Patent ID: 8660957

Claim:
A method for processing paper checks, comprising: a) receiving, at a third party payment processor computer, a transaction data file containing a plurality of transaction records with each transaction record containing an amount of a transaction that used a paper check and MICR information extracted from the paper check; b) associating, at the third party payment processor computer, a first portion of the transaction records with an indication of an end of a trial period; c) receiving, at the third party payment processor computer, a check image file containing i) a plurality of digital check images generated by scanning the paper checks, and ii) MICR information associated with each of the digital check images; d) determining, at the third party payment processor computer, whether each transaction record is ACH-eligible or ACH-ineligible; e) submitting, from the third party payment processor computer, ACH-ineligible transaction records and ACH-eligible transaction records that are not beyond the trial period to a matching protocol that matches the MICR information in a submitted transaction record to matching MICR information associated with a matched digital check image found in the check image file; and f) submitting, from the third party payment processor computer, ACH-eligible transaction records that are beyond the trial period to the ACH network for settlement without submission to the matching protocol.