Item-level hold decisioning

US8444050B2 · 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
• Mark David McCue · Charlotte, US

Key dates

• Filing date: Feb 9, 2010
• Grant date: May 21, 2013
• Expiry date: May 13, 2031

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, recommending, and/or placing holds on deposit items. For example, some embodiments provide a method that includes: (a) receiving, from a deposit location during a single deposit transaction, information associated with a first deposit item in the single deposit transaction; (b) receiving, from the deposit location during the single deposit transaction, information associated with a second deposit item in the single deposit transaction; (c) determining, using a processor, during the single deposit transaction, a first hold decision for the first deposit item based at least partially on the information associated with the first deposit item; (d) determining, using a processor, during the single deposit transaction, a second hold decision for the second deposit item based at least partially on the information associated with the second deposit item; (e) communicating, to the deposit location during the single deposit transaction, information associated with the first hold decision; and (f) communicating, to the deposit location during the single deposit transaction, information associated with the …