should be reported to meet compliance regulations. Images of the documents may be reviewed by an analyst to determine an account number and/or routing number associated with imaged document. If the information associated with the document reviewed has not been previously reviewed, it may be placed on a list of documents associated with CET transactions such that the document may be determined to be a CET in subsequent encounters with the document without human intervention.
    Type: Grant
    Filed: October 21, 2008
    Date of Patent: December 13, 2011
    Assignee: United Services Automobile Association
    Inventors: Joe Ray Martin, Michael Wayne Lester, Patrick William Walker Evans, Patrick Robert Ernst, Ronald David Young, Marie Elizabeth Hollinger, Omar Alejandro Pina
  • Patent number: 8078517
    Abstract: Financial transactions may be monitored for reporting requirements and regulatory compliance. A system provides for receipt of remittances, recognition of payment documents, storage of transaction information, and compliance verification by matching one or more cash equivalent transactions (CETs) made by an individual to determine if the aggregate of the transactions should be reported to meet compliance regulations. Images of the documents may be reviewed by an analyst to determine an account number and/or routing number associated with imaged document. If the information associated with the document reviewed has not been previously reviewed, it may be placed on a list of documents associated with CET transactions such that the document may be determined to be a CET in subsequent encounters with the document without human intervention.
    Type: Grant
    Filed: October 21, 2008
    Date of Patent: December 13, 2011
    Assignee: United Services Automobile Association
    Inventors: Joe Ray Martin, Michael Wayne Lester, Patrick William Walker Evans, Patrick Robert Ernst, Ronald David Young, Marie Elizabeth Hollinger, Omar Alejandro Pina
  • Patent number: 8078539
    Abstract: An improved check sorting system capable of ordering cancelled checks for a plurality of accounts in a predetermined manner other than by account number is provided. Checks are ordered according to a priority value associated with the account number, and optionally check number, identified by each check. A database is utilized to store information indexed by institution and/or account number and optionally check number. The information includes a priority value. The check sorting system scans each check and reads the MICR code from each check. The institution and/or account number, and possibly check number, from each check are used as pointers to obtain the priority value for that check. The check is then sorted based on the priority value obtained from the database.
    Type: Grant
    Filed: November 17, 2003
    Date of Patent: December 13, 2011
    Assignee: Pitney Bowes Inc.
    Inventors: Robert A. Cordery, Leon A. Pintsov
  • Patent number: 8059881
    Abstract: Systems for processing digital check image files include an image classification module programmed to review a plurality of attributes associated with a digital check image file including at least one check image, and to categorize the digital check image file into at least one category of a plurality of categories, and a decision module programmed to decide how to process the digital check image file based on the category.
    Type: Grant
    Filed: January 7, 2008
    Date of Patent: November 15, 2011
    Assignee: Wells Fargo Bank, N.A.
    Inventors: Robert Scot Thomas, Alan W. Hecht, Jr.
  • Patent number: 8060442
    Abstract: A system and method for MICR-based duplicate detection and management identifies duplicate presented items on day one across a plurality of payment channels, prior to posting, preventing them from impacting financial institution customers by rerouting to an adjustments team. Inquiry files containing MICR data for a plurality of presented items are evaluated by a duplicate detection module. Each item presented is evaluated against all previous items based on its MICR line. Unique items are processed in the usual manner. Duplicate suspects undergo further processing. Suspects having identical MICR data, but that are not duplicates, such as NSF (non-sufficient funds) checks being re-deposited, are identified and posted. The remaining suspects go in the suspect queue of a universal workstation. After being researched, suspects found not to be duplicates are posted. The remaining suspects are flagged as duplicates and routed to an adjustor for further action.
    Type: Grant
    Filed: April 21, 2008
    Date of Patent: November 15, 2011
    Assignee: Wells Fargo Bank, N.A.
    Inventors: Alan W. Hecht, Rick Rotella, Brent Mangum, Kathy Smalley, Jack Tobey, Kathy Tyo
  • Patent number: 8060426
    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: May 6, 2010
    Date of Patent: November 15, 2011
    Assignee: Citibank, N.A.
    Inventors: Matthew J. Gillin, Roger Korfmann, Paul L. Raden
  • Patent number: 8052040
    Abstract: A negotiable instrument with fraud and identity theft protection and method of use is provided. The method includes step accepting a negotiable instrument having a pre-printed bar code, reading the bar code on a negotiable instrument using a bar code scanner, and receiving from the writer a code presented to the merchant for deriving personal information associated with the account holder and banking information associated with the account from the bar code. The method also having the step of comparing the personal identification information from the bar code with information provided by the writer. The merchant using the bank processing information derived from the bar code to process the negotiable instrument.
    Type: Grant
    Filed: March 9, 2006
    Date of Patent: November 8, 2011
    Inventor: Merlin D. Stover
  • Publication number: 20110270755
    Abstract: A method for check clearing by a first entity where the check was previously issued from a first party to a second party. The first party has a first account with the first entity and the second party has a second account with a second entity. The first entity receives first information included with the check from the second party, including first party identifying information, a unique pseudorandom check number, and a check amount. The first entity authenticates at least a portion of the first information and receives second information from the second party, including at least the second account number and the second entity's routing transit number. The first entity transfers funds from the first account of the first party to the second account of the second party using at least a portion of the authenticated first information and the second information.
    Type: Application
    Filed: December 17, 2010
    Publication date: November 3, 2011
    Applicant: ING Direct, fsb
    Inventor: David Aaron Pinski
  • Publication number: 20110270750
    Abstract: A system and method for securing financial information in payment instruments including generating a pseudorandom number sequence, generating an activation code, including a unique pseudorandom number of the sequence with each payment instrument of a plurality of payment instruments and issuing the plurality of payment instruments with the activation code to a customer. The activation code is associated with customer identifying information and each unique pseudorandom number of the sequence included with each payment instrument of the plurality of payment instrument. The plurality of payment instruments is activated with the activation code. A received payment instrument of the plurality of payment instruments is authenticated if the customer and the unique pseudorandom number of the sequence included on the received payment instrument are authenticated and if the plurality of payment instruments are activated.
    Type: Application
    Filed: April 28, 2010
    Publication date: November 3, 2011
    Applicant: ING Direct, fsb
    Inventors: William Pierce Abrams, JR., James John Kelly, Robert Dean Rowley, III, Todd Adam Sandler, Daniel Lloyd Struble, Rudolph Christian Wolfs
  • Patent number: 8046301
    Abstract: When the deposit of a negotiable instrument, such as a check, is done electronically by using a digital image of the negotiable instrument rather than the negotiable instrument itself, during the process, at least two negotiable instruments may exist: the physical negotiable instrument and the digital image of the negotiable instrument. To change the physical negotiable instrument to a non-negotiable instrument, a bank or other financial institution may send a transmission to modify the appearance of the negotiable instrument, thus effectively “voiding” the physical negotiable instrument. The negotiable instrument may have various inks or mechanisms that facilitate the modification of the appearance through the application of a stimulus, such as heat or light. The financial institution may cause the application of the stimulus to modify the appearance of the negotiable instrument.
    Type: Grant
    Filed: October 30, 2007
    Date of Patent: October 25, 2011
    Assignee: United Services Automobile Association (USAA)
    Inventors: Arthur Quentin Smith, John Chandler Hopkins, III, Reynaldo Medina, III, Bradly Jay Billman
  • Patent number: 8041098
    Abstract: A system for tracking currency bills comprises a currency scanning device. The scanning device includes a sensor that retrieves currency identification characteristic information of each bill processed. The currency identification characteristic information permits the unique identification of each bill processed. The system further comprises a customer identification means and means for associating each processed bill with the customer depositing the bill. Means for identifying the customer (or customer account) associated with a particular processed bill after the deposit transaction has been completed is also included in the system.
    Type: Grant
    Filed: August 19, 2009
    Date of Patent: October 18, 2011
    Assignee: Cummins-Allison Corp.
    Inventors: John E. Jones, William J. Jones, Douglas U. Mennie, Paul A. Jones
  • Patent number: 8041640
    Abstract: A system and method for verifying the existence of a deposit account, such as a checking account, are provided. The system and method may also be used to determine whether the deposit account is configured to receive automatic transactions for withdrawal. For example, a lender may extend an offer of credit to a borrower where payments of principal and interest are to be made by automatic withdrawals. Prior to transferring the principal, the lender verifies the existence and configuration of the borrower's deposit account by charging a fee to establish the line of credit and retrieving the fee by automatic withdrawal. Once the transaction clears and the lender receives the fee, the lender is assured that the account does exist and is configured to receive automatic transactions. Two exemplary methods of retrieving the fee are electronic funds transfer and remote creation of a paper negotiable instrument.
    Type: Grant
    Filed: May 2, 2006
    Date of Patent: October 18, 2011
    Assignee: Compucredit Intellectual Property Holdings Corp. II
    Inventor: Brian Stone