SCOTT T REID
Pilots at 64 Ave, Hassan, MN
License number
Minnesota C1070240
Category
Airmen
Address
Address
15125 64Th Ave N, Hassan, MN 55311
Professional information
System And Method For Processing Checks And Check Transactions
US Patent:
8126808, Feb 28, 2012
Filed:
Dec 20, 2008
Appl. No.:
12/317200
Inventors:
Scott R. Reid - Maple Grove MN, US
Kari Hawkins - Medicine Lake MN, US
Kari Hawkins - Medicine Lake MN, US
International Classification:
G06Q 40/00, G06K 5/00
US Classification:
705 45, 235380
Abstract:
A method of processing paper checks that divides into two independent paths the processing of a data file representing a check and the digital image of the check. The data files and image files are separated both in time and in space, with the data files being used to promptly initiate the transfer of funds to and from appropriate accounts, while the paper checks, at a remote location and typically lagging in time, are scanned to create digital image files and deposited as an image or substitute check if deemed ACH ineligible. The method provides for the comparison of data files to image files, based on MICR information, to find any unmatching or mismatched items for exception processing and a process to manage ACH-ineligible items as an image or substitute check. A process for translating raw MICR data to a desired format, and for identifying the proper translation to be applied, is described.
System And Method For Processing Checks And Check Transactions
US Patent:
2014007, Mar 13, 2014
Filed:
Nov 18, 2013
Appl. No.:
14/082904
Inventors:
Kari B. Hawkins - Medicine Lake MN, US
Scott T. Reid - Maple Grove MN, US
Scott T. Reid - Maple Grove MN, US
Assignee:
SOLUTRAN - Minneapolis MN
International Classification:
G06Q 20/04, G06Q 20/02
US Classification:
705 45
Abstract:
A system and method of processing paper checks that divides into two independent paths the processing of a data file representing a check and the digital image of the check. The data files and image files are separated both in time and in space, with the data files being used to promptly initiate the transfer of funds to and from appropriate accounts, while the paper checks, at a remote location and typically lagging in time, are scanned to create digital image files and deposited as an image or substitute check if deemed ACH ineligible. The method provides for the comparison of data files to image files, based on MICR information, to find any unmatching or mismatched items for exception processing and a process to manage ACH-ineligible items as an image or substitute check. The system and method further provides for sorting exceptions according to transaction type (ACH eligible versus ACH-ineligible) and prioritizing the further processing of the exceptions based on transaction type.
Control Features In A System And Method For Processing Checks And Check Transactions
US Patent:
8126807, Feb 28, 2012
Filed:
Sep 12, 2008
Appl. No.:
12/283524
Inventors:
Kari Hawkins - Medicine Lake MN, US
Scott Reid - Maple Grove MN, US
Scott Reid - Maple Grove MN, US
International Classification:
G06Q 40/00, G06F 17/60
US Classification:
705 45, 235379
Abstract:
A method of processing paper checks that divides into two independent paths the processing of a data file representing a check and the digital image of the check. The data files and image files are separated both in time and in space, with the data files being used to promptly initiate the transfer of funds to and from appropriate accounts, while the paper checks, at a remote location and typically lagging in time, are scanned to create digital image files and deposited as an image or substitute check if deemed ACH ineligible. The method provides for the comparison of data files to image files, based on MICR information, to find any unmatching or mismatched items for exception processing and a process to manage ACH-ineligible items as an image or substitute check. The process further provides for a trial period protocol for performing image matching on ACH-eligible items during a trial period before sending such transactions for settlement.
Control Features In A System And Method For Processing Checks And Check Transactions
US Patent:
2013003, Feb 7, 2013
Filed:
Feb 3, 2012
Appl. No.:
13/365361
Inventors:
Kari Hawkins - Medicine Lake MN, US
Scott Reid - Maple Grove MN, US
Scott Reid - Maple Grove MN, US
International Classification:
G06K 9/00
US Classification:
382139
Abstract:
A method of processing paper checks that divides into two independent paths the processing of a data file representing a check and the digital image of the check. The data files and image files are separated both in time and in space, with the data files being used to promptly initiate the transfer of funds to and from appropriate accounts, while the paper checks, at a remote location and typically lagging in time, are scanned to create digital image files and deposited as an image or substitute check if deemed ACH ineligible. The process further provides for a trial period protocol for performing image matching on ACH-eligible items during a trial period before sending such transactions for settlement.
Prioritized Exception Processing System And Method With In A Check Processing System And Method
US Patent:
2009026, Oct 22, 2009
Filed:
Feb 26, 2009
Appl. No.:
12/380300
Inventors:
Kari Hawkins - Medicine Lake MN, US
Scott R. Reid - Maple Grove MN, US
Scott R. Reid - Maple Grove MN, US
International Classification:
G06K 9/00, G06Q 40/00, G06Q 10/00, G06Q 20/00
US Classification:
382139, 705 45, 705 30
Abstract:
A system and method of processing paper checks that divides into two independent paths the processing of a data file representing a check and the digital image of the check. The data files and image files are separated both in time and in space, with the data files being used to promptly initiate the transfer of funds to and from appropriate accounts, while the paper checks, at a remote location and typically lagging in time, are scanned to create digital image files and deposited as an image or substitute check if deemed ACH ineligible. The method provides for the comparison of data files to image files, based on MICR information, to find any unmatching or mismatched items for exception processing and a process to manage ACH-ineligible items as an image or substitute check. The system and method further provides for sorting exceptions according to transaction type (ACH eligible versus ACH-ineligible) and prioritizing the further processing of the exceptions based on transaction type.
System And Method For Processing Checks And Check Transactions
US Patent:
8589301, Nov 19, 2013
Filed:
Feb 3, 2012
Appl. No.:
13/365369
Inventors:
Scott R. Reid - Maple Grove MN, US
Kari Hawkins - Medicine Lake MN, US
Kari Hawkins - Medicine Lake MN, US
Assignee:
Solutran - Minneapolis MN
International Classification:
G06Q 40/00, G06K 5/00
US Classification:
705 45, 235380
Abstract:
A method of processing paper checks that divides into two independent paths the processing of a data file representing a check and the digital image of the check. The data files and image files are separated both in time and in space, with the data files being used to promptly initiate the transfer of funds to and from appropriate accounts, while the paper checks, at a remote location and typically lagging in time, are scanned to create digital image files and deposited as an image or substitute check if deemed ACH ineligible. The method provides for the comparison of data files to image files, based on MICR information, to find any unmatching or mismatched items for exception processing and a process to manage ACH-ineligible items as an image or substitute check. A process for translating raw MICR data to a desired format, and for identifying the proper translation to be applied, is described.
System And Method For Processing Checks And Check Transactions
US Patent:
8311945, Nov 13, 2012
Filed:
Jan 30, 2007
Appl. No.:
11/699776
Inventors:
Kari Hawkins - Medicine Lake MN, US
Scott Reid - Maple Grove MN, US
Scott Reid - Maple Grove MN, US
Assignee:
Solutran - Minneapolis MN
International Classification:
G06Q 40/00, G06K 5/00
US Classification:
705 45, 235380
Abstract:
A method of processing paper checks that divides into two independent paths the processing of a data file representing a check and the digital image of the check. The data files and image files are separated both in time and in space, with the data files being used to promptly initiate the transfer of funds to and from appropriate accounts, while the paper checks, at a remote location and typically lagging in time, are scanned to create digital image files and deposited as an image or substitute check if deemed ACH ineligible. The method provides for the comparison of data files to image files, based on MICR information, to find any unmatching or mismatched items for exception processing and a process to manage ACH-ineligible items as an image or substitute check.