Electronic image cash letter monitoring
First Claim
Patent Images
1. A computer-implemented method for tracking an electronic check processing status of an image cash letter (“
- ICL”
) item, comprising the steps of;
receiving an ICL comprising a plurality of ICL items for electronic check processing, each of the ICL items having an individual value;
for each ICL item,processing the ICL item by performing at least one electronic check processing event in connection with the item;
for each electronic check processing event, creating, by a tracking module, a record comprising information related to a status of the electronic check processing event with respect to the ICL item;
associating, by the tracking module, each record with the item; and
determining, by the tracking module, the status of the item based on the information stored in at least one record created by the tracking module and associated with the item;
identifying, by the tracking module, an incoming ICL value amount comprising a sum of the individual values of the items;
identifying, by the tracking module, an outgoing ICL value amount comprising a sum of the individual values of all items in the ICL that have a status of having been presented for payment;
determining, by the tracking module, whether all items in the ICL have been presented for payment by determining whether the incoming ICL value amount equals the outgoing ICL value amount; and
outputting, by the tracking module, a report comprising information regarding the ICL in response to determining that not all of the items in the ICL have been presented for payment,wherein the tracking module is implemented in a computer system that comprises instructions stored in a machine-readable medium and a processor that executes the instructions.
4 Assignments
0 Petitions
Accused Products
Abstract
Monitoring an electronic check processing status of an image cash letter (“ICL”) and items in the ICL includes processing each ICL item by performing at least one electronic check processing event in connection with the item. For each electronic check processing event and for each item, a record comprising information related to a status of the electronic check processing event is created. Each record is associated with the corresponding item and the ICL. A status of each item can be determined based on the information stored in the records corresponding to that item. A status of the ICL can be determined based on the status of the items from the ICL.
144 Citations
29 Claims
-
1. A computer-implemented method for tracking an electronic check processing status of an image cash letter (“
- ICL”
) item, comprising the steps of;receiving an ICL comprising a plurality of ICL items for electronic check processing, each of the ICL items having an individual value; for each ICL item, processing the ICL item by performing at least one electronic check processing event in connection with the item; for each electronic check processing event, creating, by a tracking module, a record comprising information related to a status of the electronic check processing event with respect to the ICL item; associating, by the tracking module, each record with the item; and determining, by the tracking module, the status of the item based on the information stored in at least one record created by the tracking module and associated with the item; identifying, by the tracking module, an incoming ICL value amount comprising a sum of the individual values of the items; identifying, by the tracking module, an outgoing ICL value amount comprising a sum of the individual values of all items in the ICL that have a status of having been presented for payment; determining, by the tracking module, whether all items in the ICL have been presented for payment by determining whether the incoming ICL value amount equals the outgoing ICL value amount; and outputting, by the tracking module, a report comprising information regarding the ICL in response to determining that not all of the items in the ICL have been presented for payment, wherein the tracking module is implemented in a computer system that comprises instructions stored in a machine-readable medium and a processor that executes the instructions. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
- ICL”
-
10. A computer-implemented method for tracking and reporting an electronic check processing status of an image cash letter (“
- ICL”
) item, comprising the steps of;receiving an ICL comprising a plurality of ICL items for electronic check processing, each of the ICL items having an individual value; for each ICL item, tracking, by a tracking module, a status of the item during each of a plurality of electronic check processing events, the electronic check processing events comprising at least one of storing an image corresponding to the item, storing financial data corresponding to the item, storing addenda data corresponding to the item, conducting a reject/repair analysis of the financial data, creating a substitute check file corresponding to the item, creating a new ICL comprising the substitute check file, and presenting the item to a receiving institution for payment; and presenting, by the tracking module, the status of the item in response to a query to obtain the status of the item; identifying, by the tracking module, an incoming ICL value amount comprising a sum of the individual values of the items; identifying, by the tracking module, an outgoing ICL value amount comprising a sum of the individual values of all items in the ICL that have a status of having been presented for payment; determining, by the tracking module, whether all items in the ICL have been presented for payment by determining whether the incoming ICL value amount equals the outgoing ICL value amount; and outputting, by the tracking module, a report comprising information regarding the ICL in response to determining that not all of the items in the ICL have been presented for payment, wherein the tracking module is implemented in a computer system that comprises instructions stored in a machine-readable medium and a processor that executes the instructions. - View Dependent Claims (11, 12, 13, 14, 15, 16, 17, 18, 19)
- ICL”
-
20. A computer-implemented method for tracking an electronic check processing status of an image cash letter (“
- ICL”
) comprising a plurality of ICL items, comprising the steps of;receiving the ICL comprising the plurality of ICL items, each of the ICL items having an individual value; associating each of the items with the ICL; processing the ICL by performing at least one electronic check processing event in connection with each of the items; for each electronic check processing event, creating, by a tracking module, a record comprising information related to a status of the electronic check processing event with respect to each of the items; associating, by the tracking module, each record with a corresponding one of the items; identifying, by the tracking module, an incoming ICL value amount comprising a sum of the individual values of the items; identifying, by the tracking module, an outgoing ICL value amount comprising a sum of the individual values of all items in the ICL that have been presented for payment; determining, by the tracking module, whether all items in the ICL have been presented for payment by determining whether the incoming ICL value amount equals the outgoing ICL value amount; outputting, by the tracking module, a report comprising information regarding the ICL in response to determining that not all of the items in the ICL have been presented for payment; and determining that all items in the ICL have been processed in response to a determination that the incoming ICL value amount equals the outgoing ICL value amount, wherein the tracking module is implemented in a computer system that comprises instructions stored in a machine-readable medium and a processor that executes the instructions. - View Dependent Claims (21, 22, 23, 24, 25, 26, 27, 28, 29)
- ICL”
Specification
-
- Resources
Litigation Campaign Assessment
Thank you for your request. You will receive a custom alert email when the Litigation Campaign Assessment is available.
×
-
Current AssigneeFederal Reserve Bank of Cleveland (Federal Reserve System)
-
Original AssigneeFederal 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)
-
InventorsMueller, Randall Lee, Nori, V. Srinivas, Lendl, Eric, Harris, Steven Joseph, Schaadt, Thomas Edwin, Purser, Steven Q.
-
Primary Examiner(s)Labaze; Edwyn
-
Application NumberUS11/482,360Publication NumberTime in Patent Office1,544 DaysField of Search235/379, 235/375, 235/449, 235/487, 235/493, 705/45US Class Current235/379CPC Class CodesG06Q 20/04 Payment circuitsG06Q 20/042 characterized in that the p...
