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The Pitney Bowes Inc. patent solves the following problem:
Traditionally, the business deposited checks received from, for example, the customer physically by taking them to a branch of their bank and put them on the counter with a teller or dropping them into a night deposit box. The actual physical presentation of checks to hide because, under the banking law, the depository bank to present the original of each check to the corresponding payment in the bank to clear the check. This changed in October 2004 with the construction of The Check Clearing for the 21st Century Act, commonly referred to as Check 21. Check 21 took the legal requirement that an original paper check to be presented to claims payment. Instead, the banks now use digital images to bring checks data from the bank of first deposit to pay the bank. Therefore, depositors have the option to put checks electronically. In particular, when a depositor would put one or more checks, an operator, the accounts receivable clerk, can scan each paper checks put to use some sort of a digital scanner to create an image of each check. The checks are then transmitted electronically to the bank for the first deposit. If any low bank, paying bank, not processing a check image, the image will be printed, according to certain specifications, to make what is known as a substitute checks, which are legal the equivalent of the original paper check. Check 21 thus opened the door for remote check deposit solutions where check images, the original paper checks, used to make deposits, so that business thereby eliminating trips to the bank. Furthermore, the use of check images reduces check transportation costs to banks and improves funds availability.
Our analysis of this patent is as follows:
Pitney Bowes Inc.’s patent US 7609873 B2 deals with Method for processing checks prior to electronic deposit.
A method of processing checks include obtaining the first information on the checks that compiled an operator to use a calculator, such as scanning a calculator tape, wherein the first information includes a first number of the first amount of dollars, each of which corresponds to a respective one of the checks. method further includes scanning checks to make one more check, claims the pictures to check a second number of the second amount of dollars, each equivalent to one portion jail one of these checks, determine if the first number is equal to the second number, and give a wrong signal if the first number does not equal the second number (which is an indication that a misfeed occurred).
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