System and method to create electronic deposit records and to track the status of a deposit
Number of patents in Portfolio can not be more than 2000
United States of America Patent
Stats
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Apr 21, 2009
Grant Date -
May 19, 2005
app pub date -
Sep 10, 2004
filing date -
Sep 12, 2003
priority date (Note) -
Expired
status (Latency Note)
Importance
Abstract
A method of making, tracking and confirming the receipt of bank deposits by a user to a financial institution is disclosed. The method includes first accessing a user account on a database, entering deposit information including the account number and amount of the intended deposit on the database to create an electronic deposit record, and then encoding the deposit information in a machine readable format. The information is then associated with the encoded deposit information in close proximity with the deposit, creating a deposit package. The package is then transmitted to a financial institution or armored car carrier where the machine readable encoded deposit information is read and transmitted to a database that contains information about the account and status of the deposit.
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