Systems and methods for remote deposit of negotiable instruments with non-payee institutions
First Claim
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 onenegotiable 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.
1 Assignment
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Accused Products
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.
826 Citations
21 Claims
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1. An electronic system for depositing negotiable instruments with non-payee financial institutions, comprising:
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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. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A processor-implemented method for electronically depositing negotiable instruments with non-payee financial institutions, comprising:
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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. - View Dependent Claims (9, 10, 11, 12, 13, 14)
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15. A non-transitory computer readable medium storing computer executable instructions, the computer executable instructions executable by a processor to:
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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. - View Dependent Claims (16, 17, 18, 19, 20, 21)
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Specification