Distributed processing of a check image

US9721236B2 · kind B2 · utility

Assignee

• Bank of America Corporation · US

Inventors

• Timmy L. Gauvin · Peachtree City, US
• Kerry Michelle Cantley · Fort Mill, US
• Deborah N. Bennett · Conyers, US
• Eric Scott Sandoz · Concord, US
• Geoffrey R. Williams · Midlothian, US
• James G. Ronca · Decatur, US

Key dates

• Filing date: Aug 9, 2012
• Grant date: Aug 1, 2017
• Expiry date: Jul 28, 2034

Classification

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

Abstract

Apparatus and methods for distributed processing of a check image are provided. A payee may submit a request to deposit a negotiable instrument. The request may be received at a first financial institution. The negotiable instrument may be a check. A transaction record may be generated at the time of the request. The transaction record may be based on information handwritten or printed on the negotiable instrument. The transaction record may be transmitted to a second financial institution. The second financial institution may conduct a fraud analysis based on the transaction record. The second financial institution may transmit a fraud indicator to the first financial institution. Based on the fraud indicator, the first institution may accept or deny the request of the payee. Apparatus and methods may distribute computing resources associated with detection of fraudulent negotiable instrument. The resources may be distributed among the first and second financial institutions.