System for processing and tracking merchant deposits

Patent metadata

Field	Value
Publication number	US-9501909-B2
Application number	US-201615047578-A
Country	US
Kind code	B2
Filing date	Feb 18, 2016
Priority date	Dec 13, 2012
Publication date	Nov 22, 2016
Grant date	Nov 22, 2016

Abstract

Embodiments of the invention are directed to systems, methods, and computer program products for processing and tracking merchant deposits. An exemplary apparatus is configured to receive a deposit package that contains one or more deposit items which have been placed in the deposit package by a merchant. The deposit package may also contain and/or be coupled with visual indicia that has been created by the merchant. The visual indicia may specify information about the one or more deposit items placed in the deposit package. The apparatus may be further configured to read the visual indicia upon receiving the deposit package and track the deposit package based at least partially on the visual indicia.

First claim

What is claimed is:

1. A method for processing and tracking merchant deposits, the method comprising:
reading, by one or more computer processing devices, visual indicia coupled with a deposit package received at a financial institution, wherein the visual indicia is created by a merchant and contains information about one or more deposit items that have been placed in the deposit package by the merchant, and wherein reading the visual indicia comprises receiving an electronic itemized list of the one or more deposit items that have been placed in the deposit package by the merchant;
automatically determining, by the one or more computer processing devices, contents of the deposit package by automatically receiving an indication of the contents from an electronic device;
verifying, by the one or more computer processing devices, the contents of the deposit package in response to reading the visual indicia and automatically determining the contents of the deposit package after it has been received, and wherein the contents of the deposit package are verified by determining whether or not the contents of the deposit package match the electronic itemized list of the one or more deposit items that have been placed in the deposit package by the merchant;
in response to determining the contents of the deposit package do not match the electronic itemized list of the one or more deposit items that have been placed in the deposit package by the merchant, alerting the merchant and the financial institution of a deposit package error; and
in response to receiving the alert, automatically tracking the deposit package based at least partially on the visual indicia and determining where the deposit package error originated.

2. The method of claim 1 , wherein the merchant has a merchant account maintained by the financial institution, and wherein the method further comprising crediting the merchant account based at least partially on the visual indicia.

3. The method of claim 1 , the method further comprising receiving a request for the status of the deposit package.

4. The method of claim 3 , wherein tracking the deposit package comprises the module being further configured to track the deposit package based at least partially on the request for the status of the deposit package.

5. The method of claim 1 , the method further comprising sending deposit information to one or more entities.

6. The method of claim 1 , the method further comprising authenticating the merchant in response to receiving the deposit package at the financial institution.

7. The method of claim 1 , wherein the visual indicia is electronically displayed on the deposit package.

8. The method of claim 1 , wherein the deposit package comprises an electronic entry method for providing information about the one or more deposit items.

9. A computer program product for processing and tracking merchant deposits, the computer program product comprising:
a non-transitory computer-readable medium comprising a set of codes for causing one or more computers to:
read visual indicia coupled with a deposit package received at a financial institution, wherein the visual indicia is created by a merchant and contains information about one or more deposit items that have been placed in the deposit package by the merchant, and wherein reading the visual indicia further comprises receiving an electronic itemized list of the one or more deposit items that have been placed in the deposit package by the merchant;
automatically determine contents of the deposit package by automatically receiving an indication of the contents from an electronic device;
verify the contents of the deposit package in response to reading the visual indicia and automatically determining the contents of the deposit package after it has been received, and wherein the contents of the deposit package are verified by determining whether or not the contents of the deposit package match the electronic itemized list of the one or more deposit items that have been placed in the deposit package by the merchant;
in response to determining the contents of the deposit package do not match the electronic itemized list of the one or more deposit items that have been placed in the deposit package by the merchant, alert the merchant and the financial institution of a deposit package error; and
in response to receiving the alert, automatically track the deposit package based at least partially on the visual indicia and determine where the deposit package error originated.

10. The computer program product of claim 9 , wherein the merchant has a merchant account maintained by the financial institution, and wherein the computer-readable medium further comprises a set of codes for causing the one or more computers to credit the merchant account based at least partially on the visual indicia.

11. The computer program product of claim 9 , wherein the computer-readable medium further comprises a set of codes for causing the one or more computers to receive a request for the status of the deposit package.

12. The computer program product of claim 11 , wherein tracking the deposit package comprises tracking the deposit package based at least partially on the request for the status of the deposit package.

13. The computer program product of claim 9 , wherein the computer-readable medium further comprises a set of codes for causing the one or more computers to send deposit information to one or more entities.

14. The computer program product of claim 9 , wherein the computer-readable medium further comprises a set of codes for causing the one or more computers to authenticate the merchant in response to receiving the deposit package at the financial institution.

15. The computer program product of claim 9 , wherein the visual indicia is electronically displayed on the deposit package.

16. The computer program product of claim 9 , wherein the deposit package comprises an electronic entry method for providing information about the one or more deposit items.

Assignees

• Bank Of America

Inventors

• Hanson Carrie Anne
• Votaw Elizabeth S

Classifications

• G07F19/00 Primary

  Complete banking systems; Coded card-freed arrangements adapted for dispensing or receiving monies or the like and posting such transactions to existing accounts, e.g. automatic teller machines (data processing equipment for bank accounting G06Q40/02) · CPC title

• G06K19/06037

  multi-dimensional coding · CPC title

• G07F19/202

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

• G06Q20/1085 Primary

  involving automatic teller machines [ATMs] · CPC title

• G06Q20/30

  characterised by the use of specific devices {or networks} · CPC title