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Check system and method including prioritizing checks for transmission to banks for processing

  • US 5,175,682 A
  • Filed: 12/14/1990
  • Issued: 12/29/1992
  • Est. Priority Date: 12/14/1990
  • Status: Expired due to Term
First Claim
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1. A method for processing a check written on an account provided by a financial institution comprising the steps of:

  • receiving from a customer a check as a method of payment;

    creating an electronic data record containing information pertaining to said check; and

    electronically transmitting said data record to said financial institution to obtain payment of said check by said financial institution, said step of transmitting said electronic record to said bank comprising the steps of;

    determining if said electronic record meets a test indicating said electronic record should be transmitted to said bank in real time;

    if said test is met, transmitting said electronic record to said bank in real time; and

    if said test is not met, adding said electronic record to a file including other electronic records pertaining to other checks, and transmitting said file to said bank in a batch mode.

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