Method and system for processing a financial transaction
First Claim
1. A system for processing a financial transaction, comprising:
- a plurality of non-check processing collection sites operated on behalf of an expedited mail delivery service provider, each site operable to;
receive at least one transaction request from one or more banking customers, each of the at least one transaction request comprising a financial instrument and information about a requested banking transaction,prepare a package comprising each of the at least one transaction request collected during a predetermined time period, andmail the package via expedited mail delivery; and
a transaction processing center operable to;
receive the package mailed from each of the collection sites, andsupport the completion of the requested banking transaction associated with each of the at least one transaction request by processing each of the at least one transaction request for settlement by one of a clearinghouse and a bank of the respective requesting customer.
2 Assignments
0 Petitions
Accused Products
Abstract
Convenient, efficient, and cost-effective processing of a financial transaction. Banking customers can drop-off financial transaction requests at any of a plurality of geographically dispersed collection sites that operate on behalf of an expedited mail delivery service. Each collection site can aggregate received transaction requests into a package to be delivered to a transaction processing center via expedited mail delivery. Each transaction request can be contained within an envelope. Utilizing unique identifying insignias on each envelope and package, the location of each envelope and package can be tracked during the expedited mail delivery. Upon receipt, the transaction processing center can process each transaction request.
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Citations
19 Claims
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1. A system for processing a financial transaction, comprising:
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a plurality of non-check processing collection sites operated on behalf of an expedited mail delivery service provider, each site operable to; receive at least one transaction request from one or more banking customers, each of the at least one transaction request comprising a financial instrument and information about a requested banking transaction, prepare a package comprising each of the at least one transaction request collected during a predetermined time period, and mail the package via expedited mail delivery; and a transaction processing center operable to; receive the package mailed from each of the collection sites, and support the completion of the requested banking transaction associated with each of the at least one transaction request by processing each of the at least one transaction request for settlement by one of a clearinghouse and a bank of the respective requesting customer. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A method for processing a financial transaction, comprising the steps of:
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collecting at each of a plurality of non-check processing collection sites at least one transaction request from one or more banking customers, the at least one transaction request comprising a financial instrument and information about a requested banking transaction; at each of the collection sites, preparing a package comprising the at least one transaction request collected during a predetermined time period; mailing the package comprising the collected at least one transaction request from each of the collection sites to a transaction processing center via expedited mail delivery; and responsive to receiving the package from each of the collection sites at the transaction processing center, processing each of the at least one transaction request for settlement by one of a clearinghouse and a bank of the respective customer - View Dependent Claims (11, 12, 13, 14)
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15. A method for processing a plurality of financial transactions, comprising the steps of:
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collecting at each of a plurality of non-check processing collection sites one or more envelopes from one or more banking customers, each of the one or more envelopes comprising a unique insignia identifying the envelope and a transaction request comprising a financial instrument and information about a requested banking transaction; at each of the collection sites; (1) preparing a package with a unique insignia identifying the package, the package comprising each of the one or more envelopes collected at the collection site during a predetermined time period, (2) associating the unique insignia of each of the one or more envelopes collected at the collection site with the another unique insignia of the package, and (3) mailing the package from the collection site to a transaction processing center via expedited mail delivery; repeating steps 1-3 for each of the collection sites, thereby preparing and mailing a plurality of packages; for each of the packages, tracking the location of each of the one or more envelopes contained within the package during the expedited mail delivery by using the unique insignia of the package to track the location of the package; and processing each of the transaction requests in response to receiving at the transaction processing center each of the packages from the collection sites. - View Dependent Claims (16, 17, 18, 19)
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Specification