Expanded mass data sets for electronic check processing

• US 7,594,600 B2
• Filed: 02/22/2006
• Issued: 09/29/2009
• Est. Priority Date: 02/28/2005
• Status: Active Grant

• Current Assignee: Federal Reserve Bank of Cleveland (Federal Reserve System)
• Original Assignee: Federal Reserve Bank of Atlanta (Federal Reserve System), Federal Reserve Bank of Cleveland (Federal Reserve System), Federal Reserve Bank of Dallas (Federal Reserve System), Federal Reserve Bank of Kansas City (Federal Reserve System)
• Inventors: Gonzalez, Pablo, Blake, James A., Herring, Bruce D., Mueller, Randall Lee, Nori, V. Srinivas, Schaadt, Thomas Edwin, Purser, Steven Q.
• Primary Examiner(s): LE, THIEN MINH
• Application Number:
  US11/362,343
• Publication Number:
  US 20060237526A1
• Time in Patent Office: 1,315 Days
• Field of Search: 235/375, 235/379, 235/441, 235/449, 235/382, 235/380, 705/37, 705/35, 382/112, 382/139, 382/137
• US Class Current: 235/375
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/042 characterized in that the payment protocol involves at least one cheque

Abstract

Accommodating the data needed to process checks for payment under the Check Clearing for the 21^st Century Act by using expanded fields of a financial data file. The financial data file can comprise the complete, original MICR data from an original or substitute paper check. The financial data file can comprise truncated data in conventional fields F1-F7 and untruncated data in expanded fields F10-F11. The financial data file further can comprise a result from an image quality analysis performed on an electronic image of the check. The untruncated MICR data and the electronic check image can be used to correct errors in the financial data file and to present the check for payment via a substitute check or an electronic image cash letter. The truncated MICR data can be used to electronically process the check via conventional means.

Claims

1. A computer-implemented system for creating an expanded mass data set of a financial data file to process a check for payment, comprising:

a data capture module operable to;

identify financial data related to the check, the financial data comprising “

on us”

data, “

auxiliary on us”

data, amount data, and routing transit number data, and

truncate the “

on us”

data;

a data storage device operable to;

store the identified “

on us”

data in a first field of a financial data file,

store the identified “

auxiliary on us”

data in a second field of the financial data file,

store the truncated “

on us”

data in a third field of the financial data file,

store the amount data in a fourth field of the financial data file, and

store the routing transit number data in a fifth field of the financial data file;

a reject/repair module operable to;

detect an error in the financial data file, and

identify an electronic image associated with the financial data file; and

a display operable to;

present the electronic image, and

present the amount data stored in the fourth field of the financial data file, the “

on us”

data stored in the first field of the financial data file, the routing transit number data stored in the fifth field of the financial data file, and the “

auxiliary on us”

data stored in the second field of the financial data file,

wherein the reject/repair module is further operable to correct the error in the financial data file based on the presented image.

2. The computer-implemented system according to claim 1, wherein the “

on us”

data comprises at least one of process control data, account number data, and check number data.

3. The computer-implemented system according to claim 1, further comprising an image capturing device operable to capture the electronic image,

wherein the data capture module is further operable to associate the electronic image with the financial data file.

4. The computer-implemented system according to claim 1, wherein the data capture module is further operable to identify a result of an image quality analysis performed on the electronic image, and

wherein the data storage device is further operable to store the identified result in a sixth field of the financial data file.

5. The computer-implemented system according to claim 1, wherein the data capture module comprises at least one of a check sorter and a MICR reader.

6. A computer-implemented system for repairing a financial data file for processing a check for payment, comprising:

a reject/repair module operable to;

detect an error in a financial data file comprising financial data related to a check, the financial data comprising amount data stored in a first field of the financial data file, “

on us”

data stored in a second field of the financial data file, routing transit number data stored in a third field of the financial data file, and “

auxiliary on us”

data stored in a fourth field of the financial data file, and

identify an electronic image associated with the financial data file; and

a display operable to;

present the electronic image associated with the financial data file, and

present the amount data stored in the first field of the financial data file, the “

on us”

data stored in the second field of the financial data file, the routing transit number data stored in the third field of the financial data file, and the “

auxiliary on us”

data stored in the fourth field of the financial data file; and

wherein the reject/repair module is further operable to;

correct the error in the financial data file based on the presented image,

determine whether the corrected data comprises “

on us”

data, and

truncate the corrected “

on us”

data and store the truncated “

on us”

data in a fifth field of the financial data file in response to determining that the corrected data comprises “

on us”

data.

7. The system according to claim 6, wherein correcting the error in the financial data file comprises storing corrected data in one of the second field and the fourth field, the corrected data comprising data resulting from at least one change to the presented data to correspond with information presented on the check image.

8. The system according to claim 6, further comprising the steps of:

determining whether the corrected data comprises amount data; and

storing the corrected amount data in the first field of the financial data file in response to determining that the corrected data comprises amount data.

9. The system according to claim 6, further comprising the steps of:

determining whether the corrected data comprises “

auxiliary on us”

data; and

truncating the corrected “

on us”

data and storing the truncated “

auxiliary on us”

data in a sixth field of the financial data file in response to determining that the corrected data comprises “

auxiliary on us”

data.

10. The system according to claim 6, further comprising the steps of:

determining whether the corrected data comprises routing transit number data; and

storing the corrected routing transit number data in the third field of the financial data file in response to determining that the corrected data comprises routing transit number data.