Method and system for processing financial instrument deposits physically remote from a financial institution

A computer-readable medium comprising a program product for deposit processing at a central system a plurality of checks deposited at a remote site with accompanying deposit information, comprising:

• at least one computer readable medium having computer readable program code embodied therein to be executed by a computer, the computer readable program code, when executed, causing a machine to perform the following method steps:
• receiving deposit information for a plurality of different deposit transactions, with the deposit information including a deposit account designation in a bank of first deposit, electronic check data and check image data for at least one check to be deposited, wherein the central system is separate from MICR capture, deposit accounting, cash management, and float processing systems for a bank of first deposit;
• transmitting the electronic check data for the deposit transactions to the bank of first deposit;
• and
• transmitting electronic check data and the check image data directly or indirectly to a maker bank or a Federal Reserve Bank or a correspondent bank in a transmission having a transmission path that bypasses the MICR capture, deposit accounting, cash management, and float processing systems of the bank of first deposit for that deposit transaction.

A central system for deposit processing a plurality of checks deposited at a remote site with accompanying deposit information, comprising:

• one or more computers with the following components configured therein or among them if more than one computer:
• a component at the central system for receiving deposit information for a plurality of different deposit transactions, with the deposit information including a deposit account designation in a bank of first deposit, electronic check data and check image data for at least one check to be deposited, wherein the central system is separate from MICR capture, deposit accounting, cash management, and float processing systems for a bank of first deposit;
• a component at the central system for transmitting the electronic check data for the deposit transactions to the bank of first deposit;
• and
• a component at the central system for transmitting electronic check data and the check image data directly or indirectly to a maker bank or a Federal Reserve Bank or a correspondent bank in a transmission having a transmission path that bypasses the MICR capture, deposit accounting, cash management, and float processing systems of the bank of first deposit for that deposit transaction.