Patent ID: 7996315

Claim:
A processor-implemented method for depositing a physical negotiable instrument, comprising: receiving a first electronic data from a depositor device, wherein the depositor is remotely located from a financial institution, wherein the first electronic data comprises a digital image of at least a first side of the physical negotiable instrument, 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 digital image is generated by a depositor's scanner communicatively coupled to the depositor device, wherein the stimulus is a heat or light source of the scanner; receiving a second electronic data, 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; verifying by a processor that the first electronic data and the second electronic data are valid; and transmitting an instruction to void the negotiable instrument to the depositor's scanner subsequent to successful verification of the first and second electronic data; and the depositor's scanner generating and applying the stimulus to the modifiable ink on the at least one surface of the physical negotiable instrument, the stimulus permanently modifying the modifiable ink to void the physical negotiable instrument.