Daniel W Mills

US Patent:

52371590, Aug 17, 1993

Filed:

Jul 17, 1991

Appl. No.:

7/731529

Inventors:

Thomas S. Stephens - Addison TX
George B. Anderson - Freehold NJ
Daniel R. Mills - Los Angeles CA
Richard A. Sherman - Marlboro NJ
Harry B. Drollinger - McKinney TX

Assignee:

J. D. Carreker and Associates - Dallas TX

International Classification:

G06F 1530

US Classification:

235379

Abstract:

An Electronic Check Presentment System provides a bank with a fully automated capability for participating in the electronic exchange of check data. It allows banks that utilize the system to take MICR data that has been obtained through check capture methods, selectively extract particular check records and place them in the form of electronic cash letters, transfer the electronic cash letters to selected banks, receive electronic cash letters from other banks, reconcile the electronic cash letters against the paper cash letters when they arrive, and input the electronic MICR data into a database responsible for maintaining check records.