Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Patent
1996-03-28
1998-11-03
Cosimano, Edward R.
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
235375, 235379, 705 39, 705 45, 902 40, G06F 1760
Patent
active
058324631
ABSTRACT:
The automated improved check processing system and method includes a data entry device (200, 202) for receiving checking account information (304, 306, 308) and a check amount (302) of a check (210, 300) provided in a transaction. The transaction may take place at a bank teller window or a point-of-sale. The checking account information and check amount are electronically transmitted to the institution or servicer (208) drawn on for electronic presentment and posting to the proper checking account. Additionally, an image capturer (204) may be used at the time of the transaction to obtain a digitized image of the face of the check. The captured image may then be forwarded electronically to a database, which is readily accessible for research purposes.
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Cosimano Edward R.
Electronic Data Systems Corporation
Griebenow L. Joy
Stalford Terry J.
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