System and method for processing a deposit transaction

• US 8,655,045 B2
• Filed: 02/06/2013
• Issued: 02/18/2014
• Est. Priority Date: 09/27/2001
• Status: Expired due to Fees

• Current Assignee: Cummins-Allison Corporation (Crane Company)
• Original Assignee: Cummins-Allison Corporation (Crane Company)
• Inventors: Jones, John E., Jones, William J., Mennie, Douglas U., Jones, Paul A.
• Primary Examiner(s): BHATNAGAR, ANAND P
• Application Number:
  US13/760,884
• Publication Number:
  US 20130148874A1
• Time in Patent Office: 377 Days
• Field of Search: 382/100, 382/135, 382/136, 382/137, 382/138, 382/139, 382/140, 348/92, 348/135, 705/45, 235/375, 235/379
• US Class Current: 382/135
• CPC Class Codes: G06F 18/00 Pattern recognition
• 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 20/108 Remote banking, e.g. home banking
• CPC Class Codes: G06Q 30/0185 Product, service or business identity fraud
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/12 Accounting
• CPC Class Codes: G07D 7/0043 using barcodes
• CPC Class Codes: G07D 7/0047 using checkcodes, e.g. coded numbers derived from serial number and denomination
• CPC Class Codes: G07D 7/121 Apparatus characterised by sensor details
• CPC Class Codes: G07F 19/20 Automatic teller machines [ATMs]
• CPC Class Codes: G07F 19/202 Depositing operations within ATMs depositing in general G07D11/00

Abstract

A system for tracking currency bills comprises a currency scanning device. The scanning device includes a sensor that retrieves currency identification characteristic information of each bill processed. The currency identification characteristic information permits the unique identification of each bill processed. The system further comprises a customer identification means and means for associating each processed bill with the customer depositing the bill. Means for identifying the customer (or customer account) associated with a particular processed bill after the deposit transaction has been completed is also included in the system.

Claims

1. A method of processing a deposit transaction comprising:

imaging documents associated with the deposit transaction using a customer document processing system, the documents including a plurality of currency bills;

generating electronic data associated with the imaged documents;

making the generated data electronically available to a financial institution;

sending the plurality of currency bills to the financial institution; and

receiving a notice that the sent plurality of currency bills was reconciled by the financial institution.

2. The method of claim 1, wherein the documents further include a plurality of checks.

3. The method of claim 2, further comprising receiving a notice that the deposit of the checks were electronically reconciled by the financial institution.

4. The method of claim 2, wherein the documents further include a deposit slip.

5. The method of claim 2, wherein the generated electronic data includes images of one or more of the checks.

6. The method of claim 2, wherein images of the documents include select numeric character fields printed on the documents, and the generated electronic data includes data extracted from the images including the select numeric character fields, the extracted data including a checking account and routing number for each received check.

7. The method of claim 1, wherein the documents only include the currency bills and a deposit slip.

8. The method of claim 1, wherein the generated electronic data includes images of one or more of the currency bills.

9. The method of claim 1, wherein images of the documents include select numeric character fields printed on the documents, and the generated electronic data includes data extracted from the images including the select numeric character fields.

10. The method of claim 9, wherein the extracted data includes a serial number and denomination of each received currency bill.

11. A document processing system for reconciling a customer deposit transaction, the document processing system comprising:

one or more input receptacles configured to receive a plurality of physical documents including currency bills;

a transport system configured to transport the received plurality of physical documents from the one or more input receptacles to one or more output receptacles;

an image scanner configured to image the received plurality of physical documents;

one or more processors configured to generate, from the images, electronic data associated with the images of the received plurality of physical documents;

one or more communications interfaces configured to transmit to a network the generated electronic data associated with the images of the received plurality of physical documents, the generated electronic data being transmitted prior to sending the plurality of physical documents to a financial institution; and

at least one of the one or more communications interfaces configured to receive from the network a notice that the sent plurality of physical documents was reconciled by the financial institution.

12. The document processing system of claim 11, wherein the generated electronic data includes images of one or more of the currency bills.

13. The document processing system of claim 11, wherein the plurality of physical documents further includes checks.

14. The document processing system of claim 13, wherein the generated electronic data includes images of one or more of the checks.

15. The document processing system of claim 13, wherein the images of the received plurality of physical documents are partial images of select numeric character fields printed on the documents, and the generated electronic data includes data extracted from the partial images of select numeric character fields, the extracted data including a checking account and routing number for each received check.

16. The document processing system of claim 11, wherein the plurality of physical documents further includes a deposit slip.

17. The document processing system of claim 11, wherein the images of the plurality of physical documents are partial images of select numeric character fields printed on the documents, and the generated electronic data includes data extracted from the partial images of select numeric character fields.

18. The document processing system of claim 11, wherein the generated electronic data includes a serial number and denomination of each received currency bill.

19. The document processing system of claim 11, wherein the document processing system is a compact document scanning device that transports, images, and identifies the plurality of physical documents at a rate of between about 300 to 400 documents per minute.

20. The document processing system of claim 19, wherein the plurality of physical documents includes checks, each of the plurality of physical documents having a wide edge and a narrow edge, the plurality of physical documents being transported past the image scanner with the wide edge perpendicular to the direction of transport.

21. The document processing system of claim 11, wherein the document processing system includes a compact document scanning device that transports, images, and identifies the plurality of physical documents at a rate of at least 600 documents per minute.

22. The document processing system of claim 21, wherein the plurality of physical documents includes checks, each of the plurality of physical documents having a wide edge and a narrow edge, the plurality of physical documents being transported past the image scanner with the wide edge perpendicular to the direction of transport.

23. The document processing system of claim 11, wherein the document processing system includes a compact document scanning device that transports, images, and identifies the plurality of physical documents at a rate of at least 800 documents per minute, and wherein the plurality of physical documents includes checks, each of the plurality of physical documents having a wide edge and a narrow edge, the plurality of physical documents being transported past the image scanner with the wide edge perpendicular to the direction of transport.

24. The document processing system of claim 11, wherein the document processing system includes a compact document scanning device that transports, images, and identifies the plurality of physical documents at a rate of at least 1200 documents per minute, and wherein the plurality of physical documents includes checks, each of the plurality of physical documents having a wide edge and a narrow edge, the plurality of physical documents being transported past the image scanner with the wide edge perpendicular to the direction of transport.