SYSTEMS FOR ELECTRONIC DEPOSIT OF FINANCIAL INSTRUMENTS AND ASSOCIATED METHODS

• US 20090313167A1
• Filed: 05/18/2009
• Published: 12/17/2009
• Est. Priority Date: 05/16/2008
• Status: Abandoned Application

• Current Assignee: Earth Class Mail Corporation
• Original Assignee: Earth Class Mail Corporation
• Inventors: Davis, Matthew R., Wick, Ronald A., Prochaska, Brett R., Clay, Charles Matthew, Irvine, Paul, Staub, Carl V., Ly, Tam C., Dujari, Rajeev
• Application Number:
  US12/467,825
• Publication Number:
  US 20090313167A1
• Time in Patent Office: Days
• US Class Current: 705/43
• CPC Class Codes: G06Q 20/042 characterized in that the payment protocol involves at least one cheque
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/108 Remote banking, e.g. home banking
• CPC Class Codes: G06Q 20/1085 involving automatic teller machines [ATMs]
• CPC Class Codes: G06Q 20/26 Debit schemes, e.g. "pay now"
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

Aspects of the present invention are directed to embodiments that include system and methods for electronic deposit of a financial instrument. In one embodiment the system and method are configured to receive a financial transaction document associated with a user, wherein the financial transaction document is received at a location remote from the user; obtain an electronic image of the financial transaction document at the location; determine identification information about the user based upon data from the electronic image of the financial transaction document; receive handling instructions from the user regarding the financial transaction document; and, electronically deposit the financial transaction document with financial institution for application to an account associated with the user, the financial institution being remote from the user and remote from the location.

Claims

1. A method for electronic deposit of a financial instrument, comprising:

receiving a financial transaction document associated with a user, wherein the financial transaction document is received at a location remote from the user;

obtaining an electronic image of the financial transaction document at the location;

determining identification information about the user based upon data from the electronic image of the financial transaction document;

receiving handling instructions from the user regarding the financial transaction document; and

electronically depositing the financial transaction document with financial institution for application to an account associated with the user, the financial institution being remote from the user and remote from the location.

2. The method of claim 1, further comprising electronically presenting at least a portion of the electronic image to the user.

3. The method of claim 2 wherein receiving handling instructions occurs after electronically presenting the at least a portion of the electronic image to the user.

4. The method of claim 1 wherein receiving the financial transaction document includes receiving a check payable to the user.

5. The method of claim 1 wherein determining identification information includes using optical character recognition to determine the information about the user.

6. The method of claim 1, further comprising electronically presenting at least a portion of the electronic image to the user, providing a user interface display for use by the user, wherein the user interface display is configured to allow the user to input deposit information related to the financial transaction document for use by the financial institution.

7. The method of claim 1 wherein the financial transaction document is a check and the financial institution is a bank, wherein electronically depositing includes electronically presenting an electronic image of the check to the bank for depositing funds associated with the check into an account handled by the bank and associated with the user.

8. The method of claim 1 wherein the financial transaction document is automatically electronically deposited with the financial institution in accordance with the handling instructions received from the user prior to receiving the financial transaction document at the location.

9. The method of claim 1 wherein receiving handling instructions includes receiving data related to a monetary amount of the financial transaction document and related to account identification data associated with the account.

10. A system for electronic deposit of a financial instrument, comprising:

an intake portion configured to receive a financial transaction document associated with a user, wherein the intake subsystem is at a location remote from the user;

an imaging device configured to receive the financial transaction document from the intake portion and to obtain an electronic image of the financial transaction document at the location;

a identification means coupled to the imaging device and configured to electronically determine identification information about the user based upon data from the electronic image of the financial transaction document;

an instruction subsystem remote from the user and configured to receive handling instructions from the user regarding the financial transaction document; and

a depositing subsystem coupled to the instruction subsystem and configured to electronically transmit data to a financial institution related instructions for performing a deposit transaction associated with the financial transaction document and an account associated with the user, wherein the financial institution is remote from the user and remote from the location.

11. The system of claim 10 wherein the intake portion is an automated document handling device configured to handle the financial transaction document and present it to the imaging device.

12. The system of claim 10 wherein the imaging device includes a scanning mechanism that scans the financial transaction document and creates an image data file related to the scan of the financial transaction document.

13. The system of claim 10, further comprising an optical character recognition portion coupled to the imaging device and to the identification means, and wherein the imaging device is configured to create an image data file related to the scan of the financial transaction document, the optical character recognition portion being configured to use the image data file for and to present data to the identification means.

14. The system of claim 10 wherein the financial transaction document is a check, and the depositing subsystem is configured to electronically transmit data to a financial institution for depositing funds associated with the check into an account associated with the user.