Patent ID: 7520422

Claim:
A system for depositing a negotiable instrument received in a negotiable instrument cashing transaction between a negotiable instrument presenter and a negotiable instrument cashing operator, the system comprising: a negotiable instrument imaging station operated by a negotiable instrument cashing operator that images a negotiable instrument presented by a negotiable instrument presenter and receives negotiable instrument presenter validating data; a depository bank, remote from said negotiable instrument cashing operator, that receives said negotiable instrument image and negotiable instrument presenter validating data, said depository bank depositing said negotiable instrument using said received negotiable instrument image; and a second bank, local to said negotiable instrument cashing operator and remote from said depository bank, that hosts a financial account for said negotiable instrument cashing operator, said local bank receiving a funds transfer for the value of said negotiable instrument from said depository bank once said negotiable instrument has cleared.