| US 7,520,421 B2 | ||
| System and method to create electronic deposit records and to track the status of a deposit | ||
| Louis V. Salafia, III, Mt. Airy, Md. (US); Kevin H. Connelly, Olathe, Kans. (US); and Josh J. Mann, Kansas City, Mo. (US) | ||
| Assigned to International Financial Services, Inc., Westminster, Md. (US) | ||
| Filed on Sep. 10, 2004, as Appl. No. 10/937,512. | ||
| Claims priority of provisional application 60/502284, filed on Sep. 12, 2003. | ||
| Prior Publication US 2005/0108164 A1, May 19, 2005 | ||
| Int. Cl. G06Q 40/00 (2006.01); G07F 19/00 (2006.01) | ||
| U.S. Cl. 235—379 [705/39] | 9 Claims |
| 1. A method of making, tracking and confirming the receipt of bank deposits by a user to a financial institution comprising;
accessing a user account on a database,
entering deposit information on said database to create an electronic deposit record, said information comprising the amount
of the intended deposit;
encoding said deposit information in a machine readable format to create a code;
associating said encoded deposit information in close proximity with a deposit creating a deposit package;
transmitting said deposit package to a financial institution;
reading said code thereby creating a signal and transmitting said signal to said database and updating information in said
database from said reading thereby providing further information regarding the status of said deposit;
notifying said financial institution when an electronic deposit record has been created; and
notifying said user when said code has not been read after a predetermined time has elapsed after the creation of said electronic
deposit record.
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