Harry W Grow Deceased3 Fletcher Ln, Savannah, GA 31411
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3 Fletcher Ln, Savannah, GA 31411
Cary, NC
Sandy Springs, GA
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Us Patents
Micr Rejects Analysis And Management Information System
US Patent:
4947321, Aug 7, 1990
Filed:
Nov 30, 1989
Appl. No.:
7/443865
Inventors:
James S. Spence - Atlanta GA
Harry W. Grow - Dunwoody GA
Harry W. Grow - Dunwoody GA
Assignee:
Stanford Technologies, Inc. - Atlanta GA
International Classification:
G06F 1530
US Classification:
364401
Abstract:
An interactive and menu driven microcomputer-based system is disclosed which provides financial institution management and quality control personnel with a powerful tool to help manage and control MICR encoded document rejects to reduce the rate of such rejects to a minimum. The reject analysis system's dedicated microcomputer is linked to a bank's mainframe computer either directly or indirectly by utilizing a mainframe generated item processing magnetic tape file. The microcomputer-based system may, for example, include a PC having a keyboard and a CRT display, a tape drive, a hard disk, an extended RAM memory, and a printer for generating advisory letters and other hard copy documents. The microcomputer-based system also includes a MICR reader and analyzer which permits rejected checks to be analyzed for their MICR quality. The system displays a daily summary report showing the total document items processed, the number of rejected items, as well as the rejected percentage.
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