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US 2013/0212008 A1Published application
Funds network and method
AssigneeChexar Networks, Inc.
InventorsDrew W. Edwards, John R. Simoneaux, Steven D. Doctor, Richard C. Pinson
Life of this patent
Estimating the term…
Abstract
In a method of providing funds to a monetary repository, information is received identifying a payee and request by the payee to convert a negotiable instrument made to the payee to funds. In response to the information, confirmation is received whether to convert the negotiable instrument to funds. An image of the endorsed negotiable instrument is received. If a determination is made to convert the negotiable instrument to funds, an amount of funds corresponding to a value of the negotiable instrument is directed to a repository.
Claims19
A method of converting to funds a negotiable instrument made to a payee, the method comprising the steps of:
- providing a computerized system that is accessible to remote parties through a computer network and that is controlled by an entity;
- receiving, at the computerized system via a first network from a device remote from the computerized system, information identifying a payee and indicating a request from the payee to convert a negotiable instrument made to the payee to funds;
- receiving, at the computerized system from the remote device through the first network, an image of the negotiable instrument;
- presenting the image of the negotiable instrument to an operator from the computerized system via a display;
- receiving, at the computerized system from the operator via an interface, information classifying the negotiable instrument to a type of instrument maker among a predetermined plurality of types of negotiable instrument makers;
- determining a fee for converting the negotiable instrument to funds based at least in part on the type of instrument maker;
- presenting to the payee, at the remote device via a user interface, an option to accept the fee;
- receiving, at the computerized system from the remote device via the first network, information from the payee indicating a response to the option;
- depending at least in part upon whether the information from the payee indicates the payee accepts the fee, processing, at the computerized system, the negotiable instrument for conversion to funds;
- and
- directing, through the computer network, settlement of the negotiable instrument.
8 more elements
A method of converting to funds a negotiable instrument made to a payee, the method comprising the steps of:
- providing a computerized system that is accessible to remote parties through a computer network and that is controlled by an entity;
- receiving, at the computerized system via a first network from a device remote from the computerized system, information identifying a payee and indicating a request from the payee that a negotiable instrument made to the payee be approved for conversion to funds;
- providing, at the computerized system, a plurality of protocols for converting negotiable instruments to funds, wherein each protocol of the plurality of protocols bases conversion of a negotiable instrument to funds at least in part on occurrence of a predetermined triggering condition that is different from the triggering condition of each other protocol;
- presenting the payee, at the remote device via a user interface, an option to select a protocol of the plurality of protocols, for conversion of the negotiable instrument indicated at the receiving step to funds;
- receiving, at the computerized system from the remote device via the network, instructions from the payee indicating a said protocol selected by the payee;
- processing, at the computerized system, the negotiable instrument for conversion to funds upon occurrence of the predetermined triggering condition corresponding to the selected protocol;
- and
- directing, through the computer network, settlement of the negotiable instrument.
5 more elements
A method of converting to funds a negotiable instrument made to a payee, the method comprising the steps of:
- providing a computerized system that is accessible to remote parties through a computer network and that is controlled by an entity;
- receiving, at the computerized system via a first network from a device remote from the computerized system, information identifying a payee and indicating a request from the payee that a negotiable instrument made to the payee be approved for conversion to funds;
- presenting to the payee, at the remote device via the user interface, an option to select whether to convert the negotiable instrument indicated at the receiving step to funds with recourse to the payee or without recourse to the payee;
- receiving, at the computerized system from the remote device via the network, instructions from the payee indicating whether the payee selects conversion with recourse or conversion without recourse;
- determining a fee for converting the negotiable instrument to funds based at least in part on whether the payee selects conversion with recourse or conversion without recourse.
2 more elements
A method of converting to funds a negotiable instrument made to a payee, the method comprising the steps of:
- providing a first computerized system that is accessible to remote parties through a computer network and that is controlled by a entity;
- receiving, at the first computerized system via a first network from a user interface at a device remote from the first computerized system, information identifying a payee and indicating a request from the payee to convert a negotiable instrument made to the payee to funds, wherein the user interface is in communication with the first computerized system and with a second computerized system controlled by an entity that manages at least one of reloadable debit card transactions and reloadable debit card accounts;
- receiving, at the first computerized system from the remote device through the first network, an image of the negotiable instrument;
- determining a fee for converting the negotiable instrument to funds in response to the first computerized system and the second computerized system;
- presenting to the payee, at the remote device via a user interface, an option to accept the fee;
- receiving, at the first computerized system from the remote device via the first network, information from the payee indicating a response to the option;
- depending at least in part upon whether the information from the payee indicates the payee accepts the fee, processing, at the first computerized system, the negotiable instrument for conversion to funds directed to a reloadable debit card account via the second computerized system;
- and
- directing, through the computer network, settlement of the negotiable instrument.
6 more elements
A method of providing funds to a re-loadable card, where the funds originate from a negotiable instrument made to a payee, the method comprising the steps of:
- providing a computerized system that is accessible to remote parties through a computer network and that is controlled by an entity;
- receiving, at the computerized system through the computer network, information identifying a payee and indicating a request from the payee to convert a negotiable instrument made to the payee to funds;
- receiving, through the computer network, an image of the negotiable instrument;
- receiving, at the computerized system and in response to the information, a selection of a type of deposit that the payee desires, wherein the type of deposit corresponds to a protocol for converting the negotiable instrument to funds;
- determining a fee to charge the payee, wherein the fee depends at least in part on the selected type of deposit;
- receiving a determination whether the entity will convert the negotiable instrument to funds;
- directing, through the computer network, transfer of an amount of funds corresponding to a value of the negotiable instrument to a bank account that is associated with a re-loadable card that is associated with the payee;
- and
- directing, through the computer network, settlement of the negotiable instrument to the entity.
6 more elements
A system for providing funds to a monetary repository, where the funds originate from a negotiable instrument made to a payee, comprising:
- a computer-readable medium containing program instructions, and
- a processor that is accessible to remote parties through a computer network and that is controlled by an entity, the processor being in operative communication with the computer-readable medium and adapted to execute the program instructions to implement a method comprising the steps of
- receiving a request to convert a negotiable instrument made to the payee to funds,
- receiving an image of the negotiable instrument endorsed to the entity,
- receiving a selection of a type of deposit that the payee desires, wherein the type of deposit corresponds to a protocol for converting the negotiable instrument to funds;
- determining a fee to charge the payee, wherein the fee depends at least in part on the selected type of deposit;
- receiving a determination whether the entity will convert the negotiable instrument to funds;
- directing transfer of an amount of funds corresponding to a value of the negotiable instrument to a bank account that is associated with a re-loadable card that is associated with the payee, and
- directing settlement of the negotiable instrument to the entity.
6 more elements
A method of providing funds to a re-loadable card, where the funds originate from a negotiable instrument made to a payee, the method comprising the steps of:
- providing a computerized system that is accessible to remote parties through a computer network and that is controlled by an entity;
- receiving, from a mobile communications device through the computer network, an image of the negotiable instrument, the image being obtained by the mobile communications device;
- receiving a determination whether the entity will convert the negotiable instrument to funds;
- sending a message to the payee indicating that the negotiable instrument is approved in response to determining that the entity will convert the negotiable instrument, thereby indicating that the negotiable instrument is a pre-approved negotiable instrument;
- sending a message to the payee indicating the that negotiable instrument is not approved in response to determining that the entity will not convert the negotiable instrument;
- following receipt by the payee of a said message that the negotiable instrument is approved, receiving a request from the payee to convert the negotiable instrument to funds;
- and
- in response to the request, converting the negotiable instrument to funds.
5 more elements
Dependencies are inferred from the claim text.