The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Oct. 04, 2011
Filed:
Jul. 07, 2006
Randall Lee Mueller, Kansas City, MO (US);
Thomas Edwin Schaadt, Westerville, OH (US);
Steven Joseph Harris, Worthington, OH (US);
Eric Lendl, Bedford, TX (US);
V. Srinivas Nori, Norcross, GA (US);
Steven Q. Purser, Plano, TX (US);
Randall Lee Mueller, Kansas City, MO (US);
Thomas Edwin Schaadt, Westerville, OH (US);
Steven Joseph Harris, Worthington, OH (US);
Eric Lendl, Bedford, TX (US);
V. Srinivas Nori, Norcross, GA (US);
Steven Q. Purser, Plano, TX (US);
Federal Reserve Bank of Kansas City, Kansas City, MO (US);
Federal Reserve Bank of Atlanta, Atlanta, GA (US);
Federal Reserve Bank of Cleveland, Cleveland, OH (US);
Federal Reserve Bank of Dallas, Dallas, TX (US);
Abstract
Balancing image cash letters ('ICLs') and ICL items during electronic check processing includes determining whether each item has been presented to a receiving institution for payment. A tracking module can track an incoming ICL/item's processing status using records comprising information regarding the ICL/item's status for electronic check processing events. The tracking module can present the ICL/item's processing status in one or more reports. The tracking module can balance an ICL by comparing an incoming ICL value amount with an outgoing ICL value amount. The incoming ICL value amount comprises the total value of the items in the incoming ICL. The outgoing ICL value amount comprises the total value of the items in the incoming ICL that have been presented to a receiving institution via one or more outgoing ICLs. If the amounts match, then the incoming ICL is balanced. If not, then the ICL is not balanced.