Electronic check presentment system

Details Electronic check presentment system Electronic check presentment system

1991-07-17

1993-08-17

Shepperd, John W.

Registers

Systems controlled by data bearing records

Banking systems

364406, 364408, G06F 1530

Patent

active

052371590

ABSTRACT:
An Electronic Check Presentment System provides a bank with a fully automated capability for participating in the electronic exchange of check data. It allows banks that utilize the system to take MICR data that has been obtained through check capture methods, selectively extract particular check records and place them in the form of electronic cash letters, transfer the electronic cash letters to selected banks, receive electronic cash letters from other banks, reconcile the electronic cash letters against the paper cash letters when they arrive, and input the electronic MICR data into a database responsible for maintaining check records.

REFERENCES:
patent: 4264808 (1981-04-01), Owens et al.
patent: 4270042 (1981-05-01), Case
patent: 4523330 (1985-06-01), Cain
patent: 4694397 (1987-09-01), Grant et al.
patent: 4823264 (1989-04-01), Deming
patent: 5038283 (1991-08-01), Caveney
UNISYS, Brochure, 2 pages describing "V Series Item Processing System Tape Input/Output Module."

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