Payment instrument validation and processing

A computer program product for providing validation and processing of a plurality of payments using a plurality of payment instruments and a plurality of remittance documents, the computer program product comprising at least one non-transitory computer-readable medium having computer-readable program code portions embodied therein, the computer-readable program code portions comprising:

• an executable portion configured for receiving a plurality of payment instrument images, wherein the plurality of payment instrument images are captured from the plurality of payment instruments by a payment instrument reader;
• an executable portion configured for identifying a payment instrument final amount for each of the plurality of payment instruments from each of the plurality of payment instruments images of each of the plurality of payment instruments;
• an executable portion configured for receiving a plurality of remittance document images, wherein the plurality of remittance document images are captured from each of the plurality of remittance documents associated with each of the plurality of payment instruments by a remittance document reader;
• an executable portion configured for accessing account information associated with the plurality of remittance documents by accessing financial institution systems;
• an executable portion configured for identifying a remittance courtesy amount, a remittance full payment amount, a remittance minimum payment amount, and a remittance last payment amount for each of the plurality of remittance documents, wherein the remittance courtesy amount, the remittance full payment amount, the remittance minimum payment amount, and the remittance last payment amount are identified from each of the plurality of remittance document images or from the account information stored on the financial institution systems;
• an executable portion configured for route the plurality of payments for verification when the payment instrument final amount does not equal any one of the remittance courtesy amount, the remittance full payment amount, the remittance minimum payment amount, and the remittance last payment amount;
• an executable portion configured for identifying a payment instrument final confidence score when the payment instrument final amount equals one of the one of the remittance courtesy amount, the remittance full payment amount, the remittance minimum payment amount, and the remittance last payment amount;
• and
• an executable portion configured for routing the plurality of payments for verification or posting based on when the payment instrument final amount of each of the plurality of payments equals the remittance courtesy amount, the remittance full payment amount, the remittance minimum payment amount, or the remittance last payment amount associated with each of the plurality of payments, and based on the payment instrument final confidence score.

A method for providing validation and processing of a plurality of payments using a plurality of payment instruments and a plurality of remittance documents, the method comprising:

• receiving, by one or more processing devices, a plurality of payment instrument images, wherein the plurality of payment instrument images are captured from the plurality of payment instruments by a payment instrument reader;
• identifying, by the one or more processing devices, a payment instrument final amount for each of the plurality of payment instruments from each of the plurality of payment instruments images of each of the plurality of payment instruments;
• receiving, by the one or more processing devices, a plurality of remittance document images, wherein the plurality of remittance document images are captured from each of the plurality of remittance documents associated with each of the plurality of payment instruments;
• accessing, by the one or more processing devices, account information associated with the plurality of remittance documents by accessing financial institution systems;
• identifying, by the one or more processing devices, a remittance courtesy amount, a remittance full payment amount, a remittance minimum payment amount, and a remittance last payment amount for each of the plurality of remittance documents, wherein the remittance courtesy amount, the remittance full payment amount, the remittance minimum payment amount, and the remittance last payment amount are identified from each of the plurality of remittance document images or from the account information stored on the financial institution systems;
• routing, by the one or more processing devices, the plurality of payments for verification when the payment instrument final amount does not equal any one of the remittance courtesy amount, the remittance full payment amount, the remittance minimum payment amount, and the remittance last payment amount;
• identifying, by the one or more processing devices, a payment instrument final confidence score when the payment instrument final amount equals one of the one of the remittance courtesy amount, the remittance full payment amount, the remittance minimum payment amount, and the remittance last payment amount;
• and
• routing, by the one or more processing devices, the plurality of payments for verification or posting based on when the payment instrument final amount of each of the plurality of payments equals the remittance courtesy amount, the remittance full payment amount, the remittance minimum payment amount, or the remittance last payment amount associated with each of the plurality of payments, and based on the payment instrument final confidence score.