Transaction decisioning by an automated device

US10223680B2 · kind B2 · utility

Assignee

• Bank of America Corporation · US

Inventors

• Charles F. Pigg · Plano, US
• Paul Cooley · San Diego, US
• Roberto Jose Dominguez · Thomasville, US
• Tommi Levi · Charlotte, US
• Paul Martin Mattison · Sherrills Ford, US

Key dates

• Filing date: Jun 5, 2015
• Grant date: Mar 5, 2019
• Expiry date: Nov 6, 2036

Classification

• Technology area (CPC G): Physics
• CPC primary: G07F19/202
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Methods, systems, and computer-readable media for determining whether a check may be cashed at an automated teller machine (ATM) are provided. The ATM may capture check image data from the face of the check and the ATM may transmit the data to a check cashing computing platform. The check cashing computing platform may determine whether the account on which the check is drawn is an account of a first financial institution associated with the ATM, or the account is an account of a second financial institution. A first or second set of rules may be applied to the check based on this determination, to determine an overall check cashing risk score. A determination is then made, based on the overall check cashing risk score, as to whether the check may be cashed or the request to cash the check may be denied.