US 11,756,388 B2
System and method for automated deposit item handling
A Warren Pratten, London (CA); Randall Walton Martin, Oakville (CA); Martin Albert Lozon, London (CA); Graham Allan Anderson, Guelph (CA); Ratnadeep Bhadra, Oakville (CA); James Kenneth McCrae, Guelph (CA); and Dino Paul D'Agostino, Richmond Hill (CA)
Assigned to The Toronto-Dominion Bank, Toronto (CA)
Filed by The Toronto-Dominion Bank, Toronto (CA)
Filed on Sep. 10, 2021, as Appl. No. 17/471,724.
Application 17/471,724 is a continuation of application No. 16/129,060, filed on Sep. 12, 2018, granted, now 11,145,169.
Prior Publication US 2021/0407258 A1, Dec. 30, 2021
This patent is subject to a terminal disclaimer.
Int. Cl. G07F 19/00 (2006.01); G06Q 20/40 (2012.01); G06Q 20/04 (2012.01)
CPC G07F 19/202 (2013.01) [G06Q 20/042 (2013.01); G06Q 20/4037 (2013.01); G07F 19/206 (2013.01)] 20 Claims
OG exemplary drawing
 
1. A system comprising:
a processor;
a communications module coupled to the processor; and
a memory coupled to the processor storing instructions that, when executed by the processor, cause the system to:
obtain an image of a deposit item scanned by a computer system;
identify, based on the image of the deposit item, a drawee institution for the deposit item;
determine that the drawee institution is a financial institution associated with a first account into which the deposit item is to be deposited;
identify, based on the image of the deposit item, a drawer account on which the deposit item is drawn at the financial institution;
confirm that the drawer account has sufficient available funds to cover an amount of the deposit item;
upon confirming that the drawer account has sufficient funds to cover the amount of the deposit item, credit the first account in the amount of the deposit item such that the credited amount is immediately available and encumber funds of the drawer account in the amount of the deposit item; and
after crediting the first account in the amount of the deposit item, send an indication to the computer system in real time or near real time following receipt of the image of the deposit item to confirm that the credited amount is immediately available.