Image exchange without full MICR qualification

• US 8,573,478 B2
• Filed: 07/19/2010
• Issued: 11/05/2013
• Est. Priority Date: 06/18/2004
• Status: Expired due to Fees

• Current Assignee: Joseph L. Richardson, Joseph M. Rowell
• Original Assignee: Joseph L. Richardson, Joseph M. Rowell
• Inventors: Richardson, Joseph L., Rowell, Joseph M.
• Primary Examiner(s): Mai, Thien T
• Application Number:
  US12/838,784
• Publication Number:
  US 20100281300A1
• Time in Patent Office: 1,205 Days
• Field of Search: 235/487, 235/380, 235/493, 235/379, 235/375, 235/449, 382/119, 382/233, 705/14, 705/26, 705/39, 705/44, 705/45
• US Class Current: 235/379
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/042 characterized in that the payment protocol involves at least one cheque
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• 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: G06V 30/10 Character recognition
• CPC Class Codes: G06V 30/127 with the intervention of an operator
• CPC Class Codes: G06V 30/262 using context analysis, e.g. lexical, syntactic or semantic context

Abstract

A system and related methods of correcting errors during check or financial document processing by a bank of first deposit or other entity receiving a paper check or financial document, or by a second bank on whose accounts the checks were written. These corrections can be performed by the computer system of the bank of first deposit, the computer system of the second bank, or both. MICR or other data may be sent in electronic format from the bank of first deposit or other entity without qualification.

Claims

1. A system for processing documents with data, comprising:

a controller adapted to receive electronic data retrieved or read from one or more documents, said data comprising one or more numbers, each said number comprising one or more individual characters;

further wherein the controller is adapted to perform correction of said electronic data by comparing a number in said data that contains one or more failed characters that were not or could not be read or retrieved, or that were improperly or incorrectly read or retrieved, with a plurality of numbers comprising permissible numbers known for such data, wherein said plurality of permissible numbers are from a list of all valid numbers currently in use for that data and are not determined from any historical transaction data and also are not determined from the data retrieved or read from the document being processed, and automatically and electronically replacing said failed characters with corresponding valid characters from one of said permissible numbers.

2. The system of claim 1, wherein said electronic data comply with the ANSI X9.37 standard.

3. The system of claim 1, wherein said file controller is in communication with means for data storage.

4. The system of claim 3, wherein the means for data storage comprises a database.

5. The system of claim 1, wherein some or all of the data received is without qualification.

8. The system of claim 1, wherein the documents are financial documents.

9. The system of claim 1, wherein the number with one or more failed characters has a first plurality of characters known to be correct and at least one character known to be incorrect or indeterminate.

10. The system of claim 9, wherein the controller is configured to determine all correct numbers from the plurality of permissible numbers that have the first plurality of correct characters.

11. The system of claim 10, wherein the controller is configured to replace all incorrect or indeterminate characters with corresponding characters of the only one correct number, when there is only one number of the plurality of permissible numbers that was determined to be correct.

12. The system of claim 10, wherein the controller is configured to replace a first character of said at least one known incorrect or indeterminate character in a first character position with a replacement character, if all of the permissible correct numbers have said replacement character in respective first character positions of all of said permissible correct numbers.

13. The system of claim 11, wherein the controller is configured to correct the number with one or more failed characters by replacing failed characters in a RAM buffer of the controller.

14. The system of claim 8, wherein the controller is operable to correct numbers with one or more failed characters from at least two data fields on each of the plurality of financial documents by comparing a number from said data fields with a plurality of permissible numbers for each of the data fields, and electronically replacing the number with failed characters with a number from said plurality of permissible numbers.

15. The system of claim 8, wherein the number with failed characters is a bank routing number, and the plurality of permissible numbers comprises valid bank routing numbers.

6. A method for processing documents with data, comprising the steps of:

receiving data about one or more documents in electronic format;

examining the data to determine if any errors exist in the data; and

attempting to correct any errors that have been identified in the data by comparing a number in the received data for the document being processed that contains one or more failed characters that were not or could not be read or retrieved by, or that were improperly or incorrectly read or retrieved by, a document processor, with a plurality of numbers comprising permissible numbers known for such data, wherein said plurality of permissible numbers are from a list of all valid numbers currently in use for that data and are independent of and not derived from any historical transaction data and also are not derived from data retrieved or read from the document being processed, and automatically and electronically replacing said failed characters with corresponding valid characters from one of said permissible numbers.

7. A computer-implemented method for processing transmitted data, comprising the steps of:

receiving in a computer memory electronic data associated with one or more documents;

examining the data associated with a first document to determine if any errors exist in the data;

attempting to correct any errors that have been identified in the data by comparing a number in the data that contains one or more failed characters that are incorrect with a plurality of permissible numbers each including valid characters operable to replace the failed characters, wherein said plurality of permissible numbers are from a list of valid numbers currently in use for that data and are not determined from any historical transaction data and also are not determined from data retrieved or read from the data being processed, and automatically and electronically replacing in a computer memory said failed characters with corresponding valid characters from one of said permissible numbers; and

repeating the examining and attempting to correct steps until all data associated with one or more documents have been processed.