Method and system for processing financial instrument deposits physically remote from a financial institution
DC
First Claim
1. A method for bank deposit processing at a central system a plurality of checks deposited at a remote site with accompanying bank deposit information, the method comprising:
- the central system receiving bank deposit information for a plurality of different bank deposit transactions made by a plurality of different depositing individuals,with the bank deposit information includinga bank deposit account designation within a bank of first deposit for each of the plurality of different depositing individuals,electronic check data for each of the plurality of checks being deposited by each of the plurality of different depositing individuals andcheck image data for at least one check of the plurality of checks being deposited by each of the plurality of different depositing individuals,wherein the central system is separate from MICR capture, deposit accounting, and float processing systems for the bank of first deposit;
the central system transmitting at least the electronic check data for each of the plurality checks being deposited in each of the plurality of different bank deposit transactions to the bank of first depositin a transmission having a transmission path that bypasses the MICR capture system of the bank of first deposit.
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Accused Products
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.
163 Citations
9 Claims
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1. A method for bank deposit processing at a central system a plurality of checks deposited at a remote site with accompanying bank deposit information, the method comprising:
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the central system receiving bank deposit information for a plurality of different bank deposit transactions made by a plurality of different depositing individuals, with the bank deposit information including a bank deposit account designation within a bank of first deposit for each of the plurality of different depositing individuals, electronic check data for each of the plurality of checks being deposited by each of the plurality of different depositing individuals and check image data for at least one check of the plurality of checks being deposited by each of the plurality of different depositing individuals, wherein the central system is separate from MICR capture, deposit accounting, and float processing systems for the bank of first deposit; the central system transmitting at least the electronic check data for each of the plurality checks being deposited in each of the plurality of different bank deposit transactions to the bank of first deposit in a transmission having a transmission path that bypasses the MICR capture system of the bank of first deposit. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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Specification
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- Resources
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Current AssigneePPS Data LLC (Zions Bancorporation, N.A.)
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Original AssigneePPS Data LLC (Zions Bancorporation, N.A.)
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InventorsBuchanan, Danne L., Titus, William Ronald
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Primary Examiner(s)Subramanian, Narayanswamy
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Application NumberUS12/624,076Publication NumberTime in Patent Office827 DaysField of Search705/35, 705 40- 45, 705 16- 18, 235379-381US Class Current705/45CPC Class CodesG06Q 20/042 characterized in that the p...G06Q 20/0425 the cheque being electronic...G06Q 20/102 Bill distribution or paymentsG06Q 20/105 involving programming of a ...G06Q 20/108 Remote banking, e.g. home b...G06Q 20/1085 involving automatic teller ...G06Q 20/20 Point-of-sale [POS] network...G06Q 20/204 comprising interface for re...G06Q 20/40 Authorisation, e.g. identif...G06Q 40/00 Finance; Insurance; Tax str...G07F 19/20 Automatic teller machines [...G07F 19/202 Depositing operations withi...
