Method and system of rapidly cashing a check and loading the proceeds onto a consumer electronic access device via a mobile smart device

A system of cashing a check by a non federally-insured depository institution check casher via a mobile smart device, the system comprising:

• a mobile smart device configured to capturing an image of a check to be presented by a consumer to a non-federally-insured depository institution and transmitting such image;
• said mobile smart device having one or more processors configured to receive check data and identification data inputted from the consumer;
• said mobile smart device having a transmitter configured to transmit the check image, and transmit and receive information about the check data and identification data;
• a hosted computer system having one or more processors configured to communicate with a non-federally-insured depository institution check casher and the mobile smart device;
• said hosted system including at least one display to forward the transmitted check image to the check casher, along with check data and consumer identification data;
• and
• a computerized database containing validating data to compare the validating data with the check data and identification data.

A system for cashing a check via a mobile smart device;

• the system comprising:
• a computer system configured to execute program instructions:
• receive credential information from a user;
• validate the credential information;
• receive a request to cash an electronic check;
• receive and display a high resolution check image via a mobile smart device of a check written on a financial institution account to be presented for cashing;
• obtain user account information from an account information database remote from the system, the user account information corresponding to credential information having been at least partially previously entered into the account information database independently from the computing system;
• obtain presented check account information from a financial institution information database remote from the system;
• compare the financial institution information database corresponding to the presented check account information;
• and
• receive a determination whether to cash the check.