Remote check deposit
First Claim
1. A system to deposit financial instruments to a financial institution remotely, comprising:
- capturing the image of the financial instrument, including associated Magnetic Ink Character Recognition (MICR) data;
entering an amount of the financial instrument;
converting the image of the financial instrument and related MICR data into American National Standards Institute (ANSI) standard for electronic exchange among financial institutions and processors in a transaction/file;
the financial institution picking up the transaction/file via an Internet connection; and
the financial institution processing the file using check processing system or service.
1 Assignment
0 Petitions
Accused Products
Abstract
In accordance with the principles of the present invention, a system is provided for capturing a customer deposit at their place of business, converting the Magnetic Ink Character Recognition (MICR) data encoded documents into an image with an associated data file, and electronically transmit the data to a financial institution. The system allows the customer to scan each MICR encoded check that is to deposited with their financial institution, which captures financial institution routing information and customer account information. The associated image the physical check can be franked denoting the check has been electronically processed to avoid further processing. The resulting image and account data can then be processed by the financial institution. There are three options for encoding the amount: 1) the customer enters each amount after scanning the item prior to sending to the financial institution; 2) the financial institution enters the amount of each item after receiving the file from the customer; and 3) the amount field(s) are scanned and the amount is automatically entered. The system allows for both 1) online (Internet) capture of the MICR data and the associated image or 2) offline capture and the subsequent importing of the image and MICR data for transmission to the financial institution via the Internet. The financial institution can review the items captured online, and repair any item that is incorrect. The financial institution can use the system to print substitute checks that confirm to ANSI X9.90 for processing or deliver an electronic file in ANSI X9.37 format to any check processing system. The system includes secure transport over Internet connections for file transfer and dual control security to reduce fraudulent transactions from being initiated by the customer.
-
Citations
42 Claims
-
1. A system to deposit financial instruments to a financial institution remotely, comprising:
-
capturing the image of the financial instrument, including associated Magnetic Ink Character Recognition (MICR) data;
entering an amount of the financial instrument;
converting the image of the financial instrument and related MICR data into American National Standards Institute (ANSI) standard for electronic exchange among financial institutions and processors in a transaction/file;
the financial institution picking up the transaction/file via an Internet connection; and
the financial institution processing the file using check processing system or service. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15)
-
-
16. A system to deposit financial instruments to a financial institution remotely, comprising:
-
electronically truncating the financial instrument at the business site;
depositing the financial instrument online; and
the financial institution picking up the financial instrument as a ‘
Check 21 file’
in X9.37 format. - View Dependent Claims (17, 18, 19, 20, 21, 22, 23, 24, 25, 26)
-
-
27. A system to deposit financial instruments to a financial institution remotely, comprising:
-
capturing a customer deposit at the place of business of the customer;
converting the Magnetic Ink Character Recognition (MICR) data encoded documents into an image with an associated data file; and
electronically transmitting the data to the financial institution. - View Dependent Claims (28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42)
-
Specification