Transaction Decisioning by an Automated Device

Patent metadata

Field	Value
Publication number	US-2016358140-A1
Application number	US-201514731560-A
Country	US
Kind code	A1
Filing date	Jun 5, 2015
Priority date	Jun 5, 2015
Publication date	Dec 8, 2016
Grant date	—

Abstract

Methods, systems, and computer-readable media for determining whether a check may be cashed at an automated teller machine (ATM) are provided. The ATM may capture check image data from the face of the check and the ATM may transmit the data to a check cashing computing platform. The check cashing computing platform may determine whether the account on which the check is drawn is an account of a first financial institution associated with the ATM, or the account is an account of a second financial institution. A first or second set of rules may be applied to the check based on this determination, to determine an overall check cashing risk score. A determination is then made, based on the overall check cashing risk score, as to whether the check may be cashed or the request to cash the check may be denied.

First claim

What is claimed is:

1 . A system, comprising:
an automated teller machine (ATM) of a first financial institution, the ATM having at least a first processor and a first communication interface communicatively coupled to the at least a first processor, the ATM being configured to:
receive a physical check;
receive a request to cash the check;
capture check data from a face of the check; and
transmit, via the first communication interface, to a check cashing computing platform, the check data; and
a check cashing computing platform of the first financial institution including at least a second processor, a second communication interface communicatively coupled to the at least a second processor, and memory storing computer-readable instructions that, when executed by the at least a second processor, cause the check cashing computing platform to:
receive, via the second communication interface and from the ATM, the check data;
determine, based on the received check image data, whether the check is drawn from an account at the first financial institution;
responsive to determining that the check is drawn from an account at the first financial institution, apply, via a rules engine of the check cashing computing platform, a first set of rules to determine whether the check can be cashed; and
responsive to determining that the check is drawn from an account at a second financial institution different from the first financial institution, apply, via the rules engine, a second set of rules different from the first set of rules to determine whether the check can be cashed.

2 . The system of claim 1 , wherein determining whether the check is drawn from an account of the first financial institution includes analyzing a magnetic ink character recognition (MICR) line of the physical check to identify a routing number of an account of the check.

3 . The system of claim 1 , wherein the first set of rules and the second set of rules each include at least one rule that is the same.

4 . The system of claim 1 , further including:
receiving, from a plurality of systems storing transaction data, historical return deposit item account information data for the account for a predefined period of time; aggregating the received data; identifying, within the data, a number of occurrences of returned deposit items in the aggregated data for the predefined period of time; determining whether the number of occurrences is at or above a threshold; responsive to determining that the number of occurrences is at or above the threshold, denying the request to cash the check; and responsive to determining that the number of occurrences is below the threshold, cashing the check including dispensing funds to the user.

5 . The system of claim 1 , wherein applying the first set of rules or the second set of rules includes determining an overall check cashing risk score associated with cashing the check.

6 . The system of claim 5 , wherein applying the first set of rules includes:
analyzing MICR line information to identify an account of the check; determining whether the identified account is in good standing; responsive to determining that the identified account is in good standing, assigning a first score to a first criterion for evaluating the check; and responsive to determining that the identified account is not in good standing, assigning a second score, different from the first score, to the first criterion for evaluating the check.

7 . The system of claim 6 , wherein applying the first set of rules includes:
identifying an amount of the check; responsive to determining that the amount of the check is below a first amount threshold, assigning a first score to the a second criterion for evaluating the check; and responsive to determining that the amount of the check is above the first amount threshold, assigning a second score, different from the first score, to the second criterion for evaluating the check.

8 . The system of claim 7 , further including:
identifying a customer associated with the account of the check; identifying a transaction history of the customer; and determining the first amount threshold to apply based on the transaction history of the customer.

9 . The system of claim 7 , wherein applying the first set of rules includes:
analyzing MICR line information to identify a serial number, account number and routing number of the check; determining whether the serial number, account number and routing number of the check are associated with a check that was previously presented for one of cashing or deposit; responsive to determining that the serial number, account number and routing number are associated with the check that was previously presented, assigning a first score to a third criterion for evaluating the check; and responsive to determining that the serial number, account number, and routing number are not associated with the check that was previously presented, assigning a second score, different from the first score, to the third criterion for evaluating the check.

10 . The system of claim 9 , wherein determining whether the check can be cashed includes instructions that, when executed, cause the check cashing computing platform to:
sum the scores assigned to the first criterion, second criterion and third criterion to obtain the overall check cashing risk score; determine whether the overall check cashing risk score is within a first threshold; responsive to determining that the overall check cashing risk score is within the first threshold, cashing the check and dispensing funds to a user; responsive to determining that the overall check cashing risk score is not within the first threshold, determining whether the overall check cashing risk score is within a second threshold different from the first threshold; responsive to determining that the overall check cashing risk score is within the second threshold, denying the request to cash the check; and responsive to determining that the overall check cashing risk score is not within the second threshold, displaying, via a graphical user interface, an option for a user to receive a portion of an amount of the check that is less than the full amount and hold, by the first financial institution, a second portion of the amount of the check, or cancel the request to cash the check.

11 . The system of claim 10 , wherein cancelling the request to cash the check includes returning the physical check to the user.

12 . The system of claim 1 , wherein applying the second set of rules, includes:
analyzing MICR line information to identify an account number and a routing number of an account on which the check is drawn; transmitting, by the ATM and to a server of a third party vendor, a request to identify an account status of the account; receiving, from the server of the third party vendor and by the ATM, the account status; and assigning a score to an account status criterion for evaluating the check based on the received account status.

13 . A method, comprising:
at a check cashing computing platform comprising at least one processor, memory, and a communication interface:
receiving, by the at least one processor, via the communication interface, and from an automated teller machine (ATM) of a first financial institution, image data from a physical check received by the ATM;
receiving, by the at least one processor, via the communication interface and from the ATM, a request to cash the check;
determining, by the check cashing computing platform and based on the received image data from the check, whether the check is drawn from an accou

Assignees

• Bank Of America

Inventors

• Pigg Charles F
• Cooley Paul
• Dominguez Roberto J
• Levi Tommi
• Mattison Sr Paul Martin

Classifications

• G06Q20/4016

  involving fraud or risk level assessment in transaction processing · CPC title

• G07F19/202

  Depositing operations within ATMs (depositing in general G07D11/00) · CPC title

• G06Q20/405

  Establishing or using transaction specific rules · CPC title

• G06Q20/1085 Primary

  involving automatic teller machines [ATMs] · CPC title

• G06Q20/042

  characterized in that the payment protocol involves at least one cheque · CPC title