Banking system controlled responsive to data bearing records

• US 8,328,091 B2
• Filed: 01/27/2012
• Issued: 12/11/2012
• Est. Priority Date: 04/17/1998
• Status: Expired due to Fees

• Current Assignee: Diebold Nixdorf, Incorporated
• Original Assignee: Diebold Self-Service Systems (Diebold Nixdorf, Incorporated)
• Inventors: Ramachandran, Natarajan
• Primary Examiner(s): Frech, Karl D
• Application Number:
  US13/360,211
• Publication Number:
  US 20120125996A1
• Time in Patent Office: 319 Days
• Field of Search: 235/379, 235/380, 235/462.45, 235/462.44, 235/462.46, 235/472.01, 235/472.02, 235/472.03
• US Class Current: 235/380
• CPC Class Codes: G06Q 20/042 characterized in that the payment protocol involves at least one cheque
• CPC Class Codes: G06Q 20/3276 using a pictured code, e.g. barcode or QR-code, being read by the M-device
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

A banking system operates to allocate funds in accounts in response to data bearing records in the form of paper financial checks. A mobile phone has a camera and a programmable memory. The memory stores phone user data, including a bank account number and an electronic signature. The camera can be used to capture an image of a paper check which has the phone user as the payee. The phone can wirelessly transmit the account number, the electronic signature, and the check image to a bank deposit system. The system can store the check image and the electronic signature in correlated relation in a deposit transaction record. The system can cause the phone user'"'"'s bank account to be credited a cash value corresponding to the check value. Confirmation of the check deposit can be transmitted to the user'"'"'s phone.

Claims

1. A method comprising:

(a) operating at least one computer of a check deposit system to receive data transmitted from a mobile phone having an address,

wherein the data includes check image data that corresponds to an image of a financial check having a financial value,

wherein the check deposit system includes at least one data store,

wherein the at least one data store includes a plurality of phone addresses,

wherein each respective phone address is correlated in the at least one data store with a respective financial account,

 

wherein each respective financial account is associated in the at least one data store with a respective endorsing manner in which a check is to be endorsed for deposit by the check deposit system on behalf of a holder of the respective financial account;

(b) operating the at least one computer to determine from use of the data received in (a), the phone address of the mobile phone;

(c) operating the at least one computer to determine from use of the at least one data store, the financial account correlated with the phone address determined in (b);

(d) operating the at least one computer to determine from use of the at least one data store, the endorsing manner associated with the financial account determined in (c);

(e) operating the at least one computer to endorse the check according to the endorsing manner determined in (d), wherein the endorsing includes associating endorsement data with the check image data received in (a); and

(f) operating the at least one computer to cause the financial account determined in (c) to be credited an amount corresponding to the financial value.

2. The method according to claim 1 wherein the data received in (a) includes biometric data, and further comprising

(g) operating the at least one computer to determine that the biometric data received in (a) substantially corresponds to user authorizing data stored in the at least one data store;

and

(h) responsive at least in part to the determination in (g), operating the at least one computer to authorize use of the phone to conduct a check deposit transaction with the check deposit system.

3. The method according to claim 1 wherein in (a) the check image data comprises an image of a paper check captured through operation of the phone.

4. The method according to claim 3 wherein the check deposit system is associated with a bank, and wherein the financial account determined in (c) comprises a customer account held with the bank.

5. The method according to claim 1 wherein the phone has a phone number associated therewith, wherein the phone address comprises the phone number, wherein the check deposit system comprises caller ID, and further comprising

(g) prior to (c), operating the at least one computer to determine the phone number using the caller ID;

wherein (c) includes operating the at least one computer to determine from the at least one data store through use of the phone number determined in (g), the financial account.

6. The method according to claim 5 and further comprising

(h) operating the at least one computer to cause to be transmitted to the phone via the phone number determined in (g), confirmation that the financial account was credited the amount.

7. The method according to claim 1 wherein the phone address comprises a network address, and further comprising

(g) prior to (c), operating the at least one computer to determine from use of the data received in (a), the network address;

wherein (c) includes operating the at least one computer to determine from the at least one data store through use of the network address determined in (g), the financial account,

(h) operating the at least one computer to cause to be sent to the network address determined in (g), confirmation that the financial account was credited the amount.

8. The method according to claim 1

wherein the endorsing manner determined in (d) includes using an electronic signature to endorse the check for deposit,

wherein the financial account determined in (c) is associated in the at least one data store with an electronic signature of the holder of the financial account,

and further comprising

(g) operating the at least one computer to determine from the at least one data store through use of the financial account determined in (c), the electronic signature of the holder of the financial account;

wherein (e) includes associating the electronic signature determined in (g) with the image.

9. The method according to claim 1 wherein in (a) the check image data comprises an electronic check generated through operation of the phone.

10. The method according to claim 1 wherein (a) includes wirelessly receiving the check image data from the mobile phone.

11. The method according to claim 10 and further comprising

(g) operating the at least one computer to cause confirmation that the financial account was credited the amount, to be wirelessly transmitted from the check deposit system to the phone.

12. At least one computer readable medium comprising non-transitory computer executable instructions that when executed by at least one computer of a check deposit system, causes the at least one computer to carry out a method comprising:

(a) operating the at least one computer of the check deposit system to receive data transmitted from a mobile phone having an address,

wherein the data includes check image data that corresponds to an image of a financial check having a financial value,

wherein the check deposit system includes at least one data store,

wherein the at least one data store includes a plurality of phone addresses,

wherein each respective phone address is correlated in the at least one data store with a respective financial account,

 

wherein each respective financial account is associated in the at least one data store with a respective endorsing manner in which a check is to be endorsed for deposit by the check deposit system on behalf of a holder of the respective financial account;

(b) operating the at least one computer to determine from use of the data received in (a), the phone address of the mobile phone;

(c) operating the at least one computer to determine from use of the at least one data store, the financial account correlated with the phone address determined in (b);

(d) operating the at least one computer to determine from use of the at least one data store, the endorsing manner associated with the financial account determined in (c);

(e) operating the at least one computer to endorse the check according to the endorsing manner determined in (d), wherein the endorsing includes associating endorsement data with the check image data received in (a); and

(f) operating the at least one computer to cause the financial account determined in (c) to be credited an amount corresponding to the financial value.

13. At least one computer readable medium comprising non-transitory computer executable instructions that when executed by at least one computer of a check deposit system, causes the at least one computer to carry out a method comprising:

(a) operating the at least one computer of the check deposit system to both

receive data corresponding to an image of a paper check captured through operation of a mobile phone, wherein the check has a financial value, and

receive data sent from the mobile phone corresponding to a financial account associated with a user of the mobile phone; and

(b) operating the at least one computer of the check deposit system to cause the financial account to be credited an amount corresponding to the financial value.

14. The at least one computer readable medium according to claim 13 and further comprising:

(c) operating the at least one computer of the check deposit system to receive signature data sent from the mobile phone, wherein the signature data corresponds to an electronic signature of at least one of the user and the phone.

15. The at least one computer readable medium according to claim 14 wherein (c) includes receiving an electronic signature of the user, and further comprising:

(d) operating the at least one computer to endorse the check for deposit by using the electronic signature of the user.

16. The at least one computer readable medium according to claim 15 wherein (d) includes providing user endorsement of the check by associating the image with the electronic signature of the user.

17. The at least one computer readable medium according to claim 13

wherein the check deposit system includes at least one data store,

wherein the at least one data store associates the financial account with an electronic signature of the user,

and further comprising:

(c) operating the at least one computer to access the electronic signature from the at least one data store;

(d) operating the at least one computer to associate the electronic signature with the image, wherein the association provides user endorsement of the check for deposit.

18. The at least one computer readable medium according to claim 13 wherein (a) includes receiving the data corresponding to a financial account from a mobile phone having an address, and further comprising

(c) operating the at least one computer to determine the address.

19. The at least one computer readable medium according to claim 18 wherein the address determined in (c) comprises a phone number associated with the mobile phone,

and further comprising

(d) operating the at least one computer to cause to be transmitted to the mobile phone via the phone number determined in (c), confirmation that the financial account was credited the amount.

20. The at least one computer readable medium according to claim 18 wherein the address determined in (c) comprises a network address of the mobile phone,

and further comprising

(d) operating the at least one computer to cause to be sent to the network address determined in (c), confirmation that the financial account was credited the amount.