Electronic check presentment system

Details Electronic check presentment system Electronic check presentment system

G - Physics

06

Q

G06Q 20/00 (2006.01) G06Q 40/00 (2006.01) G07F 7/08 (2006.01) H04L 29/06 (2006.01) H04L 29/08 (2006.01) G06F 15/30 (1990.01)

Patent

CA 2113553

2113553 9302424 PCTABS00019 An Electronic Check Presentment System provides a bank with a fully automated capability for participating in the electronic exchange of check data. It allows banks that utilize the system to take MICR data that has been obtained through check capture methods (107), selectively extract particular check records and place them in the form of electronic cash letters (105), transfer (115) the electronic cash letters to selected banks, receive electronic cash letters from other banks, reconcile the electronic cash letters (105) against the paper cash (113A, B) letters when they arrive, and input the electronic MICR data into a database (107) responsible for maintaining check records.

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