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Browse Prior Art Database

Combined Sorting and Transmission System

IP.com Disclosure Number: IPCOM000084876D
Original Publication Date: 1976-Jan-01
Included in the Prior Art Database: 2005-Mar-02
Document File: 1 page(s) / 11K

Publishing Venue

IBM

Related People

Schick, T: AUTHOR

Abstract

In banking systems it is necessary to sort large quantities of checks and deliver the sorted checks to the banks on which they are drawn. Communications systems interconnecting the banks may be used to deliver the check information, thus permitting a more rapid and less costly transfer of funds. Where such a communication system is available, the conventional check sorting operation may be eliminated entirely.

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Combined Sorting and Transmission System

In banking systems it is necessary to sort large quantities of checks and deliver the sorted checks to the banks on which they are drawn. Communications systems interconnecting the banks may be used to deliver the check information, thus permitting a more rapid and less costly transfer of funds. Where such a communication system is available, the conventional check sorting operation may be eliminated entirely.

Each facility interconnected by the system would periodically, at assigned times, transmit all pertinent information relative to checks received. All facilities, including the transmitting facility, would monitor the transmitted pertinent information and accept that pertaining to its facility, thus accomplishing the full equivalent of the sorting and transmission function simultaneously at no increase in cost over the transmission function alone.

Satellite communication systems afford an excellent distribution or transmission medium for such a system; however, conventional terrestrial systems will provide an adequate level of operation.

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