Expanded mass data sets for electronic check processing
First Claim
1. A computer-implemented method for creating an expanded mass data set of a financial data file to process a check for payment, comprising the steps of:
- identifying via a data capture module financial data related to the check, the financial data comprising “
on us”
data and “
auxiliary on us”
data;
storing, by the data capture module, the “
on us”
data in a first field of a financial data file;
storing, by the data capture module, the “
auxiliary on us”
data in a second field of the financial data file;
truncating, by the data capture module, the “
auxiliary on us”
data;
storing, by the data capture module, the truncated “
auxiliary on us”
data in a third field of the financial data file; and
creating, by a presentment module, a substitute check comprising at least certain of the data in the financial data file,wherein each of the data capture module and the presentment module is implemented in a computer system that comprises instructions stored in a machine-readable medium and a processor that executes the instructions.
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Accused Products
Abstract
Accommodating the data needed to process checks for payment under the Check Clearing for the 21st 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.
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Citations
49 Claims
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1. A computer-implemented method for creating an expanded mass data set of a financial data file to process a check for payment, comprising the steps of:
-
identifying via a data capture module financial data related to the check, the financial data comprising “
on us”
data and “
auxiliary on us”
data;storing, by the data capture module, the “
on us”
data in a first field of a financial data file;storing, by the data capture module, the “
auxiliary on us”
data in a second field of the financial data file;truncating, by the data capture module, the “
auxiliary on us”
data;storing, by the data capture module, the truncated “
auxiliary on us”
data in a third field of the financial data file; andcreating, by a presentment module, a substitute check comprising at least certain of the data in the financial data file, wherein each of the data capture module and the presentment 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, 10, 11, 12, 13, 14, 15)
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16. A computer-implemented method for creating an expanded mass data set of a financial data file to process a check for payment, comprising the steps of:
-
identifying, via a data capture module, financial data related to the check, the financial data comprising “
on us”
data and “
auxiliary on us”
data;storing, by the data capture module, the “
on us”
data in a first field of a financial data file;storing, by the data capture module, the “
auxiliary on us”
data in a second field of the financial data file;truncating, by the data capture module, the “
on us”
data;storing, by the data capture module, the truncated “
on us”
data in a third field of the financial data file; andcreating, by a presentment module, a substitute check comprising at least certain of the data in the financial data file, wherein each of the data capture module and the presentment 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 (17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28)
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29. A system for creating an expanded mass data set of a financial data file to process a check for payment, comprising:
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a data capture module operable to; identify financial data related to the check, the financial data comprising “
on us”
data and “
auxiliary on us”
data, andtruncate the “
on us”
data; anda 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, andstore the truncated “
on us”
data in a third field of the financial data file; anda presentment module that creates a substitute check comprising at least certain of the data in the financial data file. - View Dependent Claims (30, 31, 32, 33, 34)
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35. A system for creating an expanded mass data set of a financial data file to process a check for payment, comprising:
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means for identifying financial data related to the check, the financial data comprising “
on us”
data and “
auxiliary on us”
data;means for storing the “
on us”
data in a first field of a financial data file;means for storing the “
auxiliary on us”
data in a second field of the financial data file;means for truncating the “
on us”
data;means for storing the truncated “
on us”
data in a third field of the financial data file; andmeans for creating a substitute check comprising at least certain of the data in the financial data file. - View Dependent Claims (36, 37, 38, 39, 40, 41)
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42. A computer-implemented method for creating an expanded mass data set of a financial data file to process a check for payment, comprising the steps of:
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identifying, by a computer, financial data related to the check, the financial data comprising “
on us”
data and “
auxiliary on us”
data;storing, by the computer, the “
on us”
data in a first field of a financial data file;storing, by the computer, the “
auxiliary on us”
data in a second field of the financial data file;truncating, by the computer, the “
auxiliary on us”
data;storing, by the computer, the truncated “
auxiliary on us”
data in a third field of the financial data file; andcreating, by the computer, a substitute check comprising at least certain of the data in the financial data file. - View Dependent Claims (43, 44, 45)
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46. An apparatus for creating an expanded mass data set of a financial data file to process a check for payment, comprising:
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a computer processor configured to identify financial data related to the check, the financial data comprising “
on us”
data and “
auxiliary on us”
data, andtruncate the “
on us”
data; anda storage device that stores the identified “
on us”
data in a first field of a financial data file,stores the identified “
auxiliary on us”
data in a second field of the financial data file, andstores the truncated “
on us”
data in a third field of the financial data file, whereinthe computer processor is further configured to create a substitute check comprising at least certain of the data in the financial data file. - View Dependent Claims (47, 48, 49)
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Specification