Methods and systems for processing financial instruments
AssigneeFirst Data Corporation
InventorMark Thompson
Life of this patent
Estimating the term…
Abstract
A financial instrument is processed by generating an image of the financial instrument at a point of sale as part of a transaction. An electronic package that defines the imaged instrument is transmitted through a chain of entities as part of its processing, with each entity crediting the previous entity with funds in accordance with the terms of the instrument.
Claims38
A method for processing a financial instrument, the method comprising:
- receiving an electronic package defining an image of the financial instrument at a first institution from a presenter, the image having been generated as part of a transaction at a point of sale;
- and
- crediting the presenter for funds in accordance with the financial instrument.
A method for processing a financial instrument, the method comprising:
- generating an image of the financial instrument as part of a transaction at a point of sale;
- and
- transmitting an electronic package defining the image of the financial instrument to an institution for recovery of funds in accordance with the financial instrument.
A method for processing a financial instrument, the method comprising:
- receiving a reference to a location in a depository where an image of the financial instrument is stored;
- and
- crediting the presenter of the reference with funds in accordance with the financial instrument.
A computer-readable storage medium having a computer-readable program embodied therein for directing operation of a computer system for a first institution, the computer system including a communications system, a processor, and a storage device, wherein the computer-readable program includes instructions for operating the computer system to process a financial instrument in accordance with the following:
- receiving an electronic package defining an image of the financial instrument from a presenter with the communications system, the image having been generated as part of a transaction at a point of sale;
- and
- crediting an account of the presenter for funds in accordance with the financial instrument.
A computer system comprising:
- a communications system;
- a storage device;
- a processor in communication with the communications system and the storage device;
- and
- a memory coupled with the processor, the memory comprising a computer-readable storage medium having a computer-readable program embodied therein for directing operation of the computer system to process a financial instrument, the computer-readable program including:
- instructions for receiving an electronic package defining an image of the financial instrument from a presenter with the communications system, the image having been generated as part of a transaction at a point of sale;
- and
- instructions for crediting the presenter for funds in accordance with the financial instrument.
Dependencies are inferred from the claim text.