Dynamic hold decisioning

US8191777B2 · kind B2 · utility

Assignee

• Bank of America Corporation · US

Inventors

• Ricardo Davila · Waxhaw, US
• Tommi Levi · Charlotte, US
• David Wayne Barnhardt · Huntersville, US
• David Alan Minsk · Weddington, US
• Roxanne White · Fort Mill, US
• Roberto Jose Dominguez · Thomasville, US

Key dates

• Filing date: Feb 9, 2010
• Grant date: Jun 5, 2012
• Expiry date: Aug 18, 2030

Classification

• Technology area (CPC G): Physics
• CPC primary: G07F19/211
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Embodiments of the present invention relate to methods and apparatuses for determining, communicating, and/or executing hold decisions for deposit items. For example, a method is provided that includes: (a) receiving information associated with a deposit item; (b) determining a deposit amount for the deposit item; (c) determining a payee account to receive the deposit item; (d) determining a hold limit for the payee account; and (e) determining a hold decision for the deposit item based at least partially on a comparison of the deposit amount to the hold limit. In some embodiments, the hold limit is based at least partially on (a) an account balance associated with the payee account, and (b) one or more other characteristics associated with the payee account.