Invention Grant
- Patent Title: Prioritizing checks for electronic check processing
- Patent Title (中): 优先检查电子检查处理
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Application No.: US11983033Application Date: 2007-11-06
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Publication No.: US08595096B2Publication Date: 2013-11-26
- Inventor: Benjamin T. Breeden, Jr.
- Applicant: Benjamin T. Breeden, Jr.
- Applicant Address: US VA Richmond
- Assignee: Federal Reserve Bank of Richmond
- Current Assignee: Federal Reserve Bank of Richmond
- Current Assignee Address: US VA Richmond
- Agency: King & Spalding
- Main IPC: G06Q40/00
- IPC: G06Q40/00

Abstract:
Prioritizing checks for electronic check processing based on check characteristics, such as check values, receiving institutions associated with the checks, and/or delivery methods associated with the checks. A prioritization module of a check processing system receives information regarding multiple checks in a check processing queue. The prioritization module assigns at least one priority indicator to one or more of the checks. Each priority indicator includes information regarding a characteristic of the check to which the indicator is assigned. For example, the characteristic can be the value of the check, the receiving institution associated with the check, and/or the delivery method associated with the check. Upon determining that at least one of the checks cannot be timely processed if the checks are processed on a first in, first out basis, the prioritization module re-orders the checks for processing based on the assigned priority indicators.
Public/Granted literature
- US20080159655A1 Prioritizing checks for electronic check processing Public/Granted day:2008-07-03
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