System and method for image depositing, image presentment and deposit taking in a commercial environment

US9378490B2 · kind B2 · utility

Assignee

• CITICORP CREDIT SERVICES, INC. (USA) · US

Inventors

• Alan Slater · East Brunswick Township, US
• Michael L. Sears · Lewisville, US
• Phoebe Rin-Rin Hsu · San Fernando, US
• Cuong D. Do · Calabasas, US
• H. Patrick McSharry · Los Angeles, US
• Edward M. R. Dudasik · Calabasas, US
• Stephen M. Gryte · Los Angeles, US
• Robert O. Brooks · Cincinnati, US

Key dates

• Filing date: Aug 13, 2010
• Grant date: Jun 28, 2016
• Expiry date: Apr 5, 2033

Classification

• Technology area (CPC G): Physics
• CPC primary: G07F19/203
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A method and system provides for scanning a check and/or cash to create an electronic image of the front and the back of the check and/or cash. The image is then processed and transmitted electronically to a central location. The image may be recreated into a paper form at the central location, resembling the original paper check or cash, including a machine-readable regeneration of the MICR code line data captured from the original instrument. Paperless processing of checks and cash is thus provided, including local voiding and storage of the check without requiring immediate pickup, while still allowing the transaction to be process.