JP2009543165A - Bank deposit method - Google Patents

Abstract

In accordance with the present invention, a store can use a debit card read to enable a store to send deposit information to its bank or financial institution for crediting rather than debiting in its deposit account. A readable deposit card is issued to the device. More particularly, a method is provided for a store having a debit card reader configured to transmit deposit information to a bank having at least one account to facilitate bank deposits.
The method comprises the steps of (i) collecting deposit information for cash and circulation securities deposited in a deposit account, (ii) transmitting the deposit information to a bank via a debit card reader, and (iii) deposit Concatenating cash and securities in the package, (iv) adding a label belonging to the deposit information of step (ii) to the deposit package for the link, and (v) delivering the deposit package from step (iv) to the bank Comprising the steps of:
[Selection] Figure 1

Description

  The present invention relates to processing of banking business information. More particularly, this invention relates to store operations, and more particularly to retailer operations that deposit daily earnings in night storage boxes held by banks or similar institutions.

  A typical retailer deposits daily earnings in a night vault box maintained by a bank or other financial institution.

  Current work includes calculating daily cash, check and credit card revenue, recording proceeds on approved deposit slips, and cash, check and credit card revenues into night deposit bags along with deposit slips. It is necessary to put it in and leave the bank with a night deposit bag.

  The problem with the current procedure is due to the time delay between filling out the deposit documents, verifying with the bank, and recording the deposit amount of those funds against the bank customer trading account.

  Until the bank scrutinizes and checks the deposit documents, the bank has no idea how much the customer is depositing.

  Furthermore, it may take days to check the total, whether by contract staff or in-house staff.

  In addition, staff checking the grand total may face problems due to the extraordinary time spent processing unreadable legitimate deposit slips, overlooked or missing entries.

  From the bank's standpoint, the bank will not be able to record the deposit amount in its reserve until the verification process is complete.

  Similarly, bank customers will not be able to verify deposits until the bank has completed its processing.

  The present invention allows the majority of retailers who are bank customers to utilize a debit card system that can transfer money directly from the debit card holder's account to the retailer's account.

  According to the present invention, a store issues a deposit card that can be read by a debit card reader capable of transmitting credit card deposit information to a bank or financial institution rather than a debit.

  More specifically, it is an object of the present invention to provide a method in which a store has a debit card reader so that deposit information can be easily sent to a bank having an account.

  The method comprises the steps of: collecting deposit information relating to cash deposited in said account and circulation securities; transmitting said deposit information to said bank via a debit card reader; and said cash and transferable securities in a deposit package , Integrating the deposit package in step (ii) to link it to the deposit information, and delivering the deposit package to the bank in step (iv).

  According to one embodiment of the present invention, the deposit information can be transmitted to the store using an access card issued by the bank.

  The confirmation of the depositor can be confirmed using a personal identification number ("PIN number").

Preferred embodiments of the invention are the following depicted portions with reference to the accompanying explanatory drawings.
Fig. 2 is a schematic diagram of a method according to the invention.

  With reference to a schematic diagram indicated by reference numeral 10 in FIG. 1, a method for a store to deposit (deposit) in a bank according to the present invention will be described.

  In daily operations, the retail store 20 aggregates individual circulation securities including cash 22, checks 24, and credit card slips 26.

  The retail store uses the debit card reader 30 so that the retail store customer can directly transfer the value of the merchandise from his account to the account held by the retail store 20 in the bank.

  Conventionally, the retail store prepares a bank deposit form 50 by integrating deposit information composed of any one or more cash 22, circulation securities 24 and credit deposit slips 26.

  The bank deposit form 50 generally includes incoming funds statistics 52, describing the type of each item deposited with the bank.

  Conventionally, cash and circulation securities are placed in a deposit package 54 which is deposited in a night deposit box 42 at a branch near the retail store bank 40.

  Some time after being stored, an employee of the bank 40 opens the deposit envelope 54 and collates the cash and circulation securities contained in the deposit envelope 54 having the deposit statement 50.

  If the grand total is verified, the bank records an amount corresponding to the total amount 52 in the deposit account of the retail store 20.

  However, if there are any discrepancies, some action must be taken to verify the amount before filling in the retailer 20 deposit account.

  According to the present invention, the retail store comprises a deposit card 60 that can be read on the debit card reader 30.

  Including the deposit card configured similar to a debit card and an information strip (eg, a magnetic strip 62 that reads the card 62 by a reader (eg, slot 32 of the debit card reader 30)).

  The retail store also prepares a security code (eg, a personal ID number for verification purposes (“PIN”)).

  Reading the card and entering the PIN will allow the retail store 20 to initiate communication with the bank 40 with the debit card reader 30.

  According to the present invention, the retail store inputs the total amount 52 indicating the sum of the cash 22 to be deposited, the circulation securities 24 and the credit slip 26 to the debit card reader 30, and deposits in the retail store 20 of the bank 40. The total amount is sent to the bank 40 for immediate deposit into the account.

  Information input means such as a keypad 34 for inputting information to be transmitted to the bank 40 is provided.

  Once the deposit information is transmitted to the bank 40, the deposit envelope 54 is delivered and stored in the night deposit box 42.

  An advantage of the present invention is that it sends the deposit information to the bank other than by a deposit slip attached to the integrated deposit information of the deposit envelope 54.

  As used herein, the phrase “retail store” should be construed broadly, rather than being limited to a retailer, referring to any entity that provides goods and / or services to a customer in exchange for money. .

  Furthermore, the phrase “bank” includes any financial institution that may maintain a notice deposit on behalf of a retail store, including trust banks, credit unions, and other institutions as well as commercial banks. It is not limited.

  Communication between the debit card reader 30 and the bank 40 may be by any suitable means, including unregulated telephone modems, internet, cable and wireless means.

  In most cases, it would be more convenient for retailers to use on-premises debit card readers to send deposit information, but the above would improve the bank's debit card readers Is also possible.

  In other words, the above functions may be installed in a bank counter rather than being installed in a retailer's debit card reader.

  The above principle is not practically changed, ie deposit information is sent directly on or before the deposit, rather than being booked after the deposit content has been scrutinized.

  When using the system according to the above, there is a fear of fraud.

  In other words, the deposit information may be entered without the actual deposit created.

  This indicates a danger associated with the system and other risks, and it is possible to take protective measures against the above danger.

  For example, a third party may provide a debit information transmission service and may provide a guarantee that a bond or other deposit is guaranteed to a bank or other financial institution.

  In other words, the risk burden is passed on from the bank to the insurer or other third party.

  The above description is intended to be illustrative rather than limiting. Various modifications will be apparent to those skilled in the art in methods that do not depart from the invention as defined by the following claims.

Claims (5)

A store having a debit card reader configured to send deposit information to a bank having at least one account, the bank facilitating bank deposit,
(I) collecting deposit information regarding cash and circulation securities deposited in the account;
(Ii) transmitting the deposit information to the bank via the debit card reader;
(Iii) concatenating the cash and circulation securities in a deposit package;
(Iv) adding a label belonging to the deposit information of step (ii) to the deposit package for a link;
(V) delivering the deposit package from step (iv) to the bank.   The method of claim 1, wherein the deposit information is transmitted as a total amount via a deposit card readable by the debit card reader.   The method of claim 2, wherein the labeling of step (iv) is effected by preparing a deposit slip with the deposit information of the deposit package along with the cash and circulation.   The method of claim 2, wherein the debit card reader is in a location other than a premises of the store.   4. The method of claim 3, further comprising providing third party institution insurance to the bank where the deposit information is paid regardless of the accuracy of the deposit information.

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