Atomic deposit transaction

• US 7,962,411 B1
• Filed: 09/30/2008
• Issued: 06/14/2011
• Est. Priority Date: 09/30/2008
• Status: Active Grant

• Current Assignee: United Services Automobile Association
• Original Assignee: United Services Automobile Association
• Inventors: Prasad, Bharat, Pollack, Jeffrey N.
• Primary Examiner(s): Colbert; Ella
• Assistant Examiner(s): OJIAKU, CHIKAODINAKA
• Application Number:
  US12/242,152
• Time in Patent Office: 987 Days
• Field of Search: 705/35, 705/44, 705/45
• US Class Current: 705/45
• CPC Class Codes: G06Q 20/00 Payment architectures, schemes or protocols apparatus for performing or posting payment transactions G07F7/08, G07F19/00; electronic cash registers G07G1/12
• CPC Class Codes: G06Q 20/042 characterized in that the payment protocol involves at least one cheque
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof

Abstract

A user may generate a digital image of a negotiable instrument such as a check. The digital image may be transmitted to an institution in a digital image file for deposit of the check. After the user selects to submit the digital image file, the digital image file may be sent from a user computing device to the institution. The user computing device may be decoupled from the transaction once the submission of the digital image file for deposit of the check is made. The transaction is thereafter managed by the institution. Incomplete transactions are avoided by moving the transaction processing to the server side at the institution after the user submits the digital image file. This may be referred to as an atomic deposit transaction.

Claims

1. An atomic deposit transaction method, comprising:

receiving a request for instantiation of a remote deposit transaction and user authentication credentials from a user owned computing device;

receiving, at a server of a financial institution, an image of a physical negotiable instrument from the user owned computing device, the image of the physical negotiable instrument generated by a general purpose imaging device coupled to the user owned computing device;

proceeding with the remote deposit transaction by the server of the financial institution including processing the image of the physical negotiable instrument without receiving any user-specified information from the user owned computing device after receiving the image; and

depositing funds of the physical negotiable instrument into a deposit account of the user associated with the deposit system without receiving any user-specified information from the user owned computing device after receiving the image.

2. The method of claim 1, further comprising providing a website to the user computing device, the request for access to the deposit system being received via the website.

3. The method of claim 2, wherein the image of the physical negotiable instrument is received via the website.

4. The method of claim 1, wherein the image of the physical negotiable instrument is received via email.

5. The method of claim 1, wherein processing the image of the physical negotiable instrument comprises obtaining financial information pertaining to the negotiable instrument from the image and depositing the funds is based on the financial information.

6. The method of claim 5, further comprising determining whether the financial information is invalid, and if so, transferring the financial information to a representative.

7. The method of claim 1, further comprising receiving secondary data relating to the negotiable instrument prior to processing the image of the physical negotiable instrument.

8. A computer-readable medium comprising computer-readable instructions for an atomic deposit transaction, said computer-readable instructions executable by a processor:

receive a request for instantiation of a remote deposit transaction and user authentication credentials from a user owned computing device;

receive, at a server of the financial institution, an image of a physical negotiable instrument from the user owned computing device, the image of the physical negotiable instrument generated by a general purpose imaging device coupled to the user owned computing device;

proceed with the remote deposit transaction including processing the image of the physical negotiable instrument by the server of the financial institution without receiving any user-specified end-of-transaction information from the user owned computing device after receiving the image; and

deposit funds of the physical negotiable instrument into a deposit account of the user associated with the deposit system without receiving any user-specified information from the user owned computing device after receiving the image.

9. The computer-readable medium of claim 8, further comprising instructions that provide a website to the user computing device, the request for access to the deposit system being received via the website.

10. The computer-readable medium of claim 9, wherein the image of the physical negotiable instrument is received via the website.

11. The computer-readable medium of claim 8, wherein the image of the physical negotiable instrument is received via email.

12. The computer-readable medium of claim 8, wherein the instructions that process the image of the physical negotiable instrument comprise instructions that obtain financial information pertaining to the physical negotiable instrument from the image and deposit the funds based on the financial information.

13. The computer-readable medium of claim 12, further comprising instructions that determine whether the financial information is invalid, and if so, transfer the financial information to a representative.

14. The computer-readable medium of claim 8, further comprising instructions that receive secondary data relating to the physical negotiable instrument prior to processing the image of the physical negotiable instrument.

15. A system for atomic deposit transaction, comprising:

a memory;

a processor disposed in communication with said memory, and configured to issue a plurality of processing instructions stored in the memory, wherein the processor issues instructions to;

receive a request for instantiation of a remote deposit transaction and user authentication credentials from a user owned computing device;

receive, at a server of the financial institution, an image of a physical negotiable instrument from the user owned computing device, the image of the physical negotiable instrument generated by a general purpose imaging device coupled to the user owned computing device;

proceed, by the server of the financial institution, with the remote deposit transaction including processing the image of the physical negotiable instrument without receiving any user-specified end-of-transaction information from the user owned computing device after receiving the image; and

deposit funds of the physical negotiable instrument into a deposit account of the user associated with the deposit system without receiving any user-specified information from the user owned computing device after receiving the image.

16. The system of claim 15, wherein the processor further issues instructions to provide a website to the user computing device, the request for access to the deposit system being received via the website.

17. The system of claim 16, wherein the image of the physical negotiable instrument is received via the website.

18. The system of claim 15, wherein the image of the physical negotiable instrument is received via email.

19. The system of claim 15, wherein the processor further issues instructions to process the image of the physical negotiable instrument comprises at least one subsystem that obtains financial information pertaining to the physical negotiable instrument from the image and deposits the funds based on the financial information.

20. The system of claim 19, wherein the processor further issues instructions to determine whether the financial information is invalid, and if so, transfers the financial information to a representative.

21. The system of claim 15, wherein the processor further issues instructions to receive secondary data relating to the physical negotiable instrument prior to processing the image of the physical negotiable instrument.