Video Check Deposit System Using Dynamic Capture
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Solution Overview
Problem
The existing methods for depositing checks are burdensome for payees, requiring physical visits to banks and time-consuming processes, as they need to scan and transmit still electronic images of checks for remote depositing.
Innovation Solution
A system that allows users to capture videos of checks using devices like video cameras or video-enabled phones, converting them into video data files, which can be sent to financial institutions for processing and depositing into their accounts, using techniques such as email attachment or live streaming.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If a payee uses traditional check deposit methods, then the check can be deposited securely, but the payee must physically visit a bank branch and spend significant time on the deposit process
Solution Approach 1:
The patent creates a digital copy (video) of the physical check that can be transmitted electronically to the financial institution. Instead of physically transporting the check to a bank branch, the payee captures a video copy using a mobile device and sends it through electronic communication channels, eliminating the need for physical visits and significantly reducing the time required for deposit.
Solution Approach 2:
The patent replaces the mechanical process of physically visiting a bank branch with an electronic system. The video capture and transmission process substitutes for the mechanical actions of going to the bank, handing over the check to a teller, and waiting for processing. This substitution of mechanical systems with electronic ones dramatically improves ease of operation and reduces time loss.
2Ease of operation
If a payee scans a check to create a still electronic image for remote deposit, then the physical burden is reduced, but the process still requires generating and transmitting a static image which may lack verification capabilities
Solution Approach 1:
The patent transitions from a static image to a dynamic video format for check deposition. The video format allows the check to be captured from multiple angles and perspectives, enabling the financial institution to verify authenticity more effectively. The dynamic nature of video provides temporal information and multiple views that enhance verification reliability while maintaining the convenience of remote deposit.
Solution Approach 2:
The patent adds temporal and spatial dimensions to the check deposition process by using video instead of still images. Video provides multiple frames over time and can capture the check from different angles, adding dimensional information that enhances verification capabilities. This dimensional enrichment allows remote deposit to maintain both ease of operation and improved reliability.
Data Source
AI summary
A video of a negotiable instrument may be provided from a user to a financial institution so that an image of the negotiable instrument may be obtained from the video and deposited in a user's bank account. In an implementation, a user may use a device such as a video camera, a web camera, or a video-enabled phone to convert an endorsed check into a video data file by making a video of the check and storing the video in a video data file. The user may send the video data file to the financial institution, where it may be processed and deposited in an account associated with the user. Any technique for sending a video data file to the financial institution may be used.