Systems and methods for remote deposit of negotiable instruments with non-payee institutions

• US 8,799,147 B1
• Filed: 10/31/2006
• Issued: 08/05/2014
• Est. Priority Date: 10/31/2006
• Status: Active Grant

• Current Assignee: United Services Automobile Association
• Original Assignee: United Services Automobile Association
• Inventors: Walls, Carol Ann, Gavia, Gabriel Glenn
• Primary Examiner(s): FELTEN, DANIEL S
• Application Number:
  US11/591,273
• Time in Patent Office: 2,835 Days
• Field of Search: 705/38, 705/39, 705/40
• US Class Current: 705/38
• 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

Abstract

Various systems, methods and computer-readable media with computer-executable instructions are disclosed for remotely depositing negotiable instruments with non-payee financial institutions, such payor financial institutions, any intermediate financial institutions (those between payor and payee financial institutions), or third party enterprises. For example a data set comprising any one of a data image, alpha-numeric data, and metadata can be submitted with a non-payee bank. This set of data may be associated with a negotiable instrument that an account holder may have received as a payee. After the negotiable instrument is transformed into the data set, this data set can be used to clear funds to the payee'"'"'s account using only the electronically and remotely submitted data set.

Claims

1. An electronic system for depositing negotiable instruments with non-payee financial institutions, comprising:

a memory; and

a processor disposed in communication with the memory, and configured to execute a plurality of processing instructions stored in the memory to;

receive at least one set of data associated with at least one negotiable instrument from a customer;

wherein the at least one set of data includes image data of the at least one

negotiable instrument, alpha-numeric data associated with the at least one negotiable instrument, and metadata associated with the at least one negotiable instrument; and

provide at least one subset of the at least one set of data directly to one of a payor financial institution or an intermediate financial institution associated with the at least one negotiable instrument, without previously providing the at least one subset of the at least one set of data to a payee financial institution;

wherein at least one of the payor financial institution or the intermediate financial institution adjusts funds in an account according to the at least one set of data associated with the at least one negotiable instrument.

2. The electronic system according to claim 1, wherein the processor is further configured to receive the at least one set of data and provide the at least one subset of the at least one set of data via one of a client computing device or a server computing device.

3. The electronic system according to claim 1, wherein the processor is further configured to receive the at least one set of data and provide the at least one subset of the at least one set of data via remotely located different computing devices.

4. The electronic system according to claim 1, wherein the financial institution that adjusts funds in the account is one of the payor financial institution, the intermediate financial institution, or the payee financial institution.

5. The electronic system according to claim 1, wherein the processor is further configured to provide a subset of the at least one set of data to the payor financial institution and a different subset of the at least one set of data to a non-payor financial institution.

6. The electronic system according to claim 1, wherein one of a user or a module specifies a destination of the at least one set of data.

7. The electronic system according to claim 1, wherein the electronic system receives at least one confirmation from the payor financial institution of any subset of the at least one set of data that is sent to the payor financial institution.

8. A processor-implemented method for electronically depositing negotiable instruments with non-payee financial institutions, comprising:

electronically receiving via a processor at least one set of data associated with at least one negotiable instrument from a customer, wherein the at least one set of data includes image data of the at least one negotiable instrument, alpha-numeric data associated with the at least one negotiable instrument, and metadata associated with the at least one negotiable instrument; and

electronically providing at least one subset of the at least one set of data directly to one of a payor financial institution or an intermediate financial institution associated with the at least one negotiable instrument, without previously providing the at least one subset of the at least one set of data to a payee financial institution;

wherein at least one of the payor financial institution or the intermediate financial institution adjusts funds in an account according to the at least one set of data associated with the at least one negotiable instrument.

9. The method according to claim 8, further comprising electronically receiving the at least one set of data and electronically providing the at least one subset of the at least one set of data via one of a client computing device or a server computing device.

10. The method according to claim 8, further comprising electronically receiving the at least one set of data and electronically providing the at least one subset of the at least one set of data via different computing devices located remotely from each other.

11. The method according to claim 8, wherein the financial

institution that adjusts funds in the account is one of the payor financial institution, the intermediate financial institution, or the payee financial institution.

12. The method according to claim 8, further comprising electronically providing a first subset of the at least one set of data to the payor financial institution and a second subset of the at least one set of data, different than the first subset, to a non-payor financial institution.

13. The method according to claim 8, further comprising specifying a destination of the at least one set of data by one of a user or a module.

14. The method according to claim 8, further comprising electronically receiving at least one confirmation from the payor financial institution of any subset of the at least one set of data that is sent to the payor financial institution.

15. A non-transitory computer readable medium storing computer executable instructions, the computer executable instructions executable by a processor to:

receive at least one set of data associated with at least one negotiable instrument from a customer, wherein the at least one set of data includes image data of the at least one negotiable instrument, alpha-numeric data associated with the at least one negotiable instrument, and metadata associated with the at least one negotiable instrument; and

provide at least one subset of the at least one set of data directly to one of a payor financial institution or an intermediate financial institution associated with the at least one negotiable instrument, without previously providing the at least one subset of the at least one set of data to a payee financial institution;

wherein at least one of the payor financial institution or the intermediate financial institution adjusts funds in an account according to the at least one set of data associated with the at least one negotiable instrument.

16. The non-transitory computer readable medium according to claim 15, further comprising computer executable instructions to electronically receive the at least one set of data and electronically provide the at least one subset of the at least one set of data via one of a client computing device or a server computing device.

17. The non-transitory computer readable medium according to claim 15, further comprising computer executable instructions to electronically receive the at least one set of data and electronically provide the at least one subset of the at least one set of data via different computing devices located remotely from each other.

18. The non-transitory computer readable medium according to claim 15, wherein the financial institution that adjusts funds in the account is one of the payor financial institution, the intermediate financial institution, or the payee financial institution.

19. The non-transitory computer readable medium according to claim 15, further comprising computer executable instructions to electronically provide a first subset of the at least one set of data to the payor financial institution and a second subset of the at least one set of data, different than the first subset, to a non-payor financial institution.

20. The non-transitory computer readable medium according to claim 15, further comprising computer executable instructions to specify a destination of the at least one set of data by one of a user or a module.

21. The non-transitory computer readable medium according to claim 15, further comprising computer executable instructions to electronically receive at least one confirmation from the payor financial institution of any subset of the at least one set of data that is sent to the payor financial institution.