System for expediting the clearing of financial instruments and

Details System for expediting the clearing of financial instruments and System for expediting the clearing of financial instruments and

1996-07-11

1999-07-27

Tkacs, Stephen R.

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Finance

705 35, 235379, G06F 1760

Patent

active

059307781

ABSTRACT:
A system and process are described for effecting the expedited submission into the payment system for collection of funds represented by financial instruments that are received by a payee at an item capture facility remote from the payee's depository bank in which the submission of the instruments into the payment system is coordinated with the payee's internal accounting process and the register of the deposit of the instruments with an account at the instruments payee's bank.

REFERENCES:
patent: 5175682 (1992-12-01), Higashiyama et al.
patent: 5198975 (1993-03-01), Baker et al.
patent: 5237159 (1993-08-01), Stephens
patent: 5265007 (1993-11-01), Barnhard, Jr. et al.
patent: 5373550 (1994-12-01), Campbell et al.

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