Wade L Funk, 70Farmersville, TX

6059185, May 9, 2000

Mar 28, 1996

8/623480

Wade L. Funk - Plano TX
Walter C. Jackson - Carrollton TX

Electronic Data Systems Corporation - Plano TX

G06F 1530

235379

The automated improved check processing system and method includes a data entry device (200, 202) for receiving checking account information (304, 306, 308) and a check amount (302) of a check (210, 300) provided for deposit in a transaction, which are electronically transmitted and stored in a database (204). A document identifier is automatically generated and also stored with the checking account information in the database (204). Further, the depositor's account information may also be read and stored in the database. A power encoder (208, 414) is then used to match the paper checks (210, 300) with the respective electronic checking account information and check amount so that the correct check amounts can be encoded onto the face of the checks. The power encoder may also spray endorse a depositor's account information on the check to facilitate returns processing (416). Cash management investment positions can also be planned and maximized in advance due to the early availability of the deposit information (418) through on-line access terminals.

5801366, Sep 1, 1998

Mar 28, 1996

8/623439

Wade L. Funk - Plano TX
Walter C. Jackson - Carrollton TX

Electronic Data Systems Corporation - Plano TX

G06K 500
G06F 1760

235380

An automated check processing system includes an input device receiving checking account information and a check amount of a check provided for payment in a translation. A transaction database coupled to the input device then electronically receives and stores the checking account information and check amount, which are then downloaded to a power encoder. The power encoder receives checking account information and check amount for transactions occurring over a predetermined transaction period, and then matches the checks with the electronic checking account information and check amounts. A check having a match results in the electronic checking amount being encoded on its face.

5832463, Nov 3, 1998

Mar 28, 1996

8/623584

Wade L. Funk - Plano TX

Electronic Data Systems Corporation - Plano TX

G06F 1760

705 35

The automated improved check processing system and method includes a data entry device (200, 202) for receiving checking account information (304, 306, 308) and a check amount (302) of a check (210, 300) provided in a transaction. The transaction may take place at a bank teller window or a point-of-sale. The checking account information and check amount are electronically transmitted to the institution or servicer (208) drawn on for electronic presentment and posting to the proper checking account. Additionally, an image capturer (204) may be used at the time of the transaction to obtain a digitized image of the face of the check. The captured image may then be forwarded electronically to a database, which is readily accessible for research purposes.