Patent ID: 8204812
Filing Date: 2012-06-19
Classification: G06K,G06Q,G07F

Abstract:
1. A method of electronically funding a financial account of a customer from a demand deposit account of the customer, the method comprising: providing an electronic funding application; electronically transmitting the electronic funding application to a customer-operated client; entering financial data into the funding application at the customer-operated client, the financial data including a magnetic ink character recognition (MICR) line, a currency amount, and an account identifier; electronically transmitting the financial data to a server; validating that at least a portion of the entered financial data corresponds to the demand deposit account by comparing the portion of the entered financial data to data representing valid demand deposit accounts; converting the MICR line to an item compatible with an automated clearing house (ACH) network; submitting the item and the currency amount to the ACH network; and electronically transferring the currency amount from the demand deposit account of the customer to the financial account of the customer for later withdrawal or use by the customer.