SYSTEM, COMPUTER PROGRAM AND METHOD FOR PROCESSING PRESENTMENT AND ADJUSTMENT INFORMATION TO INSTITUTIONS PARTICIPATING IN A REGIONAL OR NATIONAL CLEARING HOUSE

• US 20080319880A1
• Filed: 06/16/2008
• Published: 12/25/2008
• Est. Priority Date: 08/29/2002
• Status: Active Grant

• Current Assignee: Viewpointe Clearing Settlement & Association Services LLC (Viewpointe Archive Services LLC)
• Original Assignee: PaymentsNation (Viewpointe Archive Services LLC)
• Inventors: Cummings, Bill, D'Aquisto, Tom
• Granted Patent: US 8,364,562 B2
• Time in Patent Office: Days
• US Class Current: 705/30
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/12 Accounting

Abstract

A system, computer program and method for adjusting debits and credits received from participating institutions are provided. The system includes a plurality of remote computers of participating institutions, a central server, a network interface in communication with the clearing house computer and the plurality of remote computers over a network, and a database in communication with the central server. The network interface is configured to receive a plurality of presentment data from a first computer of the plurality of remote computers of participating institutions. Each of the plurality of presentment data including one or more debit or credit items each having a presentment amount. The central server is configured to store in the database the plurality of presentment data, receive, from a second computer of the remote computers of participating institutions, an adjustment request corresponding to one or more debit or credit items received from the first computer of the plurality of remote computers of participating institutions, communicate the adjustment request to the first computer of the plurality of remote computers of participating institutions via the network interface, enable the first computer of the plurality of remote computers of participating institutions to accept or deny the adjustment request, and initiate an adjustment based on the adjustment amount if the first computer of the plurality of remote computers of participating institutions accepts the adjustment request. The adjustment request includes detailed adjustment data having an adjustment amount and one or more scanned images corresponding to the respective debit or credit items.

Claims

1. A clearing house system for adjusting debits and credits received from participating institutions, the system comprising:

a plurality of remote computers of participating institutions;

a central server;

a network interface in communication with the clearing house computer and the plurality of remote computers over a network, the network interface being configured to receive a plurality of presentment data from a first computer of the plurality of remote computers of participating institutions, each of the plurality of presentment data including one or more debit or credit items each having a presentment amount;

a database in communication with the central server;

wherein the central server is configured to;

store in the database the plurality of presentment data;

receive, from a second computer of the remote computers of participating institutions, an adjustment request corresponding to one or more debit or credit items received from the first computer of the plurality of remote computers of participating institutions, wherein the adjustment request includes detailed adjustment data having an adjustment amount and one or more scanned images corresponding to the respective debit or credit items;

communicate the adjustment request to the first computer of the plurality of remote computers of participating institutions via the network interface;

enable the first computer of the plurality of remote computers of participating institutions to accept or deny the adjustment request; and

initiate an adjustment based on the adjustment amount if the first computer of the plurality of remote computers of participating institutions accepts the adjustment request.

2. The clearing house system of claim 1, wherein the one or more scanned images comprise a digital image of at least the front side of a check.

3. The clearing house system of claim 2, wherein the check comprises a personal check.

4. The clearing house system of claim 2, wherein the check comprises one selected from the group consisting of a cashier'"'"'s check and a money order.

5. The clearing house system of claim 1, wherein the one or more scanned images comprise a digital image of at least the front side of a deposit slip.

6. The clearing house system of claim 1, wherein the adjustment request is substantially instantaneously communicated to the first computer of the plurality of remote computer of participating institutions.

7. The clearing house system of claim 1, wherein the adjustment request is accepted or denied without a physical copy of the respective debit or credit items.

8. The clearing house system of claim 1, wherein the central server enables communication between the participating institutions regarding the adjustment request.

9. The clearing house system of claim 1, wherein the central server includes an Internet server.

10. The clearing house system of claim 9, wherein the Internet server communicates the adjustment between the central server and web browsers on the remote computers.

11. A clearing house system for exchanging debits and credits between participating institutions, the system comprising:

a plurality of remote computers of participating institutions;

a central server;

a network interface in communication with the clearing house computer and the plurality of remote computers over a network, the network interface being configured to receive a plurality of presentment data from one or more of the plurality of remote computers, each of the plurality of presentment data including one or more debit or credit items each having a presentment amount;

a database in communication with the central server;

wherein the central server is configured to;

store in the database the plurality of presentment data previously received over a predetermined rolling time period;

provide means for determining whether a difference between an average presentment amount of the stored presentment data for one or more of the participating institutions from which presentment data is received and the presentment amount of the currently received presentment data is within a predetermined variance;

initiate the debits and credits corresponding to the presentment data if the difference is within a predetermined variance;

verify the debits and credits corresponding to the presentment data if the difference is more than the predetermined variance; and

communicate at least a portion of the stored presentment data via the network interface to one or more of the plurality of remote computers on demand.

12. The clearing house system of claim 11, wherein the presentment data includes information designating the types of items presented for exchange and wherein the central server stores the types of items each participating institution accepts.

13. The clearing house system of claim 11, wherein the central server enables communication between the participating institutions regarding the exchange.

14. The clearing house system of claim 11, wherein the central server includes an Internet server.

15. The clearing house system of claim 14, wherein the Internet server communicates data between the central server and web browsers on the remote computers.

16. The clearing house system of claim 11, wherein the participating institutions exchange items by means of the network interface.

17. The clearing house system of claim 16, wherein the central server is further configured to store information relating to the items electronically exchanged.

18. The clearing house system of claim 11, wherein the presentment data communicated to one or more of the plurality of computers on demand includes net presettlement positions.

19. The clearing house system of claim 11, wherein the network interface is further configured to receive a plurality of confirmation data from one or more of the plurality of remote computers, wherein the confirmation data includes information regarding whether the items in the presentment data is accepted.

20. The clearing house system of claim 11, wherein initiating the debits and credits comprises providing information relating to at least a portion of the presentment data to a settlement institution which debits and credits the participating institutions accounts.

21. A method for adjusting debits and credits received from participating institutions of a clearing house system that includes a plurality of remote computers of participating institutions, a central server, a network interface in communication with the clearing house computer and the plurality of remote computers over a network, the network interface being configured to receive a plurality of presentment data from a first computer of the plurality of remote computers of participating institutions, each of the plurality of presentment data including one or more debit or credit items each having a presentment amount, and a database in communication with the central server, the method comprising:

storing in the database the plurality of presentment data;

receiving, from a second computer of the remote computers of participating institutions, an adjustment request corresponding to one or more debit or credit items received from the first computer of the plurality of remote computers of participating institutions, wherein the adjustment request includes detailed adjustment data having an adjustment amount and one or more scanned images corresponding to the respective debit or credit items;

communicating the adjustment request to the first computer of the plurality of remote computers of participating institutions via the network interface;

enabling the first computer of the plurality of remote computers of participating institutions to accept or deny the adjustment request; and

initiating an adjustment based on the adjustment amount if the first computer of the plurality of remote computers of participating institutions accepts the adjustment request.

22. A computer program product embodied on a computer readable medium for adjusting debits and credits received from participating institutions of a clearing house system that includes a plurality of remote computers of participating institutions, a central server, a network interface in communication with the clearing house computer and the plurality of remote computers over a network, the network interface being configured to receive a plurality of presentment data from a first computer of the plurality of remote computers of participating institutions, each of the plurality of presentment data including one or more debit or credit items each having a presentment amount, and a database in communication with the central server, the computer program product comprising:

a first computer code for storing in the database the plurality of presentment data;

a second computer code for receiving, from a second computer of the remote computers of participating institutions, an adjustment request corresponding to one or more debit or credit items received from the first computer of the plurality of remote computers of participating institutions, wherein the adjustment request includes detailed adjustment data having an adjustment amount and one or more scanned images corresponding to the respective debit or credit items;

a third computer code for communicating the adjustment request to the first computer of the plurality of remote computers of participating institutions via the network interface;

a fourth computer code for enabling the first computer of the plurality of remote computers of participating institutions to accept or deny the adjustment request; and

a fifth computer code for initiating an adjustment based on the adjustment amount if the first computer of the plurality of remote computers of participating institutions accepts the adjustment request.

23. A computer program product embodied on a computer readable medium for exchanging debits and credits between participating institutions of a clearing house system that includes a plurality of remote computers of participating institutions, a central server, a network interface in communication with the clearing house computer and the plurality of remote computers over a network, the network interface being configured to receive a plurality of presentment data from one or more of the plurality of remote computers, each of the plurality of presentment data including one or more debit or credit items each having a presentment amount, and a database in communication with the central server, the computer program product comprising.

a first computer code for storing in the database the plurality of presentment data previously received over a predetermined rolling time period;

a second computer code for calculating an average presentment amount of the stored presentment data for one or more of the participating institutions from which presentment data is received;

a third computer code for determining the difference between the average presentment amount and the presentment amount of the currently received presentment data;

a fourth computer code for initiating the debits and credits corresponding to the presentment data if the difference is within a predetermined variance;

a fifth computer code for verifying the debits and credits corresponding to the presentment data if the difference is more than the predetermined variance; and

a sixth computer code for communicating at least a portion of the stored presentment data via the network interface to one or more of the plurality of remote computers on demand.