Creation and distribution of deposits and payments to financial institutions

• US 20030050889A1
• Filed: 09/11/2001
• Published: 03/13/2003
• Est. Priority Date: 09/11/2001
• Status: Abandoned Application

• Current Assignee: Every Penny Counts Incorporated
• Original Assignee: Every Penny Counts Incorporated
• Inventors: Burke, Bertram V.
• Application Number:
  US09/950,566
• Publication Number:
  US 20030050889A1
• Time in Patent Office: Days
• US Class Current: 705/40
• CPC Class Codes: G06Q 20/102 Bill distribution or payments
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

At non-bank and financial institution locations, account holders use remote inputs to send deposits and payments in cash and/or checks to their accounts in financial institutions. In one embodiment the remote input used at merchant point of sale locations truncates paper checks and cash at the remote terminal level.

Claims

1. A system, comprising:

a remote input;

entry means in the remote input to image a check,

entry means in the remote input to record the amount of a deposit from a depositor;

identifier entering means in the remote input for entering identifiers that identifies a depositor, a depository agent, and the depository;

apportioning means responsive to said remote input and said identifier entering means for apportioning the deposit amount to one or more accounts on the basis of said identifiers;

entry/output means in the account manager to accept and aggregate the amounts in the accounts as a deposit from the depositor.