Dual source bank float

US8255322B2 · kind B2 · utility

Assignee

• Bank of America Corporation · US

Inventors

• Kenneth Lee Jaramillo · Clover, US
• Douglas P. Elliott · Kennedale, US
• James A. Kramer · Clover, US
• Melvin Gregory Nixon · Tega Cay, US
• James W. Stark, III · Schenectady, US

Key dates

• Filing date: Dec 29, 2008
• Grant date: Aug 28, 2012
• Expiry date: May 25, 2030

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/02
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Bank float is assigned using a dual source bank float system by first determining which of a plurality of checks will be processed via a paper route and which will be processed via an image route. For the checks that will be processed via the paper route, a set of rules will be determined. For the checks that will be processed via the image route, a different set of rules will be determined. A bank float is applied to the paper checks using the paper set of rules and bank float is assigned to the image checks using the image set of rules.