System and method to create electronic deposit records and to track the status of a deposit

• US 7,520,421 B2
• Filed: 09/10/2004
• Issued: 04/21/2009
• Est. Priority Date: 09/12/2003
• Status: Expired due to Fees

• Current Assignee: National Financial Services LLC (Finastra Group Holdings Ltd.)
• Original Assignee: National Financial Services LLC (Finastra Group Holdings Ltd.)
• Inventors: Mann, Josh J., Connelly, Kevin H., Salafia, Louis V. III
• Primary Examiner(s): Hess; Daniel A
• Application Number:
  US10/937,512
• Publication Number:
  US 20050108164A1
• Time in Patent Office: 1,684 Days
• Field of Search: 235/379, 235/472.01, 235/375, 235/380, 705/1, 705/16, 705 35- 45
• US Class Current: 235/379
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/047 using payment protocols involving electronic receipts
• 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 20/1085 involving automatic teller machines [ATMs]
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• 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 method of making, tracking and confirming the receipt of bank deposits by a user to a financial institution is disclosed. The method includes first accessing a user account on a database, entering deposit information including the account number and amount of the intended deposit on the database to create an electronic deposit record, and then encoding the deposit information in a machine readable format. The information is then associated with the encoded deposit information in close proximity with the deposit, creating a deposit package. The package is then transmitted to a financial institution or armored car carrier where the machine readable encoded deposit information is read and transmitted to a database that contains information about the account and status of the deposit.

Claims

1. A method of making, tracking and confirming the receipt of bank deposits by a user to a financial institution comprising;

accessing a user account on a database,

entering deposit information on said database to create an electronic deposit record, said information comprising the amount of the intended deposit;

encoding said deposit information in a machine readable format to create a code;

associating said encoded deposit information in close proximity with a deposit creating a deposit package;

transmitting said deposit package to a financial institution;

reading said code thereby creating a signal and transmitting said signal to said database and updating information in said database from said reading thereby providing further information regarding the status of said deposit;

notifying said financial institution when an electronic deposit record has been created; and

notifying said user when said code has not been read after a predetermined time has elapsed after the creation of said electronic deposit record.

2. The method recited in claim 1 wherein said database is provided on a secure internet site.

3. The method recited in claim 1 wherein said bank deposit comprises currency.

4. The method recited in claim 1 wherein said machine readable code comprises a two dimensional bar code.

5. The method system recited in claim 1 wherein said machine readable code comprises a radio frequency identification tag.

6. The method recited in claim 1 wherein said bank deposit information comprises the identity of a depositor, the account number of the depositor, and the total sum of the deposit.

7. The method recited in claim 1 wherein said notification comprises transmitting said confirmation of reception of said deposit via e-mail.

8. The method recited in claim 1 wherein said notification comprises transmitting said confirmation of reception of said deposit and confirmation of the contents of the deposit via e-mail.

9. The method recited in claim 1 wherein said notification comprises transmitting said confirmation of the deposit reception via a wireless communication transmission.