Dynamic hold decisioning using adjusted deposit amount

US8403209B2 · 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: Jun 11, 2012
• Grant date: Mar 26, 2013
• Expiry date: Jun 11, 2032

Classification

• Technology area (CPC G): Physics
• CPC primary: G07F19/211
• WIPO field: Control
• WIPO sector: Instruments

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 an actual deposit amount identified by the deposit item; (c) determining a payee account to receive the deposit item and a drawer account on which the deposit item is drawn; (d) determining a hold limit for the payee account; (e) determining an adjusted deposit amount for the deposit item based at least partially on: (i) the actual deposit amount identified by the deposit item, and (ii) one or more characteristics associated with the drawer account, and (f) determining a hold decision for the deposit item based at least partially on a comparison of the adjusted deposit amount to the hold limit.