126 results about "Cheque" patented technology

A server computer system includes a communications module; at least one processor coupled to the communications module; and a memory coupled to the at least one processor, the memory storing processor-executable instructions which, when executed by the at least one processor, configure the at least one processor to receive, via the communications module, an indication that a cheque clearing process has been initiated for a cheque; obtain an account number and a routing number for the cheque; perform a lookup to identify a payor of the cheque; and send, via the communications module and to a client device associated with the payor of the cheque, a real-time update indicating that the cheque has been submitted for collection.

A computer system for automatically handling and releasing funds for deposit items has a memory storing instructions that, when executed by a processor, cause the system to receive an image of a cheque received and scanned by an automated teller machine (ATM) for deposit into a first account of an institution associated with the ATM. The scanned image of the cheque is analyzed to identify an institution and account on which that cheque is drawn. If that account has sufficient available funds to cover the cheque, then the first account is credited in the amount of the cheque without placing a hold on any of the credited amount and funds of the account on which the cheque is drawn are encumbered in that same amount. After crediting the first account, an indication is provided that the funds are available (e.g., to withdraw). Related methods and computer-readable media are also disclosed.

An image of a check that is in the field of view of a camera is monitored prior to the image of the check being captured. The camera is associated with a mobile device. When the image of the check in the field of view passes monitoring criteria, an image may be taken by the camera and provided from the mobile device to a financial institution. The image capture may be performed automatically as soon as the image of the check is determined to pass the monitoring criteria. The check may be deposited in a user's bank account based on the image. Any technique for sending the image to the financial institution may be used. Feedback may be provided to the user of the camera regarding the image of the check in the field of view.

A computer implemented method, system, and non-transitory computer-readable device that may be used in a remote deposit environment. Upon receiving a user request, based on interactions with the UI, the method implements an electronic deposit of a financial instrument by activating a camera on the client device to generate a live video stream of image data of a field of view of at least one camera, wherein the live video stream includes imagery of at least a portion of each side of the financial instrument. The method continues by extracting data fields based on the formation of image objects on one or more sides of the financial instrument from the live video stream of image data. An EFT conversion of extracted data fields may be processed during or subsequent to the extraction process. A message is sent from a payee to a payor requesting the EFT. Upon acceptance, an EFT to the payee occurs. Upon denial, the remote deposit process is completed.

Remote deposit of checks can be facilitated by a financial institution. A customer's general purpose computer and image capture device may be leveraged to capture an image of a check and deliver the image to financial institution electronics. Additional data for the transaction may be collected as necessary. The transaction can be automatically accomplished utilizing the images and data thus acquired.

Aspects of the embodiments described herein are related to systems, methods, and computer products for performing automatic check fraud detection. Aspects of embodiments described herein provide artificial intelligence systems and methods that analyze an image of an incoming check, compare the features of the image to the associated features on a reference check, and generate a check fraud score based on the comparison, and either approve the incoming check or flag the incoming check for manual review.

Disclosed embodiments may include a method for systems and methods for providing mobility-impaired transactional or identify documents processing. The method may include receiving login credentials associated with an account and a request to deposit a check into the account, and identifying, using an image recognition model, a presence of a check in a visual field of the image capture device. Then the method may include obtaining, via the image capture device, a plurality of digital images of a front side of the check, and generating, based on the plurality of digital images of the front side of the check, a composite image of the front side of the check. The method may further include creating a recording of an endorsement gesture and transmitting the composite image of the front side of the check and the recording of the endorsement gesture to a back-end server.

A system comprising: a check Image Record (CIR) database configured to store, for each of a plurality of accounts, a CIR, wherein each CIR comprises feature information related to features extracted from a plurality of reference checks associated with the associated account of the plurality of accounts; memory configured to store instructions; and a processor coupled with the CIR database and the memory, the processor configured to run the instructions, which cause the processor to: receive an image of a test check associated with an account of the plurality of accounts, extract feature information from the image, compare the features with the feature information stored in the CIR database for the account associated with the test check, generate a fraud score, and update each CIR by determining.

A digital checking system retrieves a first non-fungible token of a digital check from a distributed ledger implemented by a blockchain. The first token includes (i) a set of parameters of the digital check and (ii) a first service data describing a first transaction performed on the digital check. The set of parameters of the digital check includes a check amount, a payor, a payee, a check date, a bank identifier, and a user signature of the digital check. The system receives a second service data describing a second transaction performed on the digital check that is subsequent to the first transaction. The system stores a second non-fungible token of the digital check into the distributed ledger. The second token includes (i) the set of parameters of the digital check and (ii) the second service data.

Methods and systems for processing a financial instrument, such as a check, are provided. An example method includes performing a text extraction process on a check image to obtain check textual information, and decoding an intelligent mail barcode (IMB) in the check image to obtain a character code. The method further includes utilizing the character code to extract encoded check information including a payee ZIP code from the IMB. The method also includes performing a fraud detection process on the check image based on at least one of (1) scores generated during the text extraction process, or (2) inconsistency between the check textual information and the encoded check information.

Systems and methods for processing checks with machine-readable optical labels are disclosed. In one embodiment, a method for processing checks with machine-readable optical labels may include (1) receiving, by a presenting bank computer program executed by an electronic device, a check comprising a machine-readable optical label printed thereon, wherein the machine-readable optical label comprises a payor bank routing number that is encrypted with a private key for a payor bank; (2) reading, by the presenting bank computer program, the machine-readable optical label; (3) decrypting, by the presenting bank computer program, the machine-readable optical label using a public key corresponding to the private key; (4) identifying, by the presenting bank computer program, the payor bank routing number from the machine-readable optical label; and (5) routing, by the presenting bank computer program, the check to the payor bank associated with the payor bank routing number.

Systems and methods for distributed ledger-based check verification are disclosed. In one embodiment, a method may include a bank backend computer program: (1) receiving, from a computer application executed by an electronic device, an image of a presented check as part of an electronic check deposit process; (2) performing optical character recognition on the image of the presented check; (3) generating a text file based on the optical character recognition; (4) querying a distributed ledger in a distributed ledger network to determine whether the presented check has been presented or cleared before; (5) determining that the presented check has not been presented or cleared before; (6) processing the presented check for deposit; and (7) writing the text file for the presented check to the distributed ledger.

A system (100) for automating the reconciliation of payroll checks and direct debits with bank statements in an ERP system, comprising: a) a payroll data extraction module configured to retrieve payroll records from a payroll database, including pay details, check numbers, and direct debit amounts; b) a bank statement integration module configured to retrieve bank transaction records from an associated bank account, including check numbers, direct debit references, transaction amounts, and transaction dates; c) a reconciliation module configured to automatically compare the payroll data with the bank transaction records based on predefined criteria, such as check numbers, payment amounts, and transaction dates;d) a discrepancy resolution module configured to enable user intervention in the event of non-matching transactions and to permit manual adjustments and updates; e) a reporting and audit trail module configured to generate reports detailing the reconciliation process and providing an audit trail of the actions performed during the reconciliation process; f) a real-time notifications and alerts module configured to send notifications of discrepancies or required actions to the relevant users; and g) an ERP integration and synchronization module configured to update the financial data, including bank balances and general ledger entries, within the ERP system upon successful reconciliation.

Embodiments of a system and method enable secure connectivity between the computer systems of a financial institution and software for Brand On Banking. Embodiments of the system include an Identity Platform, Know Your Customer (KYC) processes including ID card verification, face verification, document verification such as utility bills as proof of address, and biometric verification, and bank servicing features such as checking, savings, debit, payments, loans, and bill-pay. The secure connectivity is established in various embodiments through private or public Application Programming Interfaces (APIs) over a network service provider, thus eliminating third-party risk for the financial institution. Additionally, the system allows for displaying alternate brands and identifying customers associated with a specific product brand other than the financial institution. The mobile interface is user-friendly and consolidates all financial accounts in one location, reducing customer friction.

To prepare money for withdrawal in advance in a predetermined storage unit in a device of a money processor.SOLUTION: A money processor includes: a first storage unit and a second storage unit for storing money; a conveyor unit that conveys the money; an identification unit that identifies the money conveyed by the conveyor unit; and a control unit that conveys the money in the first storage unit by the identification unit to identify the money in the identification unit, conveys a portion of the money stored in the first storage unit to the second storage unit based on the identification result, and stores a predetermined number of money of each denomination in the second storage unit. The control unit detects a denomination in the insufficient amount of money stored in the first storage unit and, for the denomination in the insufficient amount of money, stores money exceeding a predetermined number of money set for the denomination in the insufficient amount of money in the second storage unit.SELECTED DRAWING: Figure 1

A computer implemented method, system, and non-transitory computer-readable device that may be used in a remote deposit environment. Upon receiving a user request, based on interactions with the UI, the method implements an electronic deposit of a financial instrument by activating a camera on the client device to generate a live video stream of image data of a field of view of at least one camera, wherein the live video stream includes imagery of at least a portion of each side of the financial instrument. The method continues by extracting data fields based on the formation of image objects from one or both sides of the financial instrument from the live video stream of image data. The extracted data fields are converted, based on a payor agreement, into a recurring electronic funds transfer (EFT) schedule for future payments similar to the check.

To identify points to pay attention to and risks in commercial operations and establish an efficient review and approval process in a system which includes means for inputting the content of the commercial operations and presenting the points to pay attention to and risks, means for conducting reviews, and means for performing checks prior to submission for approval.SOLUTION: A system comprises: means for inputting the content of a commercial operation and presenting points to pay attention to and risks; means for conducting reviews; and means for performing checks prior to submission for approval.SELECTED DRAWING: Figure 1

The invention relates to an exchange for paper check transactions via an interbank information network (IIN) architecture. An embodiment of the present invention provides a marketplace for secure collection, assignment and distribution of payments and data from paper check transaction originators to lockbox providers. This eliminates paper checks, resulting in faster deposit into client accounts, better management of payment exceptions, and reduction in overall operating costs. The IIN architecture provides a global platform using blockchain technology for real-time interconnected flow of information that address immediate pain points across the financial industry and enable new services. With an embodiment of the present invention, a distributed network may streamline process for resolving compliance based inquiries and provide global beneficiary account validations. An embodiment of the present invention provides a platform / ecosystem that network participants may use to deliver value-added service applications to other network participants.

A computer implemented method, system, and non-transitory computer-readable device that may be used in a remote deposit environment. Upon receiving a user request, based on interactions with the UI, the method implements an electronic deposit of a financial instrument by activating a camera on the client device to generate a live video stream of image data of a field of view of at least one camera, wherein the live video stream includes imagery of at least a portion of each side of the financial instrument. The method continues by extracting data fields based on the formation of image objects on one or more sides of the financial instrument from the live video stream of image data. An EFT conversion of extracted data fields may be processed during or subsequent to the extraction process. A message is sent from a payee to a payor requesting the EFT. Upon acceptance, an EFT to the payee occurs. Upon denial, the remote deposit process is completed.

A computer-implemented method for granting a user access to an on-line banking area of a website belonging financial institution responsive to receiving the valid user name and password. The method providing the user with account information regarding checking, savings, mortgage, home equity and / or loan accounts held by the user at the financial institution. The method grants the user access to a request tracking area of the website of the financial institution, receive request related data from the user, the request related data including data relating to at least one expense or goal, calculate portions of each expense respectively owed by each of a plurality of participants in the request and track whether a participant has paid. The method includes sending a message to at least one participant, the message requesting payment for the portion owed by the participant and receiving the payment from the participant in various payment forms.

Disclosed in some examples are methods, systems, and machine-readable mediums for simultaneously capturing an image of multiple checks for deposit. An example method includes receiving, by a bank computing system and from a user device, a multi-check image depicting a front side of multiple checks for deposit with a bank during a communication session. The bank computing system may generate a front side image for each of the multiple checks from the multi-check image. The bank computing system may receive electronic signature data for a customer, during the communication session, and generate a back side data for each of the multiple checks using the electronic signature data. A check image file may be stored for each respective check of the multiple checks, with each check image file including the back side data, such as a generated image, and the front side image for the respective check.

The invention relates to a method for producing value documents (1), such as banknotes, checks, credit cards or other payment cards, identity cards or the like. A substrate body (2) having a front side (3) and a rear side (4) is provided, and a printing layer (6) is printed onto the front side (3) of the substrate body (2) using a first ink (5) and a second ink (15). The magnetically orientable pigment is orientated using a magnet device (11), and then the magnetically orientable pigment is fixed by a curing matrix in the orientated state using a curing device (13). At least the first ink (5) is printed in a digital printing process by means of a first print head (7) which releases the first ink (5) in a dot grid in the form of drops such that the printed layer (6) forms a digital printed layer at least with respect to the first ink (5), the first ink (5) and the second ink (15) having two different colors, and the magnetically orientable pigments each comprise a multi-layer composite structure comprising at least a magnetic layer.

The invention relates to a method for producing a security document, such as a banknote, a check, a credit or other payment card, an identification card, or the like, wherein a substrate body (2) having a front (3) and a back (4) is provided as a web element, a film element (8) is provided as a web element, and the film element (8) is pressed against the front (3) of the substrate body (2) in a roll-to-roll process, wherein the film element (8) partially or completely covers the substrate body (2) and is laminated to the substrate body (2). A digital print layer (6) with an ink (10) is printed onto the front (3) of the substrate body (2), and the digital print layer (6) is embedded between the substrate body (2) and the film element (8) in the lamination step.

A payment card or other device (e.g., mobile telephone) is provided with a magnetic emulator operable to communicate data to a magnetic stripe read-head. A user can utilize buttons located on the card to perform activities that would otherwise be performed at an ATM, payment card reader, or by a waitress. A user can provide instructions on a card to accelerate a transaction. The information a user enters can be communicated to a point-of-sale device. For example, a user can enter into his / her card that the user desires $100 withdrawal from a checking account. The user can also enter his / her PIN into the card. The user can swipe his / her card into an ATM and instantly be provided with the desired $100.

A secured credit provider computing system is disclosed. The system includes a processing circuit. The processing circuit can provide, to a user computing device, a passcode corresponding to a product. The processing circuit can receive, from an automated teller machine (ATM), a request corresponding to the product and comprising the passcode. Responsive to determining that the passcode is valid, the processing circuit can cause the ATM to accept a check or paper currency corresponding to a collateral deposit for the product. The processing circuit can receive, from the ATM, a message acknowledging the collateral deposit, the message generated by the ATM upon accepting the check or paper currency. The processing circuit can determine that the collateral deposit satisfies a collateral request for the product and transmit, to the user computing device or the ATM, a notification indicating that the collateral deposit has been approved.

A computerized method verifies an issued check by receiving, from a check issuer computer system of a checking account holder at a payer financial institution, first check information comprising: a first routing number, account number, check number, and dollar amount associated with an issued check. The method also receives, from a computer system of a payee financial institution, second check information comprising a second routing number, account number, check number, and dollar amount from a received check. The second routing number, the second account number, the second check number, and / or the second dollar amount, are read by an electronic device at the payee financial institution. The method determines whether the first check information matches the second check information and sends, to the computer system of the payee financial institution in response to the first check information not matching the second check information, a message indicating potential fraud.

Methods and systems for processing a financial instrument, such as a check, are provided. An example method includes performing a text extraction process on a check image to obtain check textual information, and decoding an intelligent mail barcode (IMB) in the check image to obtain a character code. The method further includes utilizing the character code to extract encoded check information including a payee ZIP code from the IMB. The method also includes performing a fraud detection process on the check image based on at least one of (1) scores generated during the text extraction process, or (2) inconsistency between the check textual information and the encoded check information.

An image capture device coupled to a computing device generates scanned images of customer checks. In operation, a scanned image is generated of a rear side of a check to be deposited that is provided to the image capture device during a current check deposit transaction. A first user interface display is provided via a customer-facing user interface that shows the scanned image of the rear side of the check to be deposited and allows the customer to generate a digital marking for insertion onto the scanned image of the rear side of the check. The scanned image of the rear side of the check is modified to include the digital marking. A teller reviews and approves the digital marking (e.g., signature) in real time during the current check deposit transaction. The current check deposit transaction is completed when the teller approves the digital marking.

Methods and systems for processing a financial instrument, such as a check, are provided. An example method includes performing a text extraction process on a check image to obtain check textual information, and decoding an intelligent mail barcode (IMB) in the check image to obtain a character code. The method further includes utilizing the character code to extract encoded check information including a payee ZIP code from the IMB. The method also includes performing a fraud detection process on the check image based on at least one of (1) scores generated during the text extraction process, or (2) inconsistency between the check textual information and the encoded check information.