Federal Reserve Bank of Atlanta

Federal Reserve Bank of Kansas City

Federal Reserve Bank of Cleveland

Federal Reserve Bank of Richmond

Timothy Rachek

Steven Martin

Randall Lee Mueller

V Srinivas Nori

Benjamin T Breeden, Jr

Daniel A Maslaney

Processing duplicate items in image cash letter ('ICL') reversal files for efficient handling. A duplicate item processing module can receive ICL reversal files comprising items representing duplicate electronic checks. The duplicate item processing module can determine whether the processing entity erroneously presented the item more than once. The duplicate item processing module can also determine whether the depositing institution erroneously deposited the item more than once for processing. Based on the determination of the source of the error, the duplicate item processing module can make a correction in its own records and/or forward the ICL reversal file with the duplicate item to the receiving institution.

System and method for processing duplicative electronic check reversal files

Growing community of inventors

Chagrin Falls, OH, United States of America

Timothy Rachek