With Paper Check Handling Patents (Class 705/45)
  • Publication number: 20090310188
    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: Application
    Filed: August 19, 2009
    Publication date: December 17, 2009
    Applicant: Cummins-Allison Corp.
    Inventors: John E. Jones, William J. Jones, Douglas U. Mennie, Paul A. Jones
  • Patent number: 7634437
    Abstract: A system and method are provided for presenting trading information. One example method includes displaying a plurality of effective trade indicators corresponding to price levels at which effective trades have been initiated, and displaying trading information corresponding to each effective trade. The effective trades can be determined based on user-configured trade definitions. The trading information can include a traded quantity and profit/loss corresponding to each effective trade. In addition to the trading information, current market information could be displayed as well in relation to the plurality of effective trades.
    Type: Grant
    Filed: March 31, 2005
    Date of Patent: December 15, 2009
    Assignee: Trading Technologies International, Inc.
    Inventor: Alvin F. Tanpoco
  • Publication number: 20090307136
    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, 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 system and method further provides for sorting exceptions according to transaction type (ACH eligible versus ACH-ineligible) and prioritizing the further processing of the exceptions based on transaction type.
    Type: Application
    Filed: April 28, 2009
    Publication date: December 10, 2009
    Inventor: Kari Hawkins
  • Patent number: 7630939
    Abstract: The present invention relates to a cashless transaction processing system and method for locally authorizing cashless payment transactions at a payment module. Locally authorizing transactions can include utilizing locally stored databases and other authorization criteria or rules to validate or approve a plurality of payment identification data presented by a user, wherein the plurality of payment identification data presented by the user is intended to be utilized to effectuate payment for vended goods and services. In addition, the cashless transaction payment module system is scalable and configurable to include interfaces for vending equipment monitoring and control capabilities, interfaces for a card reader device and other payment interfaces, an interactive interface and protocol for interconnecting the system to a computing platform, and support for a plurality of communication options that include wired, point-to-point wireless, and wireless networking including LAN/WAN/WCDMA/CDMA/CDPD/2G/2.
    Type: Grant
    Filed: April 8, 2002
    Date of Patent: December 8, 2009
    Assignee: USA Technologies, Inc.
    Inventor: H. Brock Kolls
  • Publication number: 20090299883
    Abstract: A stored value card and system provides a stored value card issued in the name of a cardholder and with an account associated with an issuer and a legal account holder. The legal account holder is initially a person or entity other than the cardholder. The legal account holder manages the account and is authorized to add funds to the account and the cardholder is authorized to use the funds in the account. As the account is being used, and account data is changing, the account data is compared to a plurality of triggering criteria. When a predetermined number of the triggering criteria are satisfied, the nature of the account is changed and the cardholder becomes the legal account holder who then manages and owns the funds in the account.
    Type: Application
    Filed: May 28, 2009
    Publication date: December 3, 2009
    Inventors: David Ross Baumgartner, IV, Virgil McDowell Mathias, JR.
  • Patent number: 7627525
    Abstract: Automated methods for processing a cash advance and/or a check cashing transaction using an ATM entail obtaining identification information for a user; producing an image of each side of an original check for the transaction; accessing a database of financial transactions to determine if the transaction has an unacceptable risk; voiding the original check and returning the voided check to the user; producing a cash (debit) card and corresponding account for a principal amount for the user; and communicating the image of each side of the original check to a settlement service provider via a communications network on a maturity date.
    Type: Grant
    Filed: August 18, 2006
    Date of Patent: December 1, 2009
    Inventor: Andrew Williams
  • Patent number: 7624071
    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: September 15, 2008
    Date of Patent: November 24, 2009
    Assignee: Netdeposit, LLC
    Inventors: Danne L. Buchanan, William Ronald Titus
  • Patent number: 7620604
    Abstract: A user or a device may separate a check into two or more portions prior to generating a digital image of the check for remote deposit of the check. The user or a device may separate the check by cutting or tearing the check. After separating the check into the portions, the user may generate a digital image of the portions of the check using a scanner for example. The digital image may be transmitted to an institution for deposit of the check. The institution may retrieve the images of the portions of the check and generate an image of the check based on the portions, by combining the images of the portions for example. The image of the check that may be generated based on the images of the portions may be processed for deposit.
    Type: Grant
    Filed: September 2, 2008
    Date of Patent: November 17, 2009
    Assignee: United Services Automobile Association (USAA)
    Inventor: Michael Patrick Bueche, Jr.
  • Patent number: 7620231
    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 5, 2005
    Date of Patent: November 17, 2009
    Assignee: Cummins-Allison Corp.
    Inventors: John E. Jones, William J. Jones, Douglas U. Mennie, Paul A. Jones
  • Publication number: 20090276358
    Abstract: An improved method, apparatus, and computer implemented instructions for processing a check in an automatic teller machine in a data processing system. A check is received from a user at the automatic teller machine. The check is scanned to generate an image. A transaction is performed involving the check. The image is transmitted to a mobile device associated with the user, wherein the image is in a format for use with a financial program.
    Type: Application
    Filed: May 18, 2009
    Publication date: November 5, 2009
    Applicant: International Business Machines Corporation
    Inventors: Rabindranath Dutta, Dwip N. Banerjee
  • Patent number: 7611046
    Abstract: Systems and methods are provided for using a point of sale device to obtain authorization from a customer to convert the customer's promissory transaction to a direct debit transaction. In an embodiment, the point-of-sale device prints an authorization form for the customer's signature.
    Type: Grant
    Filed: May 11, 2007
    Date of Patent: November 3, 2009
    Assignee: First Data Corporation
    Inventors: Daniel R. Ahles, Lara Carsley Redmon
  • Patent number: 7613658
    Abstract: A reloadable debit card system includes an issuing institution whereat a main account is set up and multiple sub-accounts are established thereunder. Each sub-account corresponds to a respective cardholder. The sub-accounts are established and debit cards are printed with respective sub-account numbers prior to distributing the cards to an 80 POS distribution network. The cards are purchased from the POS member establishments for predetermined incremental values. Value can be added to such cards in such increments. A reloadable debit card method includes the steps of establishing a main account at an issuing institution and establishing sub-accounts thereunder. Multiple debit cards are printed with the respective sub-account numbers. The cards are then distributed to POS establishments for sale to cardholders, resulting in credits to the sub-accounts. Goods and services can be purchased with the cards whereupon the sub-accounts are debited.
    Type: Grant
    Filed: September 25, 2006
    Date of Patent: November 3, 2009
    Assignees: First Data Corporation, The Western Union Company
    Inventor: Adam Coyle
  • Patent number: 7607574
    Abstract: A transaction card package assembly comprising a transaction card and a card holder, wherein the package assembly further comprises at least three unique identifiers thereon such that the transaction card may be activated at a point of sale by either a one-step or two-step activation process.
    Type: Grant
    Filed: April 28, 2006
    Date of Patent: October 27, 2009
    Assignee: Blackhawk Network, Inc.
    Inventors: Donald Kingsborough, Talbott Roche, Amie Petersen
  • Publication number: 20090263004
    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, 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 system and method further provides for sorting exceptions according to transaction type (ACH eligible versus ACH-ineligible) and prioritizing the further processing of the exceptions based on transaction type.
    Type: Application
    Filed: February 26, 2009
    Publication date: October 22, 2009
    Inventors: Kari Hawkins, Scott R. Reid
  • Patent number: 7606408
    Abstract: A magnetic ink character reading apparatus, magnetic ink character reading method and program, and a POS terminal apparatus reduce recognition errors and thereby improve the read rate. The magnetic ink character reading apparatus reads a text string of magnetic ink characters using both a magnetic reading mechanism and optical reading mechanism to obtain magnetic ink character recognition (MICR) results and optical character recognition (OCR) results, which are compared. The OCR process is repeated if the results differ. The positions of the read character blocks are compared to find character blocks that are offset perpendicularly to the base line of the magnetic ink characters, and the OCR process is repeated. The area to which the OCR process is applied again is near the position of the offset character block corrected in the direction perpendicular to the line of magnetic ink characters to be in line with the character blocks for which the MICR result and OCR result were the same.
    Type: Grant
    Filed: June 20, 2005
    Date of Patent: October 20, 2009
    Assignee: Seiko Epson Corporation
    Inventor: Yuji Takiguchi
  • Patent number: 7602956
    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 1, 2005
    Date of Patent: October 13, 2009
    Assignee: Cummins-Allison Corp.
    Inventors: John E. Jones, William J. Jones, Douglas U. Mennie, Paul A. Jones
  • Publication number: 20090254447
    Abstract: Methods for the selection, purchase and shipping of items offered for sale. Said methods are enabled by computer software modules that allow a consumer to: (1) pay for items sold through an e-commerce website by using check and cash payment methods; (2) specify a future payment date and a future shipping date for a designated transaction with an e-commerce vendor; (3) specify a price at which the consumer is willing to purchase a particular item offered through an e-commerce website, after which the website crawls the Internet and automatically purchases the item and/or notifies the consumer if the item is found at or below the specified price; (4) arrange a customized installment payment schedule for purchasing items through an e-commerce website; and (5) create and manage a gift registry with an e-commerce vendor with a great degree of flexibility.
    Type: Application
    Filed: April 6, 2009
    Publication date: October 8, 2009
    Applicant: Global Launch Incorporated
    Inventor: Rusty A. Blades
  • Patent number: 7599868
    Abstract: A system and method are provided for presenting trading information. One example method includes displaying a plurality of effective trade indicators corresponding to price levels at which effective trades have been initiated, and displaying trading information corresponding to each effective trade. The effective trades can be determined based on user-configured trade definitions. The trading information can include a traded quantity and profit/loss corresponding to each effective trade. In addition to the trading information, current market information could be displayed as well in relation to the plurality of effective trades.
    Type: Grant
    Filed: May 1, 2006
    Date of Patent: October 6, 2009
    Assignee: Trading Technologies International, Inc.
    Inventor: Alvin F. Tanpoco
  • Patent number: 7599888
    Abstract: A method for processing a check transaction includes receiving transaction information that is transmitted by a terminal; determining eligibility of the transaction for payment via a bank account; providing an electronic authorization response that is transmitted to the terminal, the authorization response including a unique transaction identifier if the transaction is eligible for payment via the bank account; and receiving an electronic response packet that is transmitted by the terminal if the transaction is eligible for payment via the bank account, the response packet including the unique transaction identifier and a transaction decision regarding payment via the bank account.
    Type: Grant
    Filed: November 14, 2001
    Date of Patent: October 6, 2009
    Assignee: First Data Corporation
    Inventors: Mario P. Manfre, Christopher A. Schmid
  • Patent number: 7599543
    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 8, 2005
    Date of Patent: October 6, 2009
    Assignee: Cummins-Allison Corp.
    Inventors: John E. Jones, William J. Jones, Douglas U. Mennie, Paul A. Jones
  • Patent number: 7594602
    Abstract: A check is printed on a generic form that does not include a pre-printed account number (e.g., a blank sheet of paper). In response to detecting a request for check printing on the generic form, fraud prevention techniques are performed to ensure validity of the printed check.
    Type: Grant
    Filed: March 13, 2006
    Date of Patent: September 29, 2009
    Assignee: Intuit Inc.
    Inventor: Terry Hicks
  • Publication number: 20090236413
    Abstract: Accommodating the data needed to process checks for payment under the Check Clearing for the 21st Century Act by using expanded fields of a financial data file. The financial data file can comprise the complete, original MICR data from an original or substitute paper check. The financial data file can comprise truncated data in conventional fields F1-F7 and untruncated data in expanded fields F10-F1 . The financial data file further can comprise a result from an image quality analysis performed on an electronic image of the check. The untruncated MICR data and the electronic check image can be used to correct errors in the financial data file and to present the check for payment via a substitute check or an electronic image cash letter. The truncated MICR data can be used to electronically process the check via conventional means.
    Type: Application
    Filed: June 5, 2009
    Publication date: September 24, 2009
    Applicants: Fedral Reserve Bank of Atlanta, Federal Reserve Bank of Cleveland, Federal Reserve Bank of Dallas, Federal Reserve Bank of Kansas City
    Inventors: Randall Lee Mueller, Thomas Edwin Schaadt, V. Srinivas Nori, Steven Q. Purser, Pablo Gonzales, Bruce D. Herring, James A. Blake
  • Patent number: 7590275
    Abstract: A system and method of recognizing characters in a captured image, includes selecting a portion of the image encompassing a string of characters in the captured image to be recognized. The selected portion is examined to identify segments that potentially include the characters of the string. During the examining multiple tests on pixels in the selected portion are performed. The identified segments are then examined to recognize the string of characters.
    Type: Grant
    Filed: August 26, 2004
    Date of Patent: September 15, 2009
    Assignee: Seiko Epson Corporation
    Inventors: Ian Clarke, Hui Zhou, Jeffrey Matthew Achong
  • Patent number: 7584125
    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: December 1, 2000
    Date of Patent: September 1, 2009
    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: 7584148
    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: November 13, 2002
    Date of Patent: September 1, 2009
    Assignee: Seiko Epson Corporation
    Inventors: Kunio Omura, Naoki Kobayashi
  • Patent number: 7577614
    Abstract: An automated banking machine system and method includes ATMs which accept checks and dispense cash to users. The ATMs are operated to acquire image and magnetic data from deposited checks to determine the genuineness of checks and the authority of a user to receive cash for such checks. Cash is then dispensed to the user from the ATM in exchange for the deposited check. The ATMs dispense cash responsive to communications with a transaction host. The transaction host provides transaction identifying data to the ATM. The ATM sends the transaction identifying data and check images to an image and transaction data server for processing.
    Type: Grant
    Filed: January 19, 2005
    Date of Patent: August 18, 2009
    Assignee: Diebold, Incorporated
    Inventors: Wayne Warren, Victor Bell, William McCarthy, Matthew Pahl, Martin J. Brown, Dale H. Blackson, Todd Galloway, Robert W. Barnett, Mike Ryan, James R. Kay, Mark A. Ward, David A. Peters, Tim Crews
  • Publication number: 20090204540
    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: Application
    Filed: September 12, 2008
    Publication date: August 13, 2009
    Inventors: Kari Hawkins, Scott Reid
  • Publication number: 20090192833
    Abstract: A system and method refund a current value of an event ticket to a user. The ticket is purchased from a ticket issuer and out of a pool of tickets. Information associated with the event ticket is obtained from a physical event ticket provided by a user to a kiosk. Ticket information is provided to at least one of: the ticket issuer, an event coordinator, venue owner, a third party or to the Internet via a query. In response, these sources return information associated with the event for which the event ticket was purchased. Subsequently, the kiosk calculates a current value for the event ticket based on at least one of the ticket information and event information. The current value is refunded to the user of the kiosk and the ticket issuer returns the ticket to the pool of available tickets.
    Type: Application
    Filed: January 28, 2008
    Publication date: July 30, 2009
    Inventor: RANDY MERSKY
  • Publication number: 20090182665
    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: Application
    Filed: December 20, 2008
    Publication date: July 16, 2009
    Inventors: Scott R. Reid, Kari Hawkins
  • Publication number: 20090182666
    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: Application
    Filed: March 30, 2009
    Publication date: July 16, 2009
    Applicant: DataTreasury Corporation
    Inventor: Terry L. GEER
  • Publication number: 20090182672
    Abstract: A system and method for identifying and validating indicia representative of at least one of a document and a transaction and a set of data by an originating party involves at least one of a document and a transaction and a set of data having at least one information item original to the at least one of a document and a transaction and a set of data. An identifier representative of the at least one information item original to the at least one of a document and a transaction and a set of data is generated. The integrity of the integrity of the at least one of a document and a transaction and a set of data is validated by using the identifier to determine whether at least one information item of the at least one of a document and a transaction and a set of data has not been altered from the at least one information item original to the at least one of a document and a transaction and a set of data.
    Type: Application
    Filed: January 9, 2009
    Publication date: July 16, 2009
    Inventor: Paul F. Doyle
  • Patent number: 7555462
    Abstract: An improved method, apparatus, and computer implemented instructions for processing a check in an automatic teller machine in a data processing system. A check is received from a user at the automatic teller machine. The check is scanned to generate an image. A transaction is performed involving the check. The image is transmitted to a mobile device associated with the user, wherein the image is in a format for use with a financial program.
    Type: Grant
    Filed: April 12, 2001
    Date of Patent: June 30, 2009
    Assignee: International Business Machines Corporation
    Inventors: Rabindranath Dutta, Dwip N. Banerjee
  • Publication number: 20090164372
    Abstract: A method is provided of operating a self-service check depositing terminal. The method comprises the steps of receiving a user identification (ID) card from a depositor at the self-service check depositing terminal, reading ID data from the user ID card, sending the ID data to a consolidation server of a first financial institution to allow the first financial institution to process the ID data, and receiving from the first financial institution a first message containing a first Uniform Resource Locator (URL) which (i) is associated with a consolidation server of a second financial institution which is different from the first financial institution and (ii) is based upon the ID data which has been processed at the first financial institution.
    Type: Application
    Filed: December 20, 2007
    Publication date: June 25, 2009
    Inventors: Christopher M. Dell, Stephen C. Gawne, Michael Ancell
  • Publication number: 20090164374
    Abstract: Various embodiments are directed to third-party payment services including the ability to arrange and pay for goods or services with a printed paper check using facilities hosted by the third-party payment service. In one embodiment, a third-party payment services system may be arranged to provide access to a third-party payment account linked to a source of funds for the third-party payment account. The third-party payment services system may receive a request to transfer funds from the third-party payment account to a recipient using a printed check and may receive a use limitation for the check. A unique number to be printed on the check may be derived and associated with the third-party payment account. A payment request for the check may be verified using the unique number when use limitations for the check have been observed. Other embodiments are described and claimed.
    Type: Application
    Filed: December 21, 2007
    Publication date: June 25, 2009
    Applicant: EBAY INC.
    Inventor: Vishwanath Shastry
  • Patent number: 7550736
    Abstract: Ultraviolet light is used for checking the authenticity of sheet material, in particular bank notes, whereby the ultraviolet light transmitted, i.e., pervading the sheet material to be checked, is used for checking authenticity.
    Type: Grant
    Filed: April 8, 2008
    Date of Patent: June 23, 2009
    Assignee: Giesecke & Devrient GmbH
    Inventors: Lothar Schuett, Hans-Uwe Richter
  • Patent number: 7546261
    Abstract: The present invention provides various features for extracting a user's bank account information for use in facilitating the electronic transfer of funds to or from the user's bank account. One feature of the invention involves a method and system for extracting a bank routing number from character strings provided by a user from the face of a bank check. The method involves receiving from the user a magnetic ink character recognition (MICR) line. A contiguous string of characters within the MICR line that satisfies a checksum test is stored as the bank routing number for the user. A check number and an account number may also be received from the user. A test is performed to verify that the check number, the account number, and the bank routing number all coexist within the MICR line. Another feature of the invention involves a method and system for facilitating the transfer of funds between a buyer and a seller. A bank routing number is determined for the seller as noted above.
    Type: Grant
    Filed: July 2, 2004
    Date of Patent: June 9, 2009
    Assignee: Amazon Technologies, Inc.
    Inventors: Matthew T. Bogosian, Nicholas K. Peddy, FuMing Young
  • Patent number: 7537153
    Abstract: A method of electronically managing payment media, includes the steps of: (i) determining an amount of payment media dispensed from a payment media dispensing device, based on electronic point-of-sale data received from a point-of-sale register associated with the payment media dispensing device; and (ii) determining an inventory amount of the payment media remaining in the payment media dispensing device based on the determined amount of payment media dispensed from the payment media dispensing device. A computer program product can store a computer executable program that includes instructions to cause a controller of a transactions processing system to perform the above steps.
    Type: Grant
    Filed: April 29, 2005
    Date of Patent: May 26, 2009
    Assignee: De La Rue International, Limited
    Inventors: Harlan A Hurwitz, James H Halpin, Robert M Pickles, Jr., Daniel Wobser, Corneliu C Chirnoaga, Mark Ladwig, Steven Antonelli, Darren Taylor
  • Publication number: 20090125402
    Abstract: The present invention provides a system for implementing a loyalty program on a network-wide level. The system associates UPC and SKU data on a network level to reward consumers and/or to analyze the data for a variety of business purposes, such as market segmentation analyses and/or analyses relating to consumer spending behaviors or patterns for example. In accordance with one aspect of the invention, the association of UPC and SKU data by the system facilitates implementation of an incentive or loyalty program by providing a universal rewards currency. This universal rewards currency may be “spent” by participants who have earned rewards and accepted by the other participants in the multi-tiered network created by the system. The network may comprise any number of participants, including consumers, retailers (and any of their employees), manufacturers, third-party providers, and the like.
    Type: Application
    Filed: January 15, 2009
    Publication date: May 14, 2009
    Applicant: American Express Travel Related Services Company, Inc.
    Inventors: Theodore S. Voltmer, Fauziah B. Ariff
  • Patent number: 7529709
    Abstract: A system and method of facilitating a transfer of a refund amount from an educational institution to a student. A refund controller receives from an educational institution a request for authorization of an instant paper check of a payment amount equal to at least a portion of a total refund amount associated with the student of the educational institution student. The refund controller verifies the payment amount is equal to or less than an amount of funds available to the student and transfers funds equal to the payment amount to an instant issuance account. The refund controller authorizes the educational institution to issue an instant paper check for the payment amount to the student. The instant paper check draws from the instant issuance account.
    Type: Grant
    Filed: August 1, 2007
    Date of Patent: May 5, 2009
    Assignee: Higher One, Inc.
    Inventors: Mark T. Volchek, Miles H. Lasater, Stephen P. Fitzgerald, Sean P. Glass, Dean W. Hatton, Earnest C. Jones, Casey M. McGuane
  • Patent number: 7526117
    Abstract: A method of enabling remote deposit of checks includes receiving at a second site a plurality of check images and a plurality of entered dollar amounts, wherein the check images were generated at the depositor site by scanning the checks and the entered dollar amounts were manually entered at the depositor site. Each of the entered dollar amounts correspond to a respective one of the check images. The check dollar amounts are read from the check images at the second site using character recognition, and certain of the entered dollar amounts are used as hints to improve the accuracy of the character recognition. The enhanced character recognition results are provided to the depository bank along with the check images to enable the checks to be deposited in the depositor's account.
    Type: Grant
    Filed: October 17, 2005
    Date of Patent: April 28, 2009
    Assignee: Pitney Bowes Inc.
    Inventors: Thomas J Foth, Jeffrey D Pierce, Hillary Carey-Steckbauer
  • Patent number: 7523857
    Abstract: An automated banking machine operates in response to data read from user cards and dispenses cash to authorized users. The machine includes at least one processor which controls various banking machine devices and operates the machine in response to inputs by customers. A sensor is in operative connection with a gate that controls access through a currency dispensing opening. The at least one processor operates to analyze signals from the sensor and to determine if the gate movement corresponds to a suspect condition. If the at least one processor determines that there is a suspect condition, the machine executes one or more protective actions to minimize the risk of improper activity.
    Type: Grant
    Filed: March 17, 2008
    Date of Patent: April 28, 2009
    Assignee: Diebold Self-Service Systems division of Diebold, Incorporated
    Inventor: H. Thomas Graef
  • Publication number: 20090106154
    Abstract: The remote deposit gateway is a payment management system designed to capture many types of payments and provide basic management tools for tracking and researching these payments. Payment capture of check images are used for Check 21 Act processing. Recurring checks allow scanned checks to be used on a recurring payment plan. Credit card payments can be entered for single or recurring payments. Management of returns and special notes for each item are allowed in the system. Batching of payments and checking sums is a feature of the system. The system employs a smart calendar program to track processing chronologically. Use of the system speeds up funds collection times, reduces collection costs and increases collection rates on returned items.
    Type: Application
    Filed: October 16, 2008
    Publication date: April 23, 2009
    Applicant: GUARDIAN PAYMENT SYSTEMS, LLC
    Inventors: Tim Reynolds, David Schoenberger
  • Patent number: 7519554
    Abstract: Systems and methods are disclosed for processing binary options (also referred to as digital options) in existing clearing systems, such as futures clearing systems. The binary option is treated, or processed, similar to standard options on a non-tradeable cash-settled underlying futures contract. A hypothetical instrument, referred to as a book instrument is created to facilitate clearing of the binary option. The book instrument has an expiration date after the expiration of the binary option, such as the day after the expiration of the binary option. For each binary option that expires in the money, a transaction is created for the book instrument future. The underlying book future has an assigned price that is a fixed amount less that the final price for the underlying statistical or actual value of the binary option at expiration. Transactions are loaded in the clearing system and processed and all positions are liquidated.
    Type: Grant
    Filed: August 16, 2006
    Date of Patent: April 14, 2009
    Assignee: Chicago Mercantile Exchange Inc.
    Inventors: Edward Gogol, Dmitry Glinberg, Dale Michaels
  • Patent number: 7514646
    Abstract: Techniques for use of wireless labels to provide information relating to documents in a document processing operation are described. A plurality of document processing trays each have affixed a label for receiving and displaying messages which are received wirelessly from a central communication interface The messages provide information relating to documents to be placed within or contained within the trays. When a group of documents undergoes initial processing, the group of documents is sorted into a plurality of sorting locations. Each of the sorting locations has an associated tray and label and the documents within the sorting location are placed within the tray. Messages relating to the documents within each tray are transmitted and displayed on the label affixed to the tray. The messages provide information such as the large group, such as an entry, and sorting location to which the documents belong and the endpoint of the documents.
    Type: Grant
    Filed: May 3, 2001
    Date of Patent: April 7, 2009
    Assignee: NCR Corporation
    Inventors: John J. Cira, Wayne M. Doran, Susan H. Schott
  • Patent number: 7512564
    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 sorted at a payer's location where and the sorted 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: December 22, 2004
    Date of Patent: March 31, 2009
    Assignee: DataTreasury Corporation
    Inventor: Terry L. Geer
  • Patent number: 7503486
    Abstract: An original check identifier in MICR format includes separator symbols that do not appear on a typical computer keyboard. When a user is entering a check identifier from a computer or a telephone, the user is instructed to replace the separator symbols with replacement symbols that appear on a typical computer keyboard. The replacement symbols indicate the separation of fields within the check identifier, such as the routing number field, the account number field and the check number field. The entered check identifier with replacement symbols is parsed to distinguish the fields. After the fields are distinguished, the routing number, the account number and the check number of the check identifier are identified.
    Type: Grant
    Filed: May 10, 2007
    Date of Patent: March 17, 2009
    Assignee: First Data Corporation
    Inventors: Daniel R. Ahles, Paul D. Dauben
  • Publication number: 20090055287
    Abstract: A system and method for purchasing a money order via the internet including the steps of providing an internet based money order system capable of generating money orders upon the receipt of a purchase request by a prospective buyer via the internet for a predetermined amount of funds. The prospective buyer transmits information to the money order system. via the internet, which information is required to purchase the money order. The money order is then remotely generated by the money order system and is delivered to an intended recipient of the money order.
    Type: Application
    Filed: August 25, 2008
    Publication date: February 26, 2009
    Applicant: First Data Corporation
    Inventor: Stephen Chin
  • Patent number: 7496536
    Abstract: According to some embodiments, systems and methods are provided to facilitate a transfer of a refund amount from an educational institution to a student. For example, a refund controller may receive from an educational institution an indication of a refund amount associated with a student of the educational institution student. The refund controller may then determine a method of refund delivery associated with the student and automatically arrange for the refund amount to be provided to the student in accordance with the determined method of delivery.
    Type: Grant
    Filed: March 12, 2004
    Date of Patent: February 24, 2009
    Assignee: Higher One, Inc.
    Inventors: Miles Lasater, Sean Glass, Mark Volchek, Jeff Wong, Ernest C. Jones, Casey McGuane, Kiril Savino
  • Patent number: 7494046
    Abstract: An automated banking machine (10) identifies and stores documents such as currency bills deposited by a user. The machine then selectively recovers documents from storage and dispenses them to other users. The machine includes a central transport (70) wherein documents deposited in a stack are unstacked, oriented and identified. Such documents are then routed to storage areas in recycling canisters (92, 94, 96, 98). When a user subsequently requests a dispense, documents stored in the storage areas are selectively picked therefrom and delivered to the user through an input/output area (50) of the machine. The control system (30) for the machine includes a terminal processor (548). Identification devices identify the type and character of a document, and distinguish genuine documents, such as genuine currency bills, from unidentifiable or suspect documents.
    Type: Grant
    Filed: May 30, 2003
    Date of Patent: February 24, 2009
    Assignee: Diebold, Incorporated
    Inventors: H. Thomas Graef, Mark D. Smith, Edward L. Laskowski, William D. Beskitt, Damon J. Blackford, Dale Blackson, Robert Bowser, Keith A. Drescher, Jeffrey Eastman, Matthew Force, Sean Haney, Michael Harty, Dale Horan, Andrew Junkins, Ashok Modi, Mark Owens, Mike Ryan, Bill Schadt, David Schultz, Mike Theriault
  • Patent number: 7494050
    Abstract: An automated banking machine is operative to output a visual and audible user interface which enables a consumer to operate the machine. The visual user interface includes a plurality of hierarchically organized visual screens. For each visual screen, the exemplary machine includes corresponding verbal instructions which are output through external loudspeakers or a headphone placed in operative connection with an external port of the machine. Upon insertion of the headphone into the port, the machine is operative to mute the output to any external loudspeakers and set the audio output through the headphone to a minimum or medium volume level. The automated banking machine is responsive to operating at least one volume control key to cycle the audible output through a plurality of different volume levels. For each input, the machine is operative to output verbal description of the function associated with the input.
    Type: Grant
    Filed: June 28, 2005
    Date of Patent: February 24, 2009
    Assignee: Diebold Self-Service Systems division of Diebold, Incorporated
    Inventors: Bruce Bowen, Lee Kravitz