Bank of America Corporation

George Miller Abernethy

Lowell Robert Huff

Clarence Edward Lee, Ii

Matthew Alexander Calman

Tony England

Eric Dryer

Geoffrey Reed Williams

David T Frew

Eric Scott Sandoz

Zhongmin Agarwal

Ronald Hollander

Sean B Kang

Jeffrey Robert Woodside

Clarence E Lee

Leslie Marie Doby

Melinda Hiler

Carmen McClendon

Dave Wellington McMann

Kathryn B Carmody

Gregory Tyrone Domally

Steve David Poinier

Joseph P Shuster

Gregory Clarence Brown

Carol W Wiles

Melinda Karen Petty

Pamela Rowland

Douglas P Hutchinson

A duplicate detection system is provided for analyzing and processing documents received at one or more capture sites. A physical document may be electronically captured at a capture site and subsequently transmitted to a regional or central processing system. The regional or central processing system may receive capture documents from multiple capture sites. The processing system may analyze the captured documents to identify and flag false-positives prior to performing duplicate detection. Duplicate detection may be performed in accordance with predefined rules associated with false-positive flags. Once duplicate detection is complete, suspected duplicates may undergo manual review while non-duplicates are released for posting or dispatching.

System and method for duplicate detection

Payment items are received and processed in the course of a financial transaction. For example, a paying bank may receive an electronic transmission corresponding to a imaged check from a depositing bank. The paying bank may attempt to identify a reason for return within the payment item. If a reason for return is found, a determination may be made that the payment item is a re-clear payment item that has been previously transmitted by the depositing bank and returned by the paying bank. After determining that a payment item is a re-clear, the item may be processed within the paying bank along an abbreviated processing path for faster and less costly item processing. For example, in systems in which duplicate detection is performed on payment items, re-clear items may be classified separately and need not undergo certain automated and/or manual duplicate detection processes.

Processing payment items

An offending item detection system is provided for analyzing and processing documents received at one or more capture sites. A physical document may be electronically captured at a capture site and subsequently transmitted to a regional or central processing system. The processing system may then analyze the captured documents to identify and flag suspected offending items such as duplicates. Suspected offending items may be removed from a processing stream and replaced by a substitute transaction to keep the financial system in balance and to reduce potential for processing backlog. In the meantime, the suspected offending item may be analyzed. If the item is a false positive, the substitute transaction may be canceled and the financial document reinserted into the processing stream. If the suspected item is a true offending item, the substitute transaction may be replaced by or converted into another transaction funded by a general suspense account.

System and method for processing offending items in a financial system

A method and system to re-create lost cash letters are disclosed. Embodiments of the invention can be used to re-create a paper-based cash letter or an electronic cash letter file that is inadvertently lost due a system failure, theft, natural disaster, or the like. The items represented in the cash letter are identified and a file corresponding to a data set describing the plurality of items is created. Images representing the plurality of items are stored within a recovery check image management system (CIMS). The file corresponding to the data set can then be reformatted using the images in order to re-create the cash letter. Finally, the cash letter can be presented with at least one of an image and an image replacement document (IRD) for each item of the plurality of items in the recovery CIMS.

Method and system to re-create lost cash letters

The present invention provides systems, methods, and computer program products for performing validation and clearance at a transaction item level for transaction received in a batch format. Each transaction of the batch is stored separately in a storage system, such as a logical database. Typically, image data and electronic data for a transaction are stored separately in the storage system and may be linked to each other. Each transaction is separately accessible and/or updateable. Each transaction stored in the storage system is separately analyzed to validate that the transaction is at least balanced. Transactions that determined to be balanced are cleared irrespective of a balance status associated with other transactions associated with the batch of transactions, such that transactions are individually cleared as opposed to being cleared in a batch format.

Systems, methods, and computer program products for performing item level transaction processing

A method and system for enhanced check image privacy are disclosed. Embodiments of the present invention provide a way to automatically link the results from quality assurance software to a check image archive to appropriately mark images as unretrievable by customers. Images are interrogated with a data matching algorithm to determine whether a confidence score expressing a likelihood that the image matches associated, stored magnetic ink character recognition (MICR) data is below a pre-set threshold. The image can be then automatically designated in the financial document archive. The image can be displayed to an operator for analysis when the confidence score is above the pre-set threshold and below a pre-set limit, or in cases where the confidence score cannot be determined by the data matching algorithm.

Method and system for enhanced check image privacy

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Charlotte, NC, United States of America

George Miller Abernethy