Video financial deposit

• US 7,912,785 B1
• Filed: 04/07/2008
• Issued: 03/22/2011
• 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:
  US12/098,629
• Time in Patent Office: 1,079 Days
• Field of Search: 709/206, 382/135, 235/454, 705/43, 705/42, 348/150, 348/725, 375/240.01, 375/240.02, 370/392
• US Class Current: 705/42
• CPC Class Codes: G06Q 20/108 Remote banking, e.g. home banking
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

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. An instrument deposit processor-implemented method, comprising:

generating via a processor a video data file of a negotiable instrument based on capturing video of the negotiable instrument;

transmitting the video data file of the negotiable instrument to a financial institution via an Internet connection or a wireless cellular connection;

obtaining an indication that quality of the captured video of the negotiable instrument in the transmitted video data file meets quality requirements for deposit processing of the negotiable instrument; and

receiving notification that funds of the negotiable instrument have been deposited into an account at the financial institution using the transmitted video data file of the negotiable instrument.

2. The method of claim 1, wherein providing the video data file comprises streaming the video data file to the financial institution.

3. The method of claim 2, wherein streaming the video file comprises streaming a live video of the negotiable instrument to the financial institution.

4. The method of claim 1, wherein generating the video data file comprises using a video camera, a web camera, a video-enabled phone, a web-enabled video computing device, a mobile phone, a camcorder, or a computer camera.

5. The method of claim 1, wherein the negotiable instrument comprises a check.

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

generate a video data file of a negotiable instrument based on capturing video of the negotiable instrument;

transmit the video data file of the negotiable instrument to a financial institution via an Internet connection or a wireless cellular connection;

obtaining an indication that quality of the captured video of the negotiable instrument in the transmitted video data file meets quality requirements for deposit processing of the negotiable instrument; and

receive notification that funds of the negotiable instrument have been deposited into an account at the financial institution using the transmitted video data file of the negotiable instrument.

7. The computer-readable medium of claim 6, wherein the instructions that provide the video data file comprise instructions that stream the video data file to the financial institution.

8. The computer-readable medium of claim 7, wherein the instructions that stream the video file comprise instructions that stream a live video of the negotiable instrument to the financial institution.

9. The computer-readable medium of claim 6, wherein generating the video data file comprises using a video camera, a web camera, a video-enabled phone, a web-enabled video computing device, a mobile phone, a camcorder, or a computer camera.

10. The computer-readable medium of claim 6, wherein the negotiable instrument comprises a check.

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 generates a video data file of a negotiable instrument based on capturing video of the negotiable instrument;

at least one subsystem of the one or more computer devices that transmits the video data file of the negotiable instrument to a financial institution via an Internet connection or a wireless cellular connection;

at least one subsystem of the one or more computer devices that obtains an indication that quality of the captured video of the negotiable instrument in the transmitted video data file meets quality requirements for deposit processing of the negotiable instrument; and

at least one subsystem of the one or more computer devices that receives notification that funds of the negotiable instrument have been deposited into an account at the financial institution using the transmitted video data file of the negotiable instrument.

12. The system of claim 11, wherein the at least one subsystem of the one or more computer devices that provides the video data file comprises at least one subsystem that streams the video data file to the financial institution.

13. The system of claim 12, wherein the at least one subsystem of the one or more computer devices that streams the video file comprises at least one subsystem that streams a live video of the negotiable instrument to the financial institution.

14. The system of claim 11, wherein generating the video data file comprises using a video camera, a web camera, a video-enabled phone, a web-enabled video computing device, a mobile phone, a camcorder, or a computer camera.

15. The system of claim 11, wherein the negotiable instrument comprises a check.

16. An instrument deposit system, comprising:

a processor; and

a memory disposed in communication with the processor and storing processor-executable instructions, the instructions comprising instructions to;

generate a video data file of a negotiable instrument based on capturing video of the negotiable instrument;

transmit the video data file of the negotiable instrument to a financial institution via an Internet connection or a wireless cellular connection;

obtain an indication that quality of the captured video of the negotiable instrument in the transmitted video data file meets quality requirements for deposit processing of the negotiable instrument; and

receive notification that funds of the negotiable instrument have been deposited into an account at the financial institution using the transmitted video data file of the negotiable instrument.

17. The system of claim 16, wherein transmitting the video data file comprises streaming the video data file to the financial institution.

18. The system of claim 16, wherein streaming the video file comprises streaming live video of the negotiable instrument to the financial institution.

19. The system of claim 16, wherein the video data file of the negotiable instrument is generated using a video camera, a web camera, a video-enabled phone, a web-enabled video computing device, a mobile phone, a camcorder, or a computer camera.

20. The system of claim 16, wherein the negotiable instrument comprises a check.