System and method for processing duplicative electronic check reversal files

Number of patents in Portfolio can not be more than 2000

United States of America Patent

PATENT NO 8296223
APP PUB NO 20080162319A1
SERIAL NO

11982923

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ATTORNEY / AGENT: (SPONSORED)

Importance

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Abstract

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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.

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First Claim

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Patent Owner(s)

Patent OwnerAddress
FEDERAL RESERVE BANK OF KANSAS CITY1 MEMORIAL DRIVE KANASA CITY MO 64196

International Classification(s)

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Breeden,, Jr Benjamin T Eldersburg, US 5 84
Martin, Steven D Parma, US 10 348
Maslaney, Daniel A Norcross, US 1 0
Mueller, Randall Lee Kansas City, US 13 897
Nori, V Srinivas Norcross, US 11 887
Rachek, Timothy Chagrin Falls, US 3 148

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