Importance

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Abstract

In the transfer of checks between facilities receiving checks and facilities for processing checks, checks are sorted into batches according to selected classifications at the check receiving facilities. The checks are accumulated in bundles and transferred to the check processing facility according to a predetermined schedule. In the present invention, a batch slip is provided with each transferred bundle. The batch slip identifies the type of checks in the batch, identification of the receiving facility and a sequence number. The information is provided both in a bar code format and in a MICR format. The batch slip is kept with the associated batch of checks during the processing in the processing facility. Bar code readers are provided at various processing stations. The information extracted by the bar code readers and the MICR readers are transferred to a central processing unit where the data can be analyzed and detailed information concerning current and previous processing activity and data files displayed or provided in reports.

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First Claim