Online check register using check imaging

• US 8,676,706 B2
• Filed: 07/30/2010
• Issued: 03/18/2014
• Est. Priority Date: 07/30/2010
• Status: Active Grant

• Current Assignee: Bank of America Corp.
• Original Assignee: Bank of America Corp.
• Inventors: Jones, Alicia C., Agarwal, Zhongmin, Zanzot, Mark D.
• Primary Examiner(s): RANKINS, WILLIAM E
• Application Number:
  US12/847,622
• Publication Number:
  US 20120030105A1
• Time in Patent Office: 1,327 Days
• Field of Search: 705/35
• US Class Current: 705/42
• CPC Class Codes: G06Q 20/042 characterized in that the payment protocol involves at least one cheque
• CPC Class Codes: G06Q 20/108 Remote banking, e.g. home banking
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

Embodiments of the invention relate to systems, methods, and computer program products for maintaining an updated check register in connection with an online banking account of a payor that tracks pending check payments using check imaging technology. Some embodiments of the present invention provide a computer-implemented method including the following steps: receiving an image of at least a portion of a paper check, wherein the portion comprises an indication of an amount of money to be drawn on a financial account, processing the image to determine the amount, identifying the financial account, and recording the amount in connection with the financial account, wherein the recording step occurs prior to receiving any indication that the check has been presented for payment. In addition, the method may also include making the financial account with an indication of the pending payment available to be viewed by the payor.

Claims

1. A system comprising:

a communication device configured to receive images;

a storage device comprising information stored therein relating to a financial account associated with a payor; and

computer readable program code stored on said storage device or a separate storage device; and

a processor communicably coupled to said storage device or storage devices, wherein said computer readable program code comprises instructions that when operated by said processor, causes said processor to;

provide to the payor a web-based online banking account allowing the payor to manage one or more financial accounts and perform one or more transactions using the one or more financial accounts;

operate the communication device to receive an image of at least a portion of a check, wherein the portion comprises an indication of an amount of money to be drawn on the financial account;

process the image to determine the amount;

amend the information relating to the financial account to include the amount prior to receiving any indication that the check has been presented for payment;

transmit the image of at least the portion of the check to the financial account associated with the payor; and

display, via the online banking account, the image of the check.

2. The system of claim 1, wherein said computer readable program code comprises further instructions that when operated by said processor, causes said processor to:

identify the financial account using the image.

3. The system of claim 1, wherein said computer readable program code comprises further instructions that when operated by said processor, causes said processor to:

identify the financial account using information attendant to transmission of the image to the system.

4. The system of claim 3, wherein the information attendant to the transmission of the image comprises information relating to an address from which the image was transmitted.

5. The method of claim 3, wherein the information attendant to the transmission of the image comprises information obtained by the system when the payor logs onto the online banking account.

6. The system of claim 1, wherein the processor amends the information relating to the financial account to include the amount as a pending payment to be drawn on the financial account.

7. The system of claim 1, wherein said computer readable program code comprises further instructions that when operated by said processor, causes said processor to:

make the information relating to the financial account, including the amount, available to be viewed by the payor prior to receiving any indication that the check has been presented for payment.

8. The system of claim 7, wherein the processor amends the information relating to the financial account to include reducing the value of funds available in the financial account by the amount.

9. The system of claim 1, wherein said computer readable program code comprises further instructions that when operated by said processor, causes said processor to:

operate the communication device to receive an indication that a check has been presented by a payee for payment;

determine that the check presented for payment is the same as the check associated with the image of at least a portion of a check;

draw the amount of the check from the financial account; and

amend the information relating to the financial account to include the amount of the check as a debit to the financial account.

10. The system of claim 1, wherein said computer readable program code comprises further instructions that when operated by said processor, causes said processor to:

operate the communication device to receive a second image of at least a portion of the check; and

compare the second image to the image to validate the check.

11. The system of claim 1, wherein said computer readable program code comprises further instructions that when operated by said processor, causes said processor to:

determine that a predefined time period has passed since the image was received;

determine that no indication that the check has been presented by a payee has been received; and

communicate to the payor a notification that the check has not yet been processed for payment.

12. A computer-implemented method comprising:

providing a non-transitory computer-readable medium comprising computer program code stored thereon, wherein said computer program code is specifically configured to cause one or more computer processing devices to perform the following operations when performing the computer program code;

provide to the payor a web-based online banking account allowing the payor to manage one or more financial accounts and perform one or more transactions using the one or more financial accounts;

receiving an image of at least a portion of a paper check, wherein the portion comprises an indication of an amount of money to be drawn on a financial account;

processing the image to determine the amount;

identifying the financial account;

recording the amount in connection with the financial account, wherein said recording step occurs prior to receiving any indication that the check has been presented for payment;

transmitting the image of at least the portion of the check to the financial account associated with the payor; and

displaying, via the online banking account, the image of the check.

13. The method of claim 12, further comprising computer program code specifically configured to cause one or more computer processing devices to perform the following operations when performing the computer program code:

making the financial account with an indication of the pending payment available to be viewed by the payor.

14. The method of claim 12, further comprising computer program code specifically configured to cause one or more computer processing devices to perform the following operations when performing the computer program code:

receiving an indication that a check has been presented by a payee for payment;

determining that the check presented for payment is the same as the check;

drawing the amount of the check from the financial account; and

updating the information stored in connection with the financial account so that the amount of the check is recorded as a debit to the financial account.

15. The method of claim 12, further comprising computer program code specifically configured to cause one or more computer processing devices to perform the following operations when performing the computer program code:

receiving a second image of at least a portion of the check; and

comparing the second image to the image to validate the check.

16. The method of claim 12, further comprising computer program code specifically configured to cause one or more computer processing devices to perform the following operations when performing the computer program code:

determining that a predefined time period has passed since said recording step;

determining that no indication that the check has been presented by a payee has been received; and

communicating to the payor a notification that the check has not yet been processed for payment.

17. The method of claim 12, wherein the image is received from the payor via a network.

18. The method of claim 12, wherein the image was taken using a mobile communication device associated with the payor.

19. The method of claim 12, wherein the financial account is identified by processing the portion of the image to determine a number associated with the financial account.

20. The method of claim 12, wherein the financial account is identified based on information relating to the transmission of the image.

21. The method of claim 20, wherein the information attendant to the transmission of the image comprises information relating to an address from which the image was transmitted.

22. The method of claim 20, wherein the information attendant to the transmission of the image comprises information obtained by the payor logging onto the online banking account.

23. The method of claim 12, wherein making the pending payment available to be viewed by the payor comprises reducing the value of funds available in the financial account by the amount.

24. A computer program product comprising non-transitory a computer-readable medium having computer-executable computer program code portions stored therein, wherein the computer-executable program code portions comprise:

a program code portion configured to provide to the payor a web-based online banking account allowing the payor to manage one or more financial accounts and perform one or more transactions using the one or more financial accounts;

a program code portion configured to receive an image of at least a portion of a check, wherein the portion comprises an indication of an amount of money to be drawn on a financial account associated with a payor;

a program code portion configured to process the image to determine the amount;

a program code portion configured to identify the financial account from which the amount will be drawn after the check is presented for payment;

a program code portion configured to record in connection with the financial account the amount of the check as a pending payment, wherein said recording step occurs prior to receiving any indication that the check has been presented for payment;

a program code portion configured to transmit the image of at least the portion of the check to the financial account associated with the payor; and

a program code portion configured to display, via the online banking account, the image of the check.

25. The computer program product of claim 24, wherein the computer-executable program code portions further comprise:

a program code portion configured to make the pending payment available to be viewed by the payor through the online banking application.

26. A system comprising:

an image capturing device configured to capture images;

a communication device configured to receive images;

a storage device comprising information stored therein relating to a financial account associated with a payor; and

computer readable program code stored on said storage device or a separate storage device; and

a processor communicably coupled to said storage device or storage devices, wherein said computer readable program code comprises instructions that when operated by said processor, causes said processor to;

provide access to a web-based online banking account allowing the payor to manage one or more financial accounts and perform one or more transactions using the one or more financial accounts;

operate the communication device to receive an image of at least a portion of a check, wherein the portion comprises an indication of an amount of money to be drawn on the financial account;

process the image to determine the amount;

amend the information relating to the financial account to include the amount prior to receiving any indication that the check has been presented for payment;

transmit the image of at least the portion of the check to the financial account associated with the payor;

an online banking account of the payor; and

display, via the online banking account, the image of the check.

27. The system of claim 26, wherein the image capturing device comprises a camera on a mobile communications device.

28. The system of claim 27, wherein the mobile communications device is configured to transmit images to said communications device.

29. A computer-implemented method comprising:

capturing an image of at least a portion of a paper check, wherein the portion comprises an indication of an amount of money to be drawn on a financial account;

transmitting the image to a processing device configured to process the image to determine the amount;

identifying the financial account;

recording the amount in connection with the financial account, wherein said recording step occurs prior to receiving any indication that the check has been presented for payment;

transmitting the image of at least the portion of the check to the financial account associated with the payor;

providing to the payor a web-based online banking account allowing the payor to manage one or more financial accounts and perform one or more transactions using the one or more financial accounts; and

displaying, via the online banking account, the image of the check.

30. The method of claim 29, further comprising computer program code specifically configured to cause one or more computer processing devices to perform the following operations when performing the computer program code:

making the financial account with an indication of the pending payment available to be viewed by the payor.

31. The method of claim 29, wherein the image is captured using a camera on a mobile communications device.

32. The method of claim 29, wherein the image is transmitted via a network.