System and method for financial institution account deposits via retail merchants
First Claim
1. A method of depositing funds to a customer account at a financial institution by a retail merchant, comprising:
- accepting funds by a retail merchant from a customer for deposit into at least one customer account at a financial institution;
obtaining from the customer information identifying said customer account; and
depositing at least a portion of said funds into said customer account, the deposit not a credit of previously debited funds.
1 Assignment
0 Petitions
Accused Products
Abstract
Deposits to a customer account at a financial institution are received by a retail merchant, and deposited to the customer account. The funds may comprise cash or a negotiable instrument such as a paycheck. The funds deposited by the retail merchant may comprise all or a portion of the funds received by the customer. The deposit is preferably performed by a credit operation to a customer'"'"'s debit card issued for the account, through a transaction processing system, where the credit is not a credit for previously debited funds. The financial institution may pay fees to the retail merchant, and/or may indemnify the retail merchant for losses due to failure of negotiable instruments received for deposit.
220 Citations
25 Claims
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1. A method of depositing funds to a customer account at a financial institution by a retail merchant, comprising:
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accepting funds by a retail merchant from a customer for deposit into at least one customer account at a financial institution;
obtaining from the customer information identifying said customer account; and
depositing at least a portion of said funds into said customer account, the deposit not a credit of previously debited funds. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 19)
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14. A method of depositing, by a financial institution, funds received by a retail merchant from a customer of said financial institution, into the customer'"'"'s account at said financial institution, comprising:
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receiving, at said financial institution, information sent by said retail merchant identifying at least one account of a customer of said financial institution;
authorizing a deposit to said account;
receiving funds sent by said retail merchant, said funds received by said retail merchant from the customer; and
depositing at least a portion of said funds into said customer account, the deposit not a credit of funds previously debited from said account. - View Dependent Claims (15, 16, 17, 18)
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20. A system for depositing funds received by a retail merchant from a customer into the customer'"'"'s account at a financial institution, comprising:
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a point-of-sale terminal at said retail merchant operative to receive at least information identifying a customer'"'"'s account at a financial institution and an amount of funds;
an account access terminal at said financial institution operative to receive information identifying the customer'"'"'s account and credit for at least a portion of said funds, and to credit said account with said received funds; and
a transaction processing system communicatively coupled to said point-of-sale terminal and said account access terminal and operative to transfer a credit for at least a portion of said funds from said point-of-sale terminal to said account access terminal for credit to said account, said credit not a credit of funds previously debited from said account. - View Dependent Claims (21, 22)
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23. A method of operating a transaction processing system by a retail merchant to deposit funds received by said merchant from a financial institution customer into the customer'"'"'s account at the financial institution, comprising:
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receiving from the customer funds and information identifying said customer account; and
performing a procedure via said transaction processing system, provided by said transaction processing system to credit to said customer account funds previously debited via said transaction processing system from said customer account, to deposit at least a portion of said funds in said customer account, said funds not previously debited from said customer account. - View Dependent Claims (24, 25)
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Specification