System and method for remote deposit capture

• US 8,583,526 B2
• Filed: 01/19/2011
• Issued: 11/12/2013
• Est. Priority Date: 11/02/2006
• Status: Active Grant

• Current Assignee: Metropolitan Life Insurance Company (MetLife Incorporated)
• Original Assignee: Metropolitan Life Insurance Company (MetLife Incorporated)
• Inventors: Savage, Jacquelene, Anderson, Don, McDonald, Ana, Weitman, Cheryl
• Primary Examiner(s): NGUYEN, TIEN C
• Application Number:
  US13/009,647
• Publication Number:
  US 20110112967A1
• Time in Patent Office: 1,028 Days
• Field of Search: 705/35, 705/45, 705/41, 705/40, 235/379, 707/E17.009
• US Class Current: 705/35
• CPC Class Codes: G06Q 20/042 characterized in that the payment protocol involves at least one cheque
• CPC Class Codes: G06Q 20/0425 the cheque being electronic only
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• 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
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis
• CPC Class Codes: G06Q 40/08 Insurance
• CPC Class Codes: G06Q 40/12 Accounting

Abstract

A system includes one or more remote check deposit locations, and one or more treasury receipt servers to receive check information captured from the one or more remote check deposit locations, and to receive transaction data from an originating depository financial institution (ODFI), the transaction data including an amount of funds available from clearing the captured check information.

Claims

1. A computer system, comprising:

one or more treasury receipt servers configured to;

receive an electronic image of a check captured from an image capture device;

create an electronic record of the check from said electronic image of the check, said electronic record comprising one or more of;

the dollar amount, routing number, account number, and check serial number;

store said electronic image of the check and said electronic record of the check; and

transmit said electronic image of the check and said electronic record of the check to an originating depository institution, wherein said transmission reduces the delay in availability of the funds associated with said electronic image of the check.

2. The system of claim 1, wherein said one or more treasury receipt servers are further configured to receive transaction data from said originating depository institution, the transaction data including an amount of funds available from clearing said electronic image of the check.

3. The system of claim 2, wherein said transaction data is used to feed cash management or investment activities.

4. The system of claim 2, wherein the treasury receipt server is further configured to feed cash management or investment activities based on an allocation of the funds associated with said electronic image of the check, to one or more cash management or investment accounts.

5. The system of claim 4, wherein the allocation of said funds associated with said electronic image of the check includes only the funds that are forecasted to become available.

6. The system of claim 5, wherein said funds that are forecasted to become available are transferred to said cash management or investment accounts, based on said allocations, immediately or soon after said forecasted funds become available.

7. A computer system, comprising:

an image capture workstation for creating an electronic image of a check, said image capture workstation further comprising a selectively programmed processor for creating an electronic record of the check from said electronic image of the check, said electronic record comprising one or more of;

the dollar amount, routing number, account number, and check serial number; and

one or more treasury receipt servers configured to;

receive said electronic image of the check and said electronic record of the check from said image capture device;

store said electronic image of the check and said electronic record of the check; and

transmit said electronic image of the check and said electronic record of the check to an originating depository institution, wherein said transmission reduces the delay in availability of the funds associated with said electronic image of the check.

8. The system of claim 7, wherein said one or more treasury receipt servers are further configured to receive transaction data from said originating depository institution, the transaction data including an amount of funds available from clearing said electronic image of the check.

9. The system of claim 8, wherein said transaction data is used to feed cash management or investment activities.

10. The system of claim 8, wherein the treasury receipt server is further configured to feed cash management or investment activities based on an allocation of the funds associated with said electronic image of the check, to one or more cash management or investment accounts.

11. The system of claim 10, wherein the allocation of said funds associated with said electronic image of the check includes only the funds that are forecasted to become available.

12. The system of claim 11, wherein said funds that are forecasted to become available are transferred to said cash management or investment accounts, based on said allocations, immediately or soon after said forecasted funds become available.

13. A method, comprising:

receiving, via one or more treasury receipt servers, check information captured from one or more computerized workstations;

selecting, via said treasury receipt servers, based on a business rule, an originating depository institution for transmitting the captured check information; and

transmitting said captured check information to said selected originating depository institution, wherein said transmission reduces the delay in availability of the funds associated with said captured check information.

14. The method of claim 13, further comprising the step of receiving transaction data from said originating depository institution, the transaction data including an amount of funds available from clearing said electronic image of the check.

15. The method of claim 14, further comprising the step of feeding cash management or investment activities based on an allocation of the funds associated with said electronic image of the check, to one or more cash management or investment accounts.

16. The system of claim 15, wherein the allocation of said funds associated with said electronic image of the check includes only the funds that are forecasted to become available.