SYSTEM FOR PROCESSING DATA USING PARAMETERS ASSOCIATED WITH THE DATA FOR AUTO-PROCESSING

• US 20170228703A1
• Filed: 02/08/2016
• Published: 08/10/2017
• Est. Priority Date: 02/08/2016
• Status: Active Grant

• Current Assignee: Bank of America Corp.
• Original Assignee: Bank of America Corp.
• Inventors: Goertz, Jeffrey R., Cantley, Kerry M.
• Granted Patent: US 10,460,296 B2
• Time in Patent Office: Days
• CPC Class Codes: G06Q 20/042 characterized in that the payment protocol involves at least one cheque
• CPC Class Codes: G06Q 20/1085 involving automatic teller machines [ATMs]

Abstract

Systems, computer program products, and methods are described herein for processing a set of information associated with a check image using one or more disposition parameters to determine an automated disposition of the check associated with the check image. The present invention is configured to receive a set of information associated with a check image; receive one or more disposition parameters associated with a financial institution; apply the one or more disposition parameters to the set of information associated with the check image; determine automated disposition of the check based on at least applying the one or more disposition parameters to the set of information associated with the check image; and execute the automated disposition of the check.

Claims

5-1. The system of claim 1, wherein the module is configured to execute computer-readable program code further to:

receive a set of information associated with one or more check images, wherein the set of information associated with the one or more check images comprises information extracted from a scanned image of one or more checks and metadata associated with the one or more checks; and

initiate a batch processing for the one or more checks, wherein initiating further comprises aggregating the set of information associated with the one or more check images into one or more batches.

8. A computerized method for processing a set of information associated with a check image using one or more disposition parameters to determine an automated disposition of the check associated with the check image, the method comprising:

receiving a set of information associated with a check image, wherein the set of information associated with the check image comprises information extracted from a scanned image of a check and metadata associated with the check;

receiving one or more disposition parameters associated with a financial institution;

applying the one or more disposition parameters to the set of information associated with the check image;

determining automated disposition of the check based on at least applying the one or more disposition parameters to the set of information associated with the check image; and

executing the automated disposition of the check, wherein executing the automated disposition further comprises physical placement of the check in a check repository associated with the financial institution.

9. The method of claim 8, wherein the method further comprises identifying one or more issues associated with the check based on at least applying the one or more disposition parameters to the set of information associated with the check image associated with the check;

and

determining automated disposition of the check based on at least the one or more identified issues associated with the check.

10. The method of claim 9, wherein the method further comprises determining that the automated disposition of the check comprises determining that the check has been processed successfully and can be disposed permanently.

11. The method of claim 9, wherein the method further comprises determining that the automated disposition of the check comprises placing the check on hold in the check repository for a predetermined period of time based on at least the one or more issues identified.

12. The method of claim 9, wherein the method further comprises:

determining that the one or more issues comprises an indication that the check is to be returned to a financial institution customer; and

determining that the automated disposition of the check comprises placing the check on hold to be returned to the customer based on at least the one or more issues identified.

13. The method of claim 8, wherein the method further comprises:

receiving a set of information associated with one or more check images, wherein the set of information associated with the one or more check images comprises information extracted from a scanned image of one or more checks and metadata associated with the one or more checks; and

initiating a batch processing for the one or more checks, wherein initiating further comprises aggregating the set of information associated with the one or more check images into one or more batches.

14. The method of claim 13, wherein the method further comprises:

identifying one or more issues associated with a batch of checks based on at least aggregating the set of information associated with the one or more checks; and

determining and automated disposition of the batch of checks based on at least the one or more identified issues associated with the one or more checks in the batch.

15. The method of claim 8, wherein the method further comprises:

receive one or more disposition parameters, wherein the one or more disposition parameters are associated with a method of processing of the check, wherein the method of processing of the check further comprises an automated check processing and a manual check processing.

16. A computer program product for processing a set of information associated with a check image using one or more disposition parameters to determine an automated disposition of the check associated with the check image, the computer program product comprising a computer readable storage medium having computer readable program code embodied therewith, the computer readable program code comprising:

computer readable code configured to receive a set of information associated with a check image, wherein the set of information associated with the check image comprises information extracted from a scanned image of a check and metadata associated with the check;

computer readable code configured to receive one or more disposition parameters associated with a financial institution;

computer readable code configured to apply the one or more disposition parameters to the set of information associated with the check image;

computer readable code configured to determine automated disposition of the check based on at least applying the one or more disposition parameters to the set of information associated with the check image; and

computer readable code configured to execute the automated disposition of the check, wherein executing the automated disposition further comprises physical placement of the check in a check repository associated with the financial institution.

17. The computer program product of claim 16, further comprising computer readable program code configured to:

identify one or more issues associated with the check based on at least applying the one or more disposition parameters to the set of information associated with the check image associated with the check; and

determine automated disposition of the check based on at least the one or more identified issues associated with the check.

18. The computer program product of claim 17, further comprising computer readable program code configured to:

determine that the automated disposition of the check comprises determining that the check has been processed successfully and can be disposed permanently.

19. The computer program product of claim 17, further comprising computer readable program code configured to:

determine that the automated disposition of the check comprises placing the check on hold in the check repository for a predetermined period of time based on at least the one or more issues identified.

20. The computer program product of claim 17, further comprising computer readable program code configured to:

determine that the one or more issues comprises an indication that the check is to be returned to a financial institution customer;

determine that the automated disposition of the check comprises placing the check on hold to be returned to the customer based on at least the one or more issues identified.