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System and Method for Commingled Remittance Payment Processing

  • US 20050065893A1
  • Filed: 09/19/2003
  • Published: 03/24/2005
  • Est. Priority Date: 09/19/2003
  • Status: Abandoned Application
First Claim
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1. A method of processing payment material, comprising:

  • providing a database having an electronic template having a biller identifier and a validating record field;

    providing on the payment material a biller identification and a payment field;

    scanning the payment material to create a digital image;

    parsing the digital image for the the biller identification and the payment field;

    matching the biller identification with the biller identifier; and

    determining if the payment filed matches the input field of the electronic template for the biller.

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