System and methods for handling financial document returns and processing exceptions

US8249396B2 · kind B2 · utility

Assignee

• Bank of America Corporation · US

Inventors

• Bethany M. Axtell · Ravena, US
• Patricia A. S. Fleming · Brea, US
• Douglas P. McKinley · Charlotte, US
• Sharon M. Morris · Dallas, US
• Martin T. Mulligan · Gloversville, US
• Leslie M. Overholser · Severna Park, US
• L. Edward Shaw · Dallas, US
• Gerald M. Vye · New York, US
• Brian Walter · Fort Mill, US

Key dates

• Filing date: Sep 18, 2006
• Grant date: Aug 21, 2012
• Expiry date: May 13, 2029

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q20/04
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A system and methods for handling financial document returns and processing exceptions are disclosed. Embodiments of the invention provide a returns and exceptions platform to image-enable check returns and exceptions within a financial institution. This capability can be in part enabled by a system that provides both for decisioning based on images, and dispatching or exporting images and data in a plurality of formats from the system into which they are first loaded, so that paper items need not be referenced again. The plurality of formats for export can include X9.37i files, external and internal cash letters, and image replacement documents. The image-based processes of the invention can be implemented by a plurality of application servers and a plurality of database servers interconnected by a network.