Banking system controlled responsive to data bearing records

• US 20090173781A1
• Filed: 08/21/2008
• Published: 07/09/2009
• Est. Priority Date: 04/17/1998
• Status: Active Grant

• Current Assignee: Diebold Nixdorf, Incorporated
• Original Assignee: Ramachandran Natarajan
• Inventors: Ramachandran, Natarajan
• Granted Patent: US 8,104,676 B2
• Time in Patent Office: Days
• US Class Current: 235/379
• CPC Class Codes: G06Q 20/042 characterized in that the payment protocol involves at least one cheque
• CPC Class Codes: G06Q 20/3276 using a pictured code, e.g. barcode or QR-code, being read by the M-device
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

A banking system operates to allocate funds in accounts in response to data bearing records in the form of paper financial checks. A mobile phone has a camera and a programmable memory. The memory stores phone user data, including a bank account number and an electronic signature. The camera can be used to capture an image of a paper check which has the phone user as the payee. The phone can wirelessly transmit the account number, the electronic signature, and the check image to a bank deposit system. The system can store the check image and the electronic signature in correlated relation in a deposit transaction record. The system can cause the phone user'"'"'s bank account to be credited a cash value corresponding to the check value. Confirmation of the check deposit can be transmitted to the user'"'"'s phone.

Claims

1. A method comprising:

(a) using a mobile phone to capture an image of a check having a financial value;

(b) using the phone to wirelessly transmit the image captured in step (a) to an automated check deposit transaction system; and

(c) responsive to step (b), operating the automated check deposit transaction system to cause a financial account associated with the phone user in step (b) to be credited with a cash value associated with the financial value.

2. The method according to claim 1 wherein the automated check deposit transaction system is associated with a bank, and wherein in step (c) the financial account comprises an account of the phone user held with the bank.

3. The apparatus according to claim 2 wherein the phone includes a biometric reading device operative to receive biometric data from the phone user, and further comprising

(d) prior to step (c), using the phone to transmit biometric data received by the biometric reading device to the bank;

(e) determining whether the biometric data transmitted in step (d) substantially corresponds to user authorizing data stored in a stored data;

(f) responsive to a positive determination in step (e), authorizing the phone user to use the phone to conduct transactions with the bank, wherein a first transaction comprises a check deposit transaction involving the automated check deposit transaction system, and wherein a second transaction involves reallocating money among various accounts held with the bank.

4. The method according to claim 1 wherein the phone includes phone memory, wherein step (a) includes operating the phone to cause the captured image to be stored in the phone memory.

5. The method according to claim 4 and further comprising

(d) prior to step (c), operating the phone to initiate communication with the automated check deposit transaction system to initiate a check deposit transaction.

6. The method according to claim 5 wherein the financial account has an account number, wherein the phone memory includes the account number, and further comprising

(e) operating the phone to wirelessly transmit the account number to the automated check deposit transaction system.

7. The method according to claim 4 wherein the automated check deposit transaction system is associated with a data store having in stored correlation therein an account number corresponding to the financial account and account number identifying data, and further comprising

(e) operating the phone to transmit account number identifying data to the automated check deposit transaction system;

(f) operating at least one computer in operative connection with the data store to determine the financial account using the account number identifying data transmitted in step (e).

8. The method according to claim 7 wherein the phone has a phone number associated therewith, wherein the account number identifying data comprises the phone number, wherein the automated check deposit transaction system comprises caller ID, and further comprising

(g) determining the phone number using the caller ID;

wherein step (f) includes operating the at least one computer in operative connection with the data store to determine the financial account from the phone number determined in step (g).

9. The method according to claim 7 wherein the phone includes a keypad, wherein step (e) includes operating the keypad to transmit the account number identifying data to the automated check deposit transaction system.

10. The method according to claim 9 wherein the account number identifying data comprises a personal identification number (PIN), wherein step (e) includes operating the keypad to transmit the PIN to the automated check deposit transaction system.

11. The method according to claim 5 wherein the automated check deposit transaction system includes a plurality of phone numbers, wherein each respective phone number is correlated in at least one data store with a respective financial account number, wherein step (d) includes operating the phone to make a call to a particular phone number, and further comprising

(e) determining the particular phone number called in step (d);

(f) operating at least one computer in operative connection with the data store to determine the financial account number using the particular phone number determined in step (e).

12. The method according to claim 4 wherein step (c) includes crediting the cash value to a financial account associated with financial account identifying data stored in the phone memory, wherein the financial account comprises an account of the phone user.

13. The method according to claim 4 wherein the memory includes electronic signature data representative of a signature of the phone user, wherein step (b) includes wirelessly transmitting the electronic signature data to the automated check deposit transaction system, and further comprising

(d) operating the automated check deposit transaction system to store the electronic signature data in correlation relation with the image in a transaction record.

14. A method comprising:

(a) operating a mobile phone to capture a check image of a financial check payable to a customer having a customer account with a financial entity, wherein the phone includes memory and a camera, wherein the memory includes electronic signature data representative of a signature of the customer, wherein the check has a financial value;

(b) operating the phone to initiate a check deposit transaction with a check deposit system associated with the customer account, wherein the check deposit system includes at least one computer;

(c) operating the phone to wirelessly communicate the check image and the electronic signature data to the check deposit system during the check deposit transaction;

(d) operating the at least one computer to cause the check deposit system to receive via wireless communication the check image and the electronic signature data communicated by the phone; and

(e) subsequent to step (d), operating the at least one computer to cause the customer account to be credited with a cash value associated with the financial value.

15. The method according to claim 14 wherein the customer account has an account number, wherein the phone memory includes the account number, wherein step (c) includes wirelessly transmitting the account number to the check deposit system, wherein step (d) includes receiving with the check deposit system the account number transmitted in step (c), and wherein step (e) includes crediting the customer account responsive to step (d).

16. The method according to claim 15 and further comprising

(f) operating the at least one computer to cause the electronic signature data to be stored in correlated relation with the check image in a transaction record.

17. Apparatus comprising:

a check deposit system associated with a financial entity,

wherein the check deposit system includes at least one computer,

a mobile phone,

wherein the phone is operative to capture a check image of a financial check having a check value payable to a customer having an account with the financial entity,

wherein the phone includes memory,

wherein the memory includes electronic signature data representative of a signature of the customer,

wherein the phone is operative to initiate a wireless check deposit transaction with the check deposit system,

wherein the phone is operative to wirelessly communicate the check image and the electronic signature data to the check deposit system during the check deposit transaction,

wherein the check deposit system is operative to receive via wireless communication the check image and the electronic signature data communicated by the phone,

wherein responsive to receiving the check image and the electronic signature data, the check deposit system is operative to cause the account to be credited with a cash value associated with the check value.

18. The apparatus according to claim 17

wherein the phone includes a biometric reading device operative to receive biometric data from a phone user,

wherein the phone is operative to communicate received biometric data to the check deposit system,

wherein the at least one computer is operative to cause communicated biometric data to be compared with stored data,

wherein the phone user is authorized to use the phone to conduct a check deposit transaction with the check deposit system responsive to correspondence between the biometric data and the stored data.

19. The apparatus according to claim 18 wherein the phone is adapted to permit an authorized phone user to reallocate money among various user accounts held with the financial entity.

20. The apparatus according to claim 17

wherein the memory includes account data corresponding to the account,

wherein the phone is operative to wirelessly communicate the account data to the check deposit system during the check deposit transaction,

wherein the check deposit system is operative to receive via wireless communication the account data communicated by the phone,

wherein responsive to receiving the account data and the check image and the electronic signature data the check deposit system is operative to cause the account to be credited with a cash value associated with the check value.

21. The apparatus according to claim 17 wherein the financial entity comprises a bank.

22. The apparatus according to claim 17 wherein the check deposit system comprises an automated check handling system.

23. The apparatus according to claim 22 wherein the automated check handling system comprises a check processing system.

24. The apparatus according to claim 17 wherein the phone is operative to wirelessly receive confirmation of a check deposit conducted therewith from the financial entity.

25. The apparatus according to claim 17 wherein the phone is operative to wirelessly communicate a PIN to the check deposit system, wherein the check deposit system is operative to receive via wireless communication the PIN communicated by the phone, wherein responsive to receiving the PIN the check deposit system is operative to authorize the phone user to use the phone to conduct a check deposit transaction therewith.

26. The apparatus according to claim 25 wherein the memory includes the PIN.

27. A method comprising:

(a) operating a portable phone to capture an image of a paper check responsive to at least one input received by the phone from a phone user, wherein the check has a financial value, wherein the check has a payee section designating the phone user as the payee;

(b) operating the phone to wirelessly transmit the image to a check depositing system operative to cause an imaged check to be financially deposited in a transaction;

(c) operating the check depositing system to associate with the image, a deposit endorsement of the check by the phone user; and

(d) operating the check depositing system to cause an account of the phone user to be credited a cash value associated with the financial value.

28. The method according to claim 27 wherein the deposit endorsement comprises an electronic signature of the phone user, wherein step (c) includes associating the electronic signature with the image.

29. The method according to claim 28 wherein step (b) includes wirelessly transmitting the electronic signature to the check depositing system.

30. The method according to claim 28 wherein the electronic signature is stored in a data store, and further comprising

(e) prior to step (c), operating at least one computer of the check depositing system to access the electronic signature from the data store.

31. The method according to claim 27 wherein the deposit endorsement comprises a For Deposit Only statement, wherein step (c) includes associating the statement with the image.

32. The method according to claim 31 and further comprising

(e) prior to step (c), operating at least one computer of the check depositing system to access the statement from a data store.

33. The method according to claim 32 and further comprising

(f) prior to step (a), obtaining an agreement that the statement can be used in place of a signature.

34. The method according to claim 27 wherein step (a) includes operating the phone to capture an image of a check having the name of the phone user designated as the payee.