System and method for back office processing of banking transactions using electronic files

A method of processing banking transactions comprising the steps of:

• (a) electronically capturing first transaction data reflecting banking transactions conducted at a point of contact;
• (b) storing the first transaction data in a transaction file;
• (c) reading the first transaction data from the transaction file;
• (d) forwarding data associated with the banking transactions conducted at the point of contact to a back office location;
• (e) generating second transaction data reflecting information associated with the data;
• (f) linking the first and second transaction data with respect to a common financial transaction;
• and
• (g) processing the first and second transaction data to complete the banking transactions.

A method for processing banking transactions comprising the steps of:

• electronically capturing first transaction data reflecting transactions processed at a point of contact;
• storing the first transaction data in an electronic transaction file;
• transmitting the electronic transaction file to a back office processing location;
• forwarding data associated with the transactions conducted at the point of contact to the back office;
• reading the first transaction data from the electronic transaction file;
• generating second transaction data reflecting information associated with the data;
• linking the first and second transaction data with respect to a common transaction;
• and
• performing financial processing using the first and second transaction data.

A system for processing banking transactions conducted at a point of contact, the system comprising:

• a workstation, the workstation electronically capturing first transaction data reflecting transactions processed at a point of contact;
• a memory coupled to the workstation, the memory storing the first transaction data in an electronic transaction file;
• and
• a remote processing facility coupled to the memory, the remote processing facility:
• receiving the paper documents,
• generating second transaction data reflecting information contained on the paper documents,
• reading the first transaction data from the electronic transaction file,
• linking the first and second transaction data with respect to a common financial transaction, and
• performing financial processing using the first and second transaction data.