Patent ID: 7108174

Claim:
A method of electronically processing a check comprising: scanning a check received by a merchant at a merchant location to obtain information about the check that facilitates electronic processing of the check wherein the information about the check includes a magnetic ink character recognition (MICR) line imprinted on the check; determining that the check is a corporate check when the MICR line comprises an auxiliary on-us field; indicating that the check is the corporate check when the auxiliary on-us field is present; and communicating the indication and the information about the cheek to a check processing service that authorizes or declines a check transaction associated with the check; wherein the check processing service: applies selected corporate rules to the check transaction when the indication indicates that the check is the corporate check; notifies the merchant to process the check as a paper check when the check transaction fails the corporate rules; performs a risk assessment of the check transaction to authorize or decline the check transaction when the check transaction passes the corporate rules; and processes the check as a cash concentration disbursement (CCD) transaction via an automated clearing house (ACH) when the check is authorized.