Patent ID: 7996316

Claim:
A processor-implemented method of depositing a physical negotiable instrument, comprising: receiving a physical negotiable instrument at an intake of a depositor's scanner, wherein the physical negotiable instrument comprises at least one surface having a modifiable ink, wherein the modifiable ink is sensitive to a stimulus, wherein the stimulus changes the modifiable ink, wherein the stimulus is a heat or light source of the scanner; generating a first electronic data of the physical negotiable instrument and a second electronic data of the physical negotiable instrument by the depositor's scanner, wherein the first electronic data comprises a digital image of at least a first side of the physical negotiable instrument, wherein the second electronic data comprises an amount of money to be deposited and a magnetic ink character recognition (MICR) information of the physical negotiable instrument; transmitting the first electronic data and the second electronic data to a financial institution, wherein the depositor is remotely located from the financial institution; receiving an instruction to void the physical negotiable instrument from the financial institution after a verification of at least the first electronic data by the financial institution wherein the received instruction causes the application of the stimulus to the modifiable ink; and generating and applying the stimulus by the depositor's scanner to the modifiable ink to void the physical negotiable instrument in response to receiving the instruction to void the negotiable instrument, the stimulus permanently modifying the modifiable ink on the physical negotiable instrument.