Image exchange without full micr qualification
AssigneeDigiCor LLC
InventorsJoseph Richardson, Joseph Rowell
Life of this patent
Estimating the term…
Abstract
A system and related methods of correcting errors during check or financial document processing by a bank of first deposit or other entity receiving a paper check or financial document, or by a second bank on whose accounts the checks were written. These corrections can be performed by the computer system of the bank of first deposit, the computer system of the second bank, or both. MICR data may be sent in electronic format from the bank of first deposit or other entity without qualification.
Claims21
A system for processing checks and similar documents with MICR data, comprising:
- a document processor adapted to convert paper documents into electronic files;
- a processor controller adapted to control the operation of the document processor;
- and
- a file controller adapted to handle said electronic files;
- wherein the system is adapted to perform correction of MICR data in said electronic files.
A method for processing checks and similar documents with MICR data, comprising the steps of:
- loading one or more documents to be processed into a document processor;
- retrieving MICR data and document image from the first document being processed;
- examining the data to determine if any errors exist in the MICR data;
- and
- attempting to correct any errors that have been identified in the MICR data by comparing an erroneous number in said MICR data with a plurality of correct numbers and electronically replacing the erroneous number with a number from said plurality of possible correct numbers.
A method for processing checks and similar documents with MICR data, comprising the steps of:
- loading one or more documents to be processed into a document processor;
- retrieving MICR data and document image from the first document being processed;
- forwarding the document to a first collection point for truncation;
- repeating the loading, retrieving, and forward steps until all documents have been processed;
- and
- transmitting MICR data and images from the documents to the bank or institution on which said documents were drawn.
A method for processing transmitted MICR data and images for checks and similar documents, comprising the steps of:
- receiving the MICR data and images for one or more documents;
- examining the data for the first document to determine if any errors exist in the MICR data;
- attempting to correct any errors that have been identified in the MICR data;
- and
- repeating the examining and attempting to correct steps until all documents have been processed.
Dependencies are inferred from the claim text.