Bank deposit method

Details Bank deposit method Bank deposit method

2009-10-07

2011-10-11

Labaze, Edwyn (Department: 2887)

Registers

Systems controlled by data bearing records

Banking systems

C235S375000, C235S380000, C705S045000

Reissue Patent

active

RE042820

ABSTRACT:
According to the present invention, a business is issued a deposit card readable on a debit card reader enabling the business to transmit deposit information to its bank or financial institution for crediting rather than debiting of its account. More particularly, a method is provided for facilitating bank deposits for a business having a debit card reader configured to send deposit information to a bank at which the business maintains at least one account. The method comprises the steps of:(i) compiling deposit information concerning cash and negotiable instruments to be deposited in the account;(ii) transmitting the deposit information to the bank via the debit card reader;(iii) consolidating the cash and negotiable instruments into a deposit package;(iv) labelling the deposit package to link it to the deposit information in step (ii); and,(v) delivering the deposit package from step (iv) to the bank.

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“Brink's Helps Retailers Turn Cash Receipts into Investable Funds Faster,” Business Wire, Oct. 20, 2008, www.pr—inside.com/brinks-s-helps-retailers-turn-cash-receipts-870847.htm.
International Search Report (PCT/CA2007/000400) dated Jun. 20, 2007.

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