Rather than settle transactions one-by-one, banks generally employ 7a companies that determine each bank's net debtor/creditor position over a large number of transactions and then settle those transactions simultaneously. Along the way, and central to this case, the parties charge each other ...
“Remote Deposit Capture”, Plante & Moran, http://plantemoran.com/industries/fincial/institutions/bank/resources/community+bank+advisor/2007+summer+issue/remote+deposit+capture.htm, Cited in U.S. Pat. No. 7,900,822, as dated 2007 (3 pgs). “Remote Deposit” National City, http://www...
For example, in one implementation, the RDC-Video may perform a series of image analysis procedures to enhance the received check image and extract deposit information such as payee's name, payee's bank, account number, bank routing number, deposit amount, and/or the like. In one ...