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San Antonio Men Invent Negotiable Instrument Deposit Method
San Antonio Men Invent Negotiable Instrument Deposit Method | sanant_txbz, 7962411, atomic deposit transaction, Bharat Prasad, Jeffrey N. Pollack, both of San Antonio, patent, 7962411, Atomic deposit transaction, Texas Business, TexasBusiness,

U.S. Patent 7,962,411: Atomic deposit transaction

Texas Business reports:  Two San Antonio men devised a method to make negotiable instruments more secure.

Bharat Prasad and Jeffrey N. Pollack, both of San Antonio, received U.S. Patent 7,962,411 for “Atomic deposit transaction.”

The two filed for the patent on September 30, 2008. 

The patent assignee is the United Services Automobile Association (USAA) of San Antonio.

The invention allows a user to generate a digital image of a negotiable instrument such as a check.

The digital image may be transmitted to an institution in a digital image file for deposit of the check.

After the user selects to submit the digital image file, the digital image file may be sent from a user computing device to the institution.

The user computing device may be decoupled from the transaction once the submission of the digital image file for deposit of the check is made. The transaction is thereafter managed by the institution.

Incomplete transactions are avoided by moving the transaction processing to the server side at the institution after the user submits the digital image file. This may be referred to as an atomic deposit transaction.