Video financial deposit

• US 7,856,402 B1
• Filed: 04/07/2008
• Issued: 12/21/2010
• Est. Priority Date: 04/07/2008
• Status: Active Grant

• Current Assignee: United Services Automobile Association
• Original Assignee: United Services Automobile Association
• Inventors: Kay, Aaron Robert
• Primary Examiner(s): Dass; Harish T.
• Application Number:
  US12/098,619
• Time in Patent Office: 988 Days
• Field of Search: 235/379, 705/35, 705/45, 705/42, 705/44, 382/100, 382/135, 382/104, 455/422, 725/32, 386/68, 358/1.15
• US Class Current: 705/42
• CPC Class Codes: G06Q 20/042 characterized in that the payment protocol involves at least one cheque
• CPC Class Codes: G06Q 20/108 Remote banking, e.g. home banking
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

A video of a negotiable instrument may be provided from a user to a financial institution so that an image of the negotiable instrument may be obtained from the video and deposited in a user'"'"'s bank account. In an implementation, a user may use a device such as a video camera, a web camera, or a video-enabled phone to convert an endorsed check into a video data file by making a video of the check and storing the video in a video data file. The user may send the video data file to the financial institution, where it may be processed and deposited in an account associated with the user. Any technique for sending a video data file to the financial institution may be used.

Claims

1. A method of depositing a negotiable instrument, comprising:

receiving streamed video data of a negotiable instrument;

processing the streamed video data using a processor, including;

distinguishing automatically between front and back sides of the negotiable instrument;

obtaining financial transaction information from depictions of the negotiable instrument in the streamed video data based on the video processing; and

depositing funds of the negotiable instrument into an account of a financial institution using the financial transaction information.

2. The method of claim 1, wherein receiving the streamed video data file comprises receiving a live streaming video feed from the user.

3. The method of claim 1, wherein receiving the streamed video data file comprises receiving a stored video from the user via streaming.

4. The method of claim 1, wherein receiving the streamed video data file of the negotiable instrument comprises receiving a first video comprising a first side of the negotiable instrument and a second video comprising a second side of the negotiable instrument.

5. The method of claim 4, further comprising determining if the first video comprises valid financial information, and if so, then requesting the second video from the user.

6. A computer-readable medium comprising computer-readable instructions for depositing a negotiable instrument, said computer-readable instructions comprising instructions that:

receive streamed video data of a negotiable instrument;

process the streamed video data using a processor, including;

distinguish automatically between front and back sides of the negotiable instrument;

obtain financial transaction information from depictions of the negotiable instrument in the streamed video data based on the video processing; and

deposit funds of the negotiable instrument into an account of a financial institution using the financial transaction information.

7. The computer-readable medium of claim 6, wherein the instructions that receive the streamed video data file comprise instructions that receive a live streaming video feed from the user.

8. The computer-readable medium of claim 6, wherein the instructions that receive the streamed video data file comprise instructions that receive a stored video from the user via streaming.

9. The computer-readable medium of claim 6, wherein the instructions that receive the streamed video data file comprise instructions that receive a first video comprising a first side of the negotiable instrument and a second video comprising a second side of the negotiable instrument.

10. The computer-readable medium of claim 9, further comprising instructions that determine if the first video comprises valid financial information, and if so, then request the second video from the user.

11. A system for depositing a negotiable instrument, comprising:

one or more computer devices;

at least one subsystem of the one or more computer devices that receives streamed video data of a negotiable instrument;

at least one subsystem of the one or more computer devices that;

processes the streamed video data using a processor, including;

distinguishes automatically between front and back sides of the negotiable instrument; and

obtains financial transaction information from depictions of the negotiable instrument in the streamed video data based on the video processing; and

at least one subsystem of the one or more computer devices that deposits funds of the negotiable instrument into an account of a financial institution using the financial transaction information.

12. The system of claim 11, wherein the at least one subsystem of the one or more computer devices that receives the streamed video data file comprises at least one subsystem that receives a live streaming video feed from the user.

13. The system of claim 11, wherein the at least one subsystem of the one or more computer devices that receives the streamed video data file comprises at least one subsystem that receives a stored video from the user via streaming.

14. The system of claim 11, wherein the at least one subsystem of the one or more computer devices that receives the streamed video data file of the negotiable instrument comprises at least one subsystem that receives a first video comprising a first side of the negotiable instrument and a second video comprising a second side of the negotiable instrument.

15. The system of claim 14, further comprising at least one subsystem of the one or more computer devices that determines if the first video comprises valid financial information, and if so, then requests the second video from the user.