Transaction Decisioning by an Automated Device

Patent metadata

Field	Value
Publication number	US-2016358141-A1
Application number	US-201514731585-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. A user may request to cash a check at an ATM and check image data may be transmitted to a return deposit item computing platform. The computing platform may identify an account number of the account on which the check is drawn. Transaction data associated with the account may be retrieved by the computing platform and a number of occurrences of returned deposit items may be identified. The number of occurrences may be used to determine whether the check should be cashed.

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 request to cash a physical check received by the ATM;
capture check image data from a face of the check; and
transmit, via the first communication interface, to a return deposit item computing platform, the check image data; and
a return deposit item 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 return deposit item computing platform to:
receive, via the second communication interface and from the ATM, the check image data;
identify, based on the check image data, an account on which the check is drawn;
retrieve historical transaction data associated with the account, the historical transaction data including occurrences of returned deposit items;
determine a number of occurrences of returned deposit items associated with the account within a predefined time period;
determine whether the number of occurrences of returned deposit items is at or above a predetermined threshold;
responsive to determining that the number of occurrences is at or above the predetermined threshold, deny the request to cash the check; and
responsive to determining that the number of occurrences is below the predetermined threshold, transmit, to the ATM, instructions to cash the check.

2 . The system of claim 1 , wherein the historical transaction data includes data from transactions conducted via a plurality of types of channels.

3 . The system of claim 2 , wherein the types of channels include at least one of: a teller transaction, an ATM transaction, and a transaction performed via a mobile banking application.

4 . The system of claim 1 , wherein the determining whether the number of occurrences is at or above a predetermined threshold is performed in real-time.

5 . The system of claim 1 , wherein denying the request to cash the check includes placing a temporary hold on the check by the first financial institution.

6 . The system of claim 1 , wherein denying the request to cash the check includes returning the physical check to a user requesting to cash the check.

7 . The system of claim 1 , wherein denying the request to cash the check includes dispensing a first portion of an amount of the check to a user requesting to cash the check and placing a hold on a second portion of the amount of the check, the first portion being less than a full amount of the check.

8 . The system of claim 1 , wherein the predefined time period is at least one month.

9 . A system, comprising:
an automated teller machine (ATM) of a 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 request to cash a physical check received by the ATM;
capture check image data from a face of the check; and
transmit, via the first communication interface, to a return deposit item computing platform, the check image data; and
a return deposit item computing platform of the 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 return deposit item computing platform to:
receive, via the second communication interface and from the ATM, the check image data;
identify, based on the check image data, a payee and a payor of the check;
retrieve historical transaction data associated with at least one of the payee and the payor of the check, the historical transaction data including occurrences of returned deposit items;
determine a number of occurrences of returned deposit items associated with the at least one of the payee and the payor of the check within a predefined time period;
determine, based on the number of occurrences of returned deposit items associated with the at least one of the payee and the payor of the check, a return deposit item score for the at least one of the payee and the payor of the check;
determine whether the return deposit item score is at or above a predetermined threshold;
responsive to determining that the return deposit item score is at or above the predetermined threshold, deny the request to cash the check; and
responsive to determining that the return deposit item score is below the predetermined threshold, transmit, to the ATM, instructions to cash the check.

10 . The system of claim 9 , wherein the historical transaction data further includes an amount associated with each occurrence of returned deposit items; and
further including instructions that, when executed, cause the return deposit item computing platform to:
determine, based on the number of occurrences of returned deposit items associated with the at least one of the payee and the payor of the check, and the amount associated with each occurrence of returned deposit items, the return deposit item score.

11 . The system of claim 9 , wherein the historical transaction data includes data from transactions conducted via a plurality of types of channels.

12 . The system of claim 11 , wherein the types of channels include at least one of: a teller transaction, an ATM transaction, and a transaction performed via a mobile banking application.

13 . The system of claim 9 , wherein the determining whether the return deposit item score is at or above a predetermined threshold is performed in real-time.

14 . The system of claim 9 , wherein denying the request to cash the check includes placing a temporary hold on the check by the financial institution.

15 . The system of claim 9 , wherein denying the request to cash the check includes returning the physical check to a user requesting to cash the check.

16 . The system of claim 9 , wherein denying the request to cash the check includes dispensing a first portion of an amount of the check to a user requesting to cash the check and placing a hold on a second portion of the amount of the check, the first portion being less than a full amount of the check.

17 . A method, comprising:
at a return deposit item 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 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;
identifying, based on the check image data, a payee and a payor of the check;
retrieving historical transaction data associated with at least one of the payee and the payor of the check, the historical transaction data including occurrences of returned deposit items;
determining a number of occurrences of returned deposit items associated with the at least one of the payee and the payor of the check within a predefined time period;
determining, based on the number of occurrences of returned deposit items associated with the at least one of th

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

• G06Q20/405

  Establishing or using transaction specific rules · CPC title

• G06Q20/042

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

• G06Q20/1085 Primary

  involving automatic teller machines [ATMs] · CPC title