With Paper Check Handling Patents (Class 705/45)
  • 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
  • Publication number: 20110251959
    Abstract: A system mainframe receives a payee check file and a payor check file and produces an exception file including at least one exception item. A server receives the exception file and generates a Web file including information relating to the exception item and generates an address for the Web file. The server further sends an exception client an e-mail which notifies the exception client of the exception item and provides the exception client with the address for the Web file.
    Type: Application
    Filed: May 18, 2011
    Publication date: October 13, 2011
    Inventor: Alexandra Keene
  • Patent number: 8032462
    Abstract: Balancing image cash letters (“ICLs”) and ICL items during electronic check processing includes determining whether each item has been presented to a receiving institution for payment. A tracking module can track an incoming ICL/item's processing status using records comprising information regarding the ICL/item's status for electronic check processing events. The tracking module can present the ICL/item's processing status in one or more reports. The tracking module can balance an ICL by comparing an incoming ICL value amount with an outgoing ICL value amount. The incoming ICL value amount comprises the total value of the items in the incoming ICL. The outgoing ICL value amount comprises the total value of the items in the incoming ICL that have been presented to a receiving institution via one or more outgoing ICLs. If the amounts match, then the incoming ICL is balanced. If not, then the ICL is not balanced.
    Type: Grant
    Filed: July 7, 2006
    Date of Patent: October 4, 2011
    Assignees: Federal Reserve Bank of Kansas City, Federal Reserve Bank of Atlanta, Federal Reserve Bank of Cleveland, Federal Reserve Bank of Dallas
    Inventors: Randall Lee Mueller, Thomas Edwin Schaadt, Steven Joseph Harris, Eric Lendl, V. Srinivas Nori, Steven Q. Purser
  • Patent number: 8027890
    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: July 30, 2008
    Date of Patent: September 27, 2011
    Assignee: MasterCard International Incorporated
    Inventors: Mary L. Kelly, Terry Altman
  • Patent number: 8027893
    Abstract: News information is received. It is determined if the news information contains a reference to a company. It is further determined if the news information matches criteria associated with the company. Securities are automatically trade upon determining that said news information contains a reference to the company and determining that said news information matches criteria associated with the company.
    Type: Grant
    Filed: December 16, 2002
    Date of Patent: September 27, 2011
    Assignee: News Technologies, LLC
    Inventors: Steven A. Burrows, John P. Elliott
  • Patent number: 8020757
    Abstract: An apparatus, system and method for providing to a network of ATMs (10) the ability to transact business in connection with several financial institutions (30, 40) using each financial institution's display interfaces (34, 44), and optionally provides for advertising and promotional materials (32, 42)) associated with each financial institution targeted to a specific user. The ATM platform is capable of delivering the same look, feel and functionality of each participating financial institutions through a single ATM, which allows for a financial institution to increase brand recognition, maintain customer loyalty and prevent market share loss.
    Type: Grant
    Filed: September 20, 2006
    Date of Patent: September 20, 2011
    Assignee: Select-A-Branch ATM Network, LLC
    Inventor: Daniel C. Gardner
  • Patent number: 8023718
    Abstract: A method for linking front and rear images in a document processing system involves linking the front and rear images by a magnetic ink character code line. The document processing system includes an imaging device and a magnetic ink character recognition (MICR) reader. The method comprises capturing a first image and first MICR waveform for the front side of the document, and capturing a second image and second MICR waveform for the rear side of the document. A forward recognition algorithm is applied to the first waveform to produce a first code line. A reverse recognition algorithm is applied to the second waveform to produce a second code line. The reverse recognition algorithm considers the second waveform as resulting from the document being read from the rear side of the document when processing the second waveform.
    Type: Grant
    Filed: January 16, 2007
    Date of Patent: September 20, 2011
    Assignee: Burroughs Payment Systems, Inc.
    Inventors: John C. Gudenburr, Michael J. Moore, William L. Kozlowski, Sammy C. Hutson
  • Patent number: 8010454
    Abstract: A system and method for processing paper check orders. The system comprises client storage capable of storing client information including data from previous paper check orders, suspect check order storage capable of storing suspicious order information including data associated with previous improper check orders, an order entry system for inputting order information having order parameters, and a programmable scoring system in communication with the client storage and the suspect order storage. The scoring system is capable of applying scoring rules to score paper check orders and the scoring rules are programmably adjustable for variable weights to the order parameters. The programmable scoring system is capable of comparing input order information to the client information and the suspicious order information and producing a score according to the scoring rules to determine check orders that require further investigation.
    Type: Grant
    Filed: July 19, 2010
    Date of Patent: August 30, 2011
    Assignee: Paper Payment Services LLC
    Inventors: Lisa Engel, Dianne Bellefeuille, Jeff F. Pust
  • Patent number: 8000514
    Abstract: The present invention relates to automated document processing and more particularly, to methods and systems for document image capture and processing using mobile devices. In accordance with various embodiments, methods and systems for document image capture on a mobile communication device are provided such that the image is optimized and enhanced for data extraction from the document as depicted. These methods and systems may comprise capturing an image of a document using a mobile communication device; transmitting the image to a server; and processing the image to create a bi-tonal image of the document for data extraction. Additionally, these methods and systems may comprise capturing a first image of a document using the mobile communication device; automatically detecting the document within the image; geometrically correcting the image; binarizing the image; correcting the orientation of the image; correcting the size of the image; and outputting the resulting image of the document.
    Type: Grant
    Filed: December 30, 2008
    Date of Patent: August 16, 2011
    Assignee: Mitek Systems, Inc.
    Inventors: Grigori Nepomniachtchi, James DeBello
  • Patent number: 7997478
    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 processing payment of the check has been completed and the check is valid based on a reading of the magnetic characters and 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 are 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: June 28, 2010
    Date of Patent: August 16, 2011
    Assignee: Seiko Epson Corporation
    Inventor: Sadao Murata
  • Patent number: 8001051
    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: August 16, 2011
    Assignee: United Services Automobile Association (USAA)
    Inventors: Arthur Quentin Smith, John Chandler Hopkins, III, Reynaldo Medina, III, Bradly Jay Billman
  • Patent number: 7996317
    Abstract: Embodiments of the invention describe an electronic method for processing stranded payments and lockbox payments at the same designated payment location. The method includes receiving a stranded payment at a non-designated payment location, and electronically scanning the stranded payment at the non-designated payment location. The scanned information is transmitted, in a secure manner, to a designated payment location remote from the non-designated payment location. The stranded payment and a lockbox payment are cleared, in the same electronic workflow, the transmitted information is used in the clearing process. Embodiments of the invention also include updating, for each stranded and lockbox payment, the accounts receivable system of the customer receiving the stranded or lockbox payment, and transmitting a response indicating the final status of the clearing of the stranded payment to the non-designated payment location.
    Type: Grant
    Filed: May 30, 2008
    Date of Patent: August 9, 2011
    Assignee: HSBC Bank USA, N.A.
    Inventor: Cheryl Gurz
  • Patent number: 7996316
    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: August 9, 2011
    Assignee: United Services Automobile Association
    Inventors: Arthur Quentin Smith, John Chandler Hopkins, III, Reynaldo Medina, III, Bradly Jay Billman
  • Patent number: 7996315
    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: August 9, 2011
    Assignee: United Services Automobile Association (USAA)
    Inventors: Arthur Quentin Smith, John Chandler Hopkins, III, Reynaldo Medina, III, Bradly Jay Billman
  • Patent number: 7992781
    Abstract: One embodiment of the invention is directed to a method comprising receiving an authorization request message for a transaction conducted by a consumer with a merchant, sending the authorization request message to an issuer, receiving an authorization response message, modifying the authorization response message using a server computer to include receipt preference data, wherein the receipt preference data is derived from receipt preferences of the consumer or the merchant, and sending the authorization response message comprising the receipt preference data to the merchant, wherein the merchant generates a receipt for the consumer according to the receipt preference data.
    Type: Grant
    Filed: November 23, 2010
    Date of Patent: August 9, 2011
    Assignee: Visa International Service Association
    Inventor: Ayman Hammad
  • Patent number: 7996314
    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: August 9, 2011
    Assignee: United Services Automobile Association (USAA)
    Inventors: Arthur Quentin Smith, John Chandler Hopkins, III, Reynaldo Medina, III, Bradly Jay Billman
  • Publication number: 20110191242
    Abstract: A system and method of check cashing at an ATM are provided. In some examples, the system and method may include receiving a check at an ATM that does not include denominations of bills and/or coins to cash the check. The amount of the check may be rounded up to an amount for which appropriate denominations are available and the difference between the amount of the check and the rounded up amount may be charged to an account of a user, such as checking account, savings account, credit card, and the like.
    Type: Application
    Filed: February 4, 2010
    Publication date: August 4, 2011
    Applicant: Bank of America Corporation
    Inventor: Morgan S. Allen
  • Patent number: 7988041
    Abstract: An automated banking machine operates to carry out financial transfers responsive to data read form data bearing records. The machine includes a card reader that operates to read data from user cards. The card data corresponds to financial accounts. The automated banking machine further includes a cash dispenser. The machine is operative to dispense cash to an authorized user based on identifying data including card data, and to cause a financial transfer from an account corresponding to card data through communication with at least one remote computer. The machine is operative to acquire data usable to configure a computer in the machine produce an audio signal including verbal information through the headphone port. The verbal information conveys the location of a user accessible portion of the at least one transaction function device.
    Type: Grant
    Filed: October 4, 2010
    Date of Patent: August 2, 2011
    Assignee: Diebold Self-Service Systems division of Diebold, Incorporated
    Inventors: Bruce Bowen, Lee Kravitz
  • Patent number: 7988039
    Abstract: A card activated cash dispensing automated banking machine is provided which is operative to authenticate firmware in at least one hardware device of the machine. The hardware device is operative to generate through operation of at least one processor in the at least one hardware device a firmware certificate responsive to the at least one measurement request message and the firmware content. The automated banking machine is operative to send a message from the automated banking machine to a host banking system responsive to the firmware certificate. The host banking machine may authenticate the message and send the automated banking machine an authorization message for performing a transaction function with the automated banking machine. Such a transaction function may include dispensing cash with a cash dispenser of the automated banking machine.
    Type: Grant
    Filed: December 17, 2007
    Date of Patent: August 2, 2011
    Assignee: Diebold Self-Service Systems division of Diebold, Incorporated
    Inventors: Erich Muschellack, Marcelo Soares de Castro, Luiz Alexandre Lopez de Oliveira
  • Publication number: 20110184868
    Abstract: Enhanced systems and methods for processing invoices, payments, and money transfers are described. One aspect of the invention is a computer-implemented method (and corresponding system and computer program product) for inviting an entity to open an account at a billing and payment system, the method comprising: issuing a check payable to the entity, wherein a checkbox for opening an account at the billing and payment system is printed on an endorsement section of the check along with a reference to additional information regarding additional information related to the account opening; receiving an image of the endorsement section of the check after the check is cleared; determining whether the checkbox is checked in the image; and responsive to a determination that the checkbox is checked, opening an account for the entity at the billing and payment system.
    Type: Application
    Filed: March 11, 2011
    Publication date: July 28, 2011
    Applicant: BILL.COM, INC.
    Inventors: René Lacerte, Mark Orttung, Eric Chan, Robert S. Lam
  • Patent number: 7984847
    Abstract: An automated banking machine operates responsive to data read from data bearing records, such as user cards that include financial account data. The machine operates to carry out transactions involving the accounts and generates records thereof. A plurality of cameras captures images associated with machine users, documents and/or events. Image data is stored and may be searched based on selection parameters.
    Type: Grant
    Filed: January 27, 2011
    Date of Patent: July 26, 2011
    Assignee: Diebold, Incorporated
    Inventors: Christopher J. Knouff, Ken Varn, Jeff Thomas, Jeffery M. Enright, Roy Hathaway
  • Patent number: 7983468
    Abstract: A method (and system) for extracting information from a document, includes segregating a set of documents from a plurality of documents based on a likelihood that at least one document in the set of documents carries an instance of a preset information.
    Type: Grant
    Filed: February 9, 2005
    Date of Patent: July 19, 2011
    Assignees: JP Morgan Chase Bank, International Business Machines Corporation
    Inventors: Tayo Ibikunle, Ehud Karnin, William A. Liberis, Tomasz J. Nowicki, Michael J. Reilly, Howard E. Sachar, Charles P. Tresser, Eugene Walach, David A. Weeshoff
  • Patent number: 7980458
    Abstract: There is provided an electronic wallet device including a holding section to hold a plurality of non-contact type IC cards, an external communication antenna to perform non-contact communication with an external unit, a card communication antenna to perform non-contact communication with the IC cards held in the holding section, a card selecting section to select at least one IC card by narrowing down candidates for an IC card to be used for communication with the external unit from the plurality of IC cards based on a plurality of different card selection criteria, and a communication control section to connect the selected IC card with the external unit via the external communication antenna and the card communication antenna so that the selected non-contact type IC card and the external unit communicate with each other.
    Type: Grant
    Filed: August 19, 2008
    Date of Patent: July 19, 2011
    Assignee: Sony Corporation
    Inventors: Takayasu Kon, Yasunori Kamada, Takashi Fukushima, Yoichiro Sako, Miki Abe, Masamichi Asukai, Taiji Ito, Akane Sano, Mitsuru Takehara
  • Patent number: 7980463
    Abstract: The present invention discloses a method and system for the verification of a cashier's check. The method and system involves a verification machine-readable code that can be verified online for authenticity and status. It can further be used to authorize payment.
    Type: Grant
    Filed: July 8, 2008
    Date of Patent: July 19, 2011
    Inventor: Howard C. Epstein
  • Patent number: 7979352
    Abstract: Centralized check image storage system. The present invention provides for sharing check images stored in a substantially centralized storage system between and/or among banks in support of the check collection process. In some embodiments, check images are received from the capture bank via a landing zone at the centralized storage facility. These images and information supporting the check collection process can be in the form of load file. A cross-reference file including information supporting the check clearing process such as unique handles identifying the check images is received from a paying bank, possibly also via a landing zone. Check images can be identified based on these unique handles, so that the check images can be made accessible to both the capture bank and the paying bank from the substantially centralized storage system.
    Type: Grant
    Filed: September 24, 2004
    Date of Patent: July 12, 2011
    Assignee: Viewpointe Archive Services, LLC
    Inventors: Patrick S. McMonagle, Douglas G. Smith, Richard L. Norman
  • Patent number: 7978900
    Abstract: The present invention relates to automated document processing and more particularly, to methods and systems for document image capture and processing using mobile devices. In accordance with various embodiments, methods and systems for document image capture on a mobile communication device are provided such that the image is optimized and enhanced for data extraction from the document as depicted. These methods and systems may comprise capturing an image of a document using a mobile communication device; submitting the image to a server; and processing the image to create a bi-tonal image of the document for data extraction. Additionally, these methods and systems may comprise capturing a first image of a document using the mobile communication device; automatically detecting the document within the image; geometrically correcting the image; binarizing the image; correcting the orientation of the image; correcting the size of the image; and outputting the resulting image of the document.
    Type: Grant
    Filed: December 30, 2008
    Date of Patent: July 12, 2011
    Assignee: Mitek Systems, Inc.
    Inventors: Grigori Nepomniachtchi, James DeBello
  • Publication number: 20110166971
    Abstract: A method and system for delivering paper paychecks electronically, such as web-link download or email attachment using internet. The Payroll processing companies receive the periodic payroll information of employees via fax, email or web-link upload from the employer and encoded that information into their payroll software for preparing the paychecks. The paychecks are then transformed into a rich text format, PDF or any other format like Microsoft Word which is widely and commonly used computer application and uploaded those transformed paychecks either at the designated web-link for download by the employers or attach them with the email for their printing by the employer on the blank preprinted checks. Extreme mobility of having paper paychecks electronically anywhere and controlling of payroll funds can be achieved by using this method.
    Type: Application
    Filed: January 4, 2010
    Publication date: July 7, 2011
    Inventor: Ashraf Ghazali
  • Patent number: 7974922
    Abstract: A computer-implemented system to track, process, and report exceptions arising from processing of electronic representations of checks and other financial documents.
    Type: Grant
    Filed: February 25, 2008
    Date of Patent: July 5, 2011
    Assignee: Wells Fargo Bank, N.A.
    Inventors: Alan W Hecht, Jr., Robert Scot Thomas, Ryan Sven Lindstrom
  • Patent number: 7974921
    Abstract: A system and method to produce and use new bank checks with magnetized strips (30) and/or storage chips (33) to avoid forging in the checks and to confirm immediately upon introducing them for negotiation, whether or not sufficient funds are available. The bank check system comprises issued bank checks whose front and rear faces carry imprinted visible data (11-21) and a magnetic strip (30) and/or storage chip (33) containing stored encoded data readable by a reader so it can be checked for conformity with the visible data (11-21) to detect any unauthorized alterations to the check. The visible data (11-21) and stored encoded data include an identification of a check (19), account, drawer (15) and bank (16). The new checks include checks with a maximum value, or a fixed value that is pre-paid and blocked in the drawer's account, and “ordinary” checks, enabling to check whether the checks to be paid with a sufficient blocked amount.
    Type: Grant
    Filed: November 21, 2000
    Date of Patent: July 5, 2011
    Inventor: Moosa Eisa Al Amri
  • Patent number: 7970706
    Abstract: A system mainframe receives a payee check file and a payor check file and produces an exception file including at least one exception item. A server receives the exception file and generates a Web file including information relating to the exception item and generates an address for the Web file. The server further sends an exception client an e-mail which notifies the exception client of the exception item and provides the exception client with the address for the Web file.
    Type: Grant
    Filed: March 15, 2001
    Date of Patent: June 28, 2011
    Assignee: JPMorgan Chase Bank, N.A.
    Inventor: Alexandra Keene
  • Patent number: 7966258
    Abstract: A system for expediting the deposit, settlement and submission into the payment system for collection of funds represented of commingled paper and electronic financial instruments that are received by a payee at a location remote from the payee's collecting and clearing bank in which the instruments are separated at a payer's location where and the separated instruments accompanied by cash letters are delivered into the payment system and the payments' deposit with the collecting and clearing bank is coordinated with the timing of a settlement of accounts in the payment system.
    Type: Grant
    Filed: March 30, 2009
    Date of Patent: June 21, 2011
    Assignee: Data Treasury Corporation
    Inventor: Terry L. Geer
  • Patent number: 7959069
    Abstract: Systems and methods for electronically processing accounts receivable (AR) check transactions via a location-base device associated with a merchant. The location-base device, such as a point-of-sale (POS) device, can be configured to perform various functions that facilitate processing of AR checks. Such functions may include improved user interface, an ability to handle a repetitive input parameter, an ability to handle multiple merchant identifiers, an ability to generate multiple receipt types, an ability to edit check transactions, an ability to manage throughput of the device, and an ability to allow scanning of different types of checks so as to allow subsequent processing of the scanned checks to be different based on the type of the check. The location-base device configured in one or more of the foregoing manner facilitates a check authorization process performed by a check processing service.
    Type: Grant
    Filed: November 7, 2007
    Date of Patent: June 14, 2011
    Assignee: First Data Corporation
    Inventors: Cheryl Phillips, David Smith
  • Patent number: 7962411
    Abstract: A user may generate a digital image of a negotiable instrument such as a check. The digital image may be transmitted to an institution in a digital image file for deposit of the check. After the user selects to submit the digital image file, the digital image file may be sent from a user computing device to the institution. The user computing device may be decoupled from the transaction once the submission of the digital image file for deposit of the check is made. The transaction is thereafter managed by the institution. Incomplete transactions are avoided by moving the transaction processing to the server side at the institution after the user submits the digital image file. This may be referred to as an atomic deposit transaction.
    Type: Grant
    Filed: September 30, 2008
    Date of Patent: June 14, 2011
    Assignee: United Services Automobile Association (USAA)
    Inventors: Bharat Prasad, Jeffrey N. Pollack
  • Patent number: 7962412
    Abstract: A check processing method involves capturing at a first compression rate certain portions of a received check, and evaluating, based on that captured image data, whether certain information of the check can be reproduced by image data at a second compression rate that is greater than the first compression rate. If so, then image data representing the subject portions of the check is captured at the second compression rate image data, stored, and used to electronically process a corresponding check payment transaction. If not, then a specific process is executed without using image data at the second compression rate. This processing step outputs a specific signal or stores image data containing representing the subject portions of the received check at the first compression rate. Such process may be embodied in a check processing apparatus and may be carried out in response to a program of instructions.
    Type: Grant
    Filed: July 23, 2009
    Date of Patent: June 14, 2011
    Assignee: Seiko Epson Corporation
    Inventors: Kunio Omura, Naoki Kobayashi
  • Patent number: 7954700
    Abstract: An apparatus for processing documents of value (12) has a checking device (52) for checking at least one property of a document of value (12) in accordance with at least one predetermined criterion with a sensor device (50), a storage-area housing (56) including a securable storage area in which documents of value (12) recognized as authentic are storable, and has a first opening (54; 88) through which the documents of value (12) can be transported from the processing area (28) to the storage area, a transport device (42) for the singled transport of documents of value (12) along a transport path (48) to the checking device (52) and from there to the storage area, and a processing-area cover (32; 128) has a cover element (36; 128) which can be moved between a close position, in which the processing area (28) is covered by the processing-area cover (32; 128), and an open position, in which an operator is enabled to access the transport path (48).
    Type: Grant
    Filed: June 21, 2007
    Date of Patent: June 7, 2011
    Assignee: Giesecke & Devrient GmbH
    Inventor: Michael Stapfer
  • Patent number: 7958053
    Abstract: A system and method for extending a firm offer of credit contingent upon receiving a one-time authorization to execute recurring automatic withdrawals from a deposit account is provided. In providing the one-time authorization to execute recurring automatic withdrawals, a prospective borrower may elect from a plurality of automatic withdrawal repayment options. One such option is electronic fund transfer, such as the initiation of a withdrawal entry into the Automated Clearing House network. A second option is by the remote creation of a paper negotiable instrument, which is then converted into an electronic substitute check capable of electronic routing. Upon receiving the one-time authorization, the lender may make recurring automatic withdrawals from the borrower's deposit account.
    Type: Grant
    Filed: May 2, 2006
    Date of Patent: June 7, 2011
    Assignee: CompuCredit Intellectual Property Holdings Corp. II
    Inventor: Brian Stone
  • Patent number: 7953268
    Abstract: The present invention relates to automated document processing and more particularly, to methods and systems for document image capture and processing using mobile devices. In accordance with various embodiments, methods and systems for document image capture on a mobile communication device are provided such that the image is optimized and enhanced for data extraction from the document as depicted. These methods and systems may comprise capturing an image of a document using a mobile communication device; transmitting the image to a server; and processing the image to create a bi-tonal image of the document for data extraction. Additionally, these methods and systems may comprise capturing a first image of a document using the mobile communication device; automatically detecting the document within the image; geometrically correcting the image; binarizing the image; correcting the orientation of the image; correcting the size of the image; and outputting the resulting image of the document.
    Type: Grant
    Filed: December 30, 2008
    Date of Patent: May 31, 2011
    Assignee: Mitek Systems, Inc.
    Inventor: Grigori Nepomniachtchi
  • Patent number: 7953658
    Abstract: A method, system, and computer are disclosed for managing a financial transaction associated with a financial account, wherein the transaction would cause an outstanding balance of the financial account to exceed a credit limit. The method comprises determining a merchant type for a merchant which is a party to the transaction. A merchant credit risk associated with the determined merchant type is determined. The merchant credit risk is compared to a threshold value defining an acceptable credit risk. The transaction is approved based on the comparison of the merchant credit risk with the threshold value.
    Type: Grant
    Filed: April 15, 2008
    Date of Patent: May 31, 2011
    Assignee: Capital One Financial Corporation
    Inventors: Kevin Huennekens, Haicheng Li, Martin Poteralski, Jeffrey Marshall, Marc Solomon
  • Patent number: 7949603
    Abstract: In one embodiment, an online financial account has an associated telephone registered to the account. The financial account may be accessed over a computer network, such as the Internet. Upon receipt of a request to access the account, a text message containing a dynamic password is forwarded to the telephone over a telephone network. The user trying to access the account may use the telephone to reply to the text message with another text message that includes the dynamic password. The request to access the account may be granted if the reply includes a portion that corresponds to the dynamic password.
    Type: Grant
    Filed: May 23, 2006
    Date of Patent: May 24, 2011
    Assignee: Trend Micro Incorporated
    Inventors: Guangqi Cao, Xiang Yuan, Yi Zhou
  • Patent number: 7949176
    Abstract: The present invention relates to automated document processing and more particularly, to methods and systems for document image capture and processing using mobile devices. In accordance with various embodiments, methods and systems for document image capture on a mobile communication device are provided such that the image is optimized and enhanced for data extraction from the document as depicted. These methods and systems may comprise capturing an image of a document using a mobile communication device; transmitting the image to a server; and processing the image to create a bi-tonal image of the document for data extraction. Additionally, these methods and systems may comprise capturing a first image of a document using the mobile communication device; automatically detecting the document within the image; geometrically correcting the image; binarizing the image; correcting the orientation of the image; correcting the size of the image; and outputting the resulting image of the document.
    Type: Grant
    Filed: December 30, 2008
    Date of Patent: May 24, 2011
    Assignee: Mitek Systems, Inc.
    Inventor: Grigori Nepomniachtchi
  • Patent number: 7949598
    Abstract: A system for generating a display of at least one side of a market includes a computer system having one or more computers. The displayed side of the market includes one or more offers from one or more market participants. Each offer includes an offered price and an offered quantity. The computer system receives market data reflecting the one or more offers and generates a display of the received market data. The display includes a price axis, a quantity axis, and one or more offer bars. Each offer bar represents one or more offers including equal offered prices. Placement of an offer bar along the price axis represents the equal offered prices for the one or more offers represented by the offer bar. The height of an offer bar relative to the quantity axis represents the aggregate offered quantity for the one or more offers represented by the offer bar.
    Type: Grant
    Filed: July 22, 2009
    Date of Patent: May 24, 2011
    Assignee: i2 Technologies US, Inc.
    Inventor: Manoel Tenorio
  • Patent number: 7942313
    Abstract: A cash dispensing automated banking machine actuated by user cards is in operative connection with a system usable to capture images related to activity that is conducted at or adjacent to the machine. The automated banking machine is positioned at a banking facility including a vault and an entrance. A plurality of cameras are positioned at the facility. Images captured may be analyzed at the bank facility or the remote monitoring center. The monitoring center may operate to assure that employees of the bank facility or others can safely access and/or leave the bank facility.
    Type: Grant
    Filed: July 6, 2007
    Date of Patent: May 17, 2011
    Assignee: Diebold, Incorporated
    Inventors: Jacqueline Grimm, Mike Jones, Dane Davisson, Jeffery M. Enright
  • Patent number: 7942314
    Abstract: A cash dispensing automated banking machine actuated by user cards is in operative connection with a system usable to capture images related to activity that is conducted at or adjacent to the machine. The automated banking machine is positioned at a banking facility including a vault and an entrance. A plurality of cameras are positioned at the facility. Images captured may be analyzed at the bank facility or the remote monitoring center. The monitoring center may operate to assure that employees of the bank facility or others can safely access and/or leave the bank facility.
    Type: Grant
    Filed: July 6, 2007
    Date of Patent: May 17, 2011
    Assignee: Diebold, Incoporated
    Inventors: Jacqueline Grimm, Mike Jones, Dane Davisson, Jeffery M. Enright
  • Publication number: 20110112967
    Abstract: A system includes one or more remote check deposit locations, and one or more treasury receipt servers to receive check information captured from the one or more remote check deposit locations, and to receive transaction data from an originating depository financial institution (ODFI), the transaction data including an amount of funds available from clearing the captured check information
    Type: Application
    Filed: January 19, 2011
    Publication date: May 12, 2011
    Applicant: METROPOLITAN LIFE INSURANCE, CO.
    Inventors: Don ANDERSON, Ana McDONALD, Cheryl WEITMAN, Jacquelene SAVAGE
  • Patent number: 7941368
    Abstract: A method for electronic transaction settlement includes a customer providing an account identifier and contact information to a merchant, the merchant contacting a settlement house and transmitting the account identifier and a transaction amount, the settlement house contacting the customer, preferably via a mobile communication device. The customer then chooses a payment method such as a credit card and the settlement house contacts a credit provider for authorization. If the settlement house receives an authorization, the settlement house transmits it to the client, who approves the amount. The settlement house then completes the transaction with the credit provider and the merchant's bank.
    Type: Grant
    Filed: May 8, 2001
    Date of Patent: May 10, 2011
    Assignee: Advent IP LLC
    Inventors: Jerry Shaw-Yau Chang, Matthew Chiang, David Holmes-Kinsella
  • Patent number: 7940979
    Abstract: A method includes receiving a request for a first check image and a second check image. The request includes a first identifier associated with the first check image and a second identifier associated with the second check image. The method further includes retrieving the first check image using the first identifier. The method also includes retrieving the second check image using the second identifier. The method further includes transmitting the first check image and the second check image in response to the request.
    Type: Grant
    Filed: September 28, 2007
    Date of Patent: May 10, 2011
    Assignee: Bank of America Corporation
    Inventors: James Ronca, Garrett C. Briggs
  • Patent number: 7941373
    Abstract: An electronic communication system associated with a settlement house for settling an electronic transaction between a customer and a merchant. The communication system is configured to receive through a first electronic communication path a first account identifier of a first account associated with the customer and a transaction amount from the merchant, contact the customer through a second electronic communication path to allow the customer to select a payment method, and send through a third electronic communication path the transaction amount and a second account identifier of a second account associated with the customer to a financial services provider associated with the payment method.
    Type: Grant
    Filed: January 4, 2011
    Date of Patent: May 10, 2011
    Assignee: Advent IP LLC
    Inventors: Jerry Shaw-Yau Chang, Matthew Chiang, David Holmes-Kinsella
  • Patent number: 7937307
    Abstract: A system and method for performing Electronic Check Presentment (ECP) processing. The system and method employ digital imaging techniques to digitally image the physical checks as they arrive subsequent to posting of the ECP items. The images are electronically linked to the data records that represent the checks. During the proofing process, in which the data records for the ECP items are validated against the data records for the physical items, the records are updated such that the posting date and ISN number for the data records for the physical items reflect the posting date and ISN number of the ECP items. As the digital image of the check is electronically linked to the data records, the image is thus carries the posting date and ISN of the ECP item.
    Type: Grant
    Filed: August 10, 2009
    Date of Patent: May 3, 2011
    Assignee: JPMorgan Chase Bank, N.A.
    Inventors: Tom Vicknair, Sam Beard, Richard Norman, Mark Riggleman, Max Roycroft, Dick Feagin, Cliff Day, Paul Fielding
  • Patent number: 7933833
    Abstract: A method and apparatus for rapidly and remotely providing temporary credit to a borrower is provided. In one embodiment, a lender uses as one criterion in approving the temporary credit a minimum number of deposits within a predetermined deposit verification time. Upon receipt of a request for credit, which may come either from a prospective borrower or from a merchant upon denial of credit to the prospective borrower, a lender queries a deposit account to determine whether a predetermined minimum number of deposits has been made within a predetermined deposit verification time. The lender may also determine whether each of the deposits exceeds a minimum deposit amount. Where approved, the lender is able to rapidly dispense funds for use by the borrower. In one embodiment, the lender makes these funds available via a pre-paid credit card. The lender is then able to collect principal and interest through electronic withdrawals.
    Type: Grant
    Filed: August 31, 2006
    Date of Patent: April 26, 2011
    Assignee: Compucredit Intellectual Property Holdings Corp. II
    Inventors: Stephen Hotz, Jennifer Kelly, Krishnamoorthy Srinivasan, Ajay Kumar Jindia
  • Patent number: RE42820
    Abstract: According to the present invention, a business is issued a deposit card readable on a debit card reader enabling the business to transmit deposit information to its bank or financial institution for crediting rather than debiting of its account. More particularly, a method is provided for facilitating bank deposits for a business having a debit card reader configured to send deposit information to a bank at which the business maintains at least one account. The method comprises the steps of: (i) compiling deposit information concerning cash and negotiable instruments to be deposited in the account; (ii) transmitting the deposit information to the bank via the debit card reader; (iii) consolidating the cash and negotiable instruments into a deposit package; (iv) labelling the deposit package to link it to the deposit information in step (ii); and, (v) delivering the deposit package from step (iv) to the bank.
    Type: Grant
    Filed: October 7, 2009
    Date of Patent: October 11, 2011
    Inventor: Richard Vallance