System for processing data using parameters associated with the data for auto-processing

• US 10,460,296 B2
• Filed: 02/08/2016
• Issued: 10/29/2019
• Est. Priority Date: 02/08/2016
• Status: Active Grant

• Current Assignee: Bank of America Corp.
• Original Assignee: Bank of America Corp.
• Inventors: Goertz, Jeffrey R., Cantley, Kerry M.
• Primary Examiner(s): Tran, Hai
• Application Number:
  US15/017,937
• Publication Number:
  US 20170228703A1
• Time in Patent Office: 1,359 Days
• Field of Search: 705 45
• CPC Class Codes: G06Q 20/042 characterized in that the payment protocol involves at least one cheque
• CPC Class Codes: G06Q 20/1085 involving automatic teller machines [ATMs]

Abstract

Systems, computer program products, and methods are described herein for processing a set of information associated with a check image using one or more disposition parameters to determine an automated disposition of the check associated with the check image. The present invention is configured to receive a set of information associated with a check image; receive one or more disposition parameters associated with a financial institution; apply the one or more disposition parameters to the set of information associated with the check image; determine automated disposition of the check based on at least applying the one or more disposition parameters to the set of information associated with the check image; and execute the automated disposition of the check.

Claims

1. A system for processing a set of information associated with a check image using one or more disposition parameters to determine an automated disposition of a check associated with the check image, the system comprising:

at least one memory;

at least one processor; and

at least one module stored in the at least one memory and comprising instruction code that is executable by the at least one processor and configured to cause the at least one processor to;

scan check images of a batch of physical checks;

initiate batch processing of the batch of physical checks;

determine a quality of the check images;

perform optical character recognition to extract text from the check images;

determine a quality of the extracted text;

identify an issue associated with the check images based on the quality of the check images or the quality of the extracted text;

determine whether the issue is associated with a specific check or whether the issue is associated with the batch of physical checks;

in response to determining that the issue is associated with the batch of physical checks, determine automated disposition of the batch of physical checks based on the quality of the check images and the quality of the extracted text; and

execute the automated disposition of the batch of physical checks, wherein executing the automated disposition further comprises sending control signals to a mechanical apparatus, the control signals being configured to cause the mechanical apparatus to physically place the batch of physical checks in a check repository associated with a financial institution.

2. The system of claim 1, wherein:

executing the automated disposition of the batch of physical checks further comprises placing the batch of physical checks on hold in the check repository for a predetermined period of time based on at least the issue identified.

3. The system of claim 1, wherein:

executing the automated disposition of the batch of physical checks further comprises placing the batch of physical checks on hold to be returned to a customer based on at least the issue identified.

4. The system of claim 1, wherein the module comprises instruction code that is configured to cause the at least one processor to:

receive a set of information associated with the check images of the batch of physical checks, wherein the set of information associated with the check images comprises metadata associated with the batch of physical checks.

5. The system of claim 1, wherein:

executing the automated disposition of the batch of physical checks further comprises designating the batch of physical checks for manual check processing.

6. A computerized method for processing a set of information associated with a check image using one or more disposition parameters to determine an automated disposition of a check associated with the check image, the method comprising:

scanning check images of a batch of physical checks;

initiating batch processing of the batch of physical checks;

determining a quality of the check image;

performing optical character recognition to extract text from the check image;

determining a quality of the extracted text;

identifying an issue associated with the check images based on the quality of the check images or the quality of the extracted text;

determining whether the issue is associated with a specific check or whether the issue is associated with the batch of physical checks;

in response to determining that the issue is associated with the batch of physical checks, determining automated disposition of the batch of physical checks based on the quality of the check image and the quality of the extracted text; and

executing the automated disposition of the batch of physical checks, wherein executing the automated disposition further comprises sending control signals to a mechanical apparatus, the control signals being configured to cause the mechanical apparatus to physically place the batch of physical checks in a check repository associated with a financial institution.

7. The method of claim 6, wherein executing the automated disposition of the batch of physical checks further comprises placing the batch of physical checks on hold in the check repository for a predetermined period of time based on at least the issue identified.

8. The method of claim 6, wherein:

executing the automated disposition of the batch of physical checks further comprises placing the batch of physical checks on hold to be returned to a customer based on at least the one or more issue identified.

9. The method of claim 6, wherein the method further comprises:

receiving a set of information associated with the check images of the batch of physical checks, wherein the set of information associated with the check images comprises metadata associated with the batch of physical checks.

10. The method of claim 6, wherein:

executing the automated disposition of the batch of physical checks further comprises designating the batch of physical checks for manual check processing.

11. A computer program product for processing a set of information associated with a check image using one or more disposition parameters to determine an automated disposition of a check associated with the check image, the computer program product comprising a computer readable storage medium having computer readable program code embodied therewith, the computer readable program code comprising:

computer readable code configured to scan check images of a batch of physical checks;

computer readable code configured to initiate batch processing of the batch of physical checks;

computer readable code configured to determine a quality of the check image;

computer readable code configured to perform optical character recognition to extract text from the check image;

computer readable code configured to determine a quality of the extracted text;

computer readable code configured to identify an issue associated with the check images based on the quality of the check images or the quality of the extracted text;

computer readable code configured to determine whether the issue is associated with a specific check or whether the issue is associated with the batch of physical checks;

computer readable code configured to, in response to determining that the issue is associated with the batch of physical checks, determine automated disposition of the batch of physical checks based on the quality of the check image and the quality of the extracted text; and

computer readable code configured to execute the automated disposition of the batch of physical checks, wherein executing the automated disposition further comprises sending control signals to a mechanical apparatus, the control signals being configured to cause the mechanical apparatus to physically place the batch of physical checks in a check repository associated with a financial institution.

12. The computer program product of claim 11, wherein:

executing the automated disposition of the batch of physical checks further comprises placing the batch of physical checks on hold in the check repository for a predetermined period of time based on at least the issue identified.

13. The computer program product of claim 11, wherein:

executing the automated disposition of the batch of physical checks further comprises placing the batch of physical checks on hold to be returned to a customer based on at least the issue identified.

14. The computer program product of claim 11, wherein the computer readable program code comprises computer readable code configured to receive a set of information associated with the check images of the batch of physical checks, wherein the set of information associated with the check images comprises metadata associated with the batch of physical checks.

15. The computer program product of claim 11, wherein executing the automated disposition of the batch of physical checks further comprises designating the batch of physical checks for manual check processing.