System and method for back office processing of banking transactions using electronic files
First Claim
1. A computer-implemented system for processing banking transactions including paper documents, the system comprising:
- at least one branch host computing system having a branch host computer processor; and
a back office computing system having a back office computer processor, the back office computing system and branch host computing system connected over a network, wherein the branch host computer processor and the back office computer processor are programmed to collectively perform steps including;
capturing first transaction data electronically from at least one paper document associated with each transaction, the first transaction data including at least magnetic ink character recognition data and an amount of each transaction, captured electronically during banking transactions conducted at a point of contact associated with a branch location;
storing the first transaction data in a transaction file at the branch host computing system;
reading the first transaction data from the transaction file;
forwarding the at least one paper document associated with each of the banking transactions conducted at the point of contact to the back office computing system;
generating second transaction data reflecting information associated with the at least one forwarded paper document for each transaction, wherein generating the second transaction data comprises the step of imaging the at least one forwarded paper document associated with each transaction;
linking the first and second transaction data with respect to a common financial transaction; and
processing the first and second transaction data to complete the banking transactions, the processing of the first and second transaction data not including magnetic ink character recognition line data completion and amount key entry unless an exception item is detected during the processing of the first and second transaction data.
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Accused Products
Abstract
As banking transactions are processed by a bank teller, all of the relevant information with respect to the transaction (e.g., dollar amount) is captured in an electronic file. Each of the electronic files from the various branches of the bank are forwarded to a central back office processing center where the electronic files are combined into a single Transaction Repository. At the end of the branch day, all of the paper associated with the transactions is forwarded from the branches to the back office processing center. The paper transactions are imaged in the conventional manner and the Magnetic Ink Character Recognition (MICR) data is read from the paper. The present invention then automatically correlates the images and MICR data captured from the paper with the complete transaction record contained in the Transaction Repository. Most of the conventional back office processing can now be performed without the need to perform character recognition and without the need for excess human intervention.
146 Citations
35 Claims
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1. A computer-implemented system for processing banking transactions including paper documents, the system comprising:
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at least one branch host computing system having a branch host computer processor; and a back office computing system having a back office computer processor, the back office computing system and branch host computing system connected over a network, wherein the branch host computer processor and the back office computer processor are programmed to collectively perform steps including; capturing first transaction data electronically from at least one paper document associated with each transaction, the first transaction data including at least magnetic ink character recognition data and an amount of each transaction, captured electronically during banking transactions conducted at a point of contact associated with a branch location; storing the first transaction data in a transaction file at the branch host computing system; reading the first transaction data from the transaction file; forwarding the at least one paper document associated with each of the banking transactions conducted at the point of contact to the back office computing system; generating second transaction data reflecting information associated with the at least one forwarded paper document for each transaction, wherein generating the second transaction data comprises the step of imaging the at least one forwarded paper document associated with each transaction; linking the first and second transaction data with respect to a common financial transaction; and processing the first and second transaction data to complete the banking transactions, the processing of the first and second transaction data not including magnetic ink character recognition line data completion and amount key entry unless an exception item is detected during the processing of the first and second transaction data. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20)
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21. A computer-implemented system for processing banking transactions including paper documents, the system comprising;
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a back office computing system including a back office computer processor, the back office computing system disposed in a back office location; and at least one branch computing system including at least a memory and at least one computer processor, the at least one computer processor and the back office computer processor programmed to collectively perform steps including; capturing first transaction data from at least one paper document associated with each transaction, the first transaction data including magnetic ink character recognition data and an amount of each transaction, the first transaction data reflecting transactions processed at a point of contact, wherein there are a plurality of points of contact and capturing the first transaction data further comprises the step of capturing the first transaction data with respect to transactions conducted at the plurality of points of contact; storing the first transaction data in at least one electronic transaction file in the memory of the at least one computing system; transmitting the at least one electronic transaction file to a back office computing device in a back office location; forwarding the at least one paper document associated with each of the transactions conducted at each point of contact to the back office computing device; reading the first transaction data from the at least one electronic transaction file; generating, at the back office location, second transaction data reflecting information associated with the at least one forwarded paper document for each transaction, wherein generating the second transaction data comprises the step of imaging the at least one forwarded paper document associated with each transaction; linking the first and second transaction data with respect to a common transaction; and performing financial processing with the first and second transaction data, the processing of the first and second transaction data not including magnetic ink character recognition line data completion and amount key entry unless an exception item is detected during the processing of the first and second transaction data. - View Dependent Claims (22, 23, 24, 25, 26, 27)
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28. A system for processing banking transactions conducted at a point of contact, the system comprising:
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a workstation, the workstation electronically capturing first transaction data reflecting transactions processed at a point of contact; a memory coupled to the workstation, the memory storing the first transaction data in an electronic transaction file; and a remote processing facility coupled to the memory, the remote processing facility; receiving the paper documents, generating second transaction data reflecting information contained on the paper documents, reading the first transaction data from the electronic transaction file, linking the first and second transaction data with respect to a common financial transaction, and performing financial processing using the first and second transaction data. - View Dependent Claims (29, 30, 31, 32, 33, 34, 35)
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Specification