Mobile Check Image Transfer for Remote Verification
Find Innovative SolutionsGenerate Solutions
Solution Overview
Problem
Current mobile banking methods do not allow for the transfer of images of negotiable bank instruments from a first user to a second user for review and verification, limiting the ability to electronically deposit funds into a third party's account.
Innovation Solution
A computer-implemented method that enables the transfer of images and related information of negotiable bank instruments from a first user to a second user for review and verification, allowing for electronic deposit, holding, or returning of funds, utilizing wireless connections and cloud computing environments.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If physical delivery of checks is used, then reliability of document transfer is improved, but loss of time and productivity deteriorate due to manual handling and delivery delays
Solution Approach 1:
The patent creates digital images (copies) of physical checks using a mobile device camera. These digital copies contain all necessary information for processing and can be transmitted electronically, replacing the need for physical check delivery while maintaining the reliability of document transfer through verification protocols.
Solution Approach 2:
The patent replaces the mechanical system of physical check delivery (mail, courier, personal delivery) with an electronic digital transmission system. Images and data are transmitted via wireless networks, eliminating physical transportation delays while maintaining document integrity through cryptographic verification.
2Measurement precision
If multiple checks are processed individually, then measurement precision of each check is improved, but productivity deteriorates due to sequential processing
Solution Approach 1:
The patent segments the check processing system into independent verification modules that can operate simultaneously. Multiple check images and their associated data are processed in parallel through the verification system, allowing each check to receive individualized attention while maintaining high throughput through concurrent operations.
Solution Approach 2:
The patent enables continuous processing of multiple checks by eliminating sequential bottlenecks. The system accepts, verifies, and processes multiple check images simultaneously through parallel computational paths, maintaining continuous productive action without interruption or delays between individual check processing steps.
3Reliability
If physical copies of checks are maintained, then reliability of fund transfer is improved, but loss of substance increases due to paper usage and physical storage requirements
Solution Approach 1:
The patent replaces physical paper checks with digital image copies captured by mobile devices. These digital copies contain all necessary check information and can be transmitted electronically, eliminating the need for physical paper delivery and storage while maintaining transfer reliability through cryptographic verification and authentication protocols.
Solution Approach 2:
The patent changes the physical state of the check from paper format to digital image format. This parameter change eliminates material consumption (paper) and physical storage requirements while preserving all essential check information in a transmittable digital form that maintains the reliability of fund transfers through verification systems.
Data Source
AI summary
Computer-implemented systems and methods for transferring images of a negotiable bank instrument and related information from one user to a second user at a remote location for review and verification by the second user are disclosed. The system can also enable the second user to variously utilize the information and images of the negotiable bank instrument for electronic deposit of funds in an account at a financial institution. The images can be transmitted to a financial institution for electronic deposit into an account. The images can also be converted into an image replacement document (IRD) which can then be transmitted to a financial institution for electronic deposit into an account. The images can also be transmitted to a third party processor for generation of the image replacement document, among other things.