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Wenham, Mass. — November 26, 2013 — Lighthouse Consulting Group, LLC (www.LCGLLC.biz), a management consulting firm and remote deposit capture (RDC) innovator, today announced it has received its second United States patent for carrier based RDC. The U.S. Patent and Trademark Office issued patent No. 8,590,940 on November 26, 2013.

In 2011, LCG received a patent on a method which allows users to deposit checks into their bank accounts from their offices or homes by using imaging devices they already own, such as multifunction devices (MFDs), general purpose scanners and FAX machines. No PC being required. Carriers convey checks and deposit information. This technology has been incorporated into CheckFax and CheckScan, which are designed for small and home businesses that deposit 100 or fewer checks per month.

“We’re pleased to receive the U.S. Patent Office’s formal notice that our RDC system is now also patented,” said LCG President Bob Popadic. “Our system is simple and convenient for the user, and at the same time is designed for easy integration into existing RDC and check processing systems.  It is a unique way to deposit checks for the millions of small and home business people who otherwise would be unable to enjoy the benefits of remote deposit capture.”

The patent covers a system for remote depositing negotiable instruments comprising:

• A carrier in which to place multiple negotiable instruments, the carrier having an identifier on a front and back side of the carrier, the identifier being independent of data on the negotiable instruments and being unique to the carrier; and the carrier being designed to permit imaging of both the fronts and backs of  the negotiable instruments;

• An imaging device for separately generating and transmitting one front and one back electronic image of all the negotiable instruments and the unique identifier, while the negotiable instruments are secured to the carrier;

• A link configured to permit the image device to communicate with a network for directing the front and back electronic images of the carrier to a remote location for subsequent pairing of the front and back images; and

• A receiving unit at the remote location for receiving and storing the separately transmitted front and back images of the negotiable instruments and having software designed to break down the individual front and back images of each negotiable instrument and, using the unique identifier, subsequently pair the front and back images of the each negotiable instrument so as to provide a complete image of each such negotiable instrument.

The patent covers a variety of carrier types, carriers that provide a surface area for providing deposit information, and methods for preventing redeposit.




RESEARCH

March 2011
Small and Home Busines Check Deposit Practices 2010-11 Survey Results


October 2007
Small Business RDC Survey Results


ARTICLES


2013
LCG Granted Patent for Remote Deposit Capture


2012
Some Small and Home Businesses Willing to Pay Large Premium for RDC

Small and Home Businesses Are Not All the Same – An RDC View


2011
Lighthouse Consulting Group, LLC Granted Patent for CheckFaxRDC Application

2010 Survey of Small and Home Business Check Deposit Practices Now Closed

2010
LCG Sets Up LinkedIn Small and Home Business Depositor Group

CheckFaxRDC Compared to Other Remote Deposit Capture Solutions

2009
Looking Beyond the Averages When Offering RDC to Small and Home Businesses


2008
Oil Prices, Credit Crises - Alternate Routes to Remote Deposit Capture Growth


What will the role of branches be in 2015?

Remote Deposit Capture Creates Market Segmentation Opportunities


2006
Fax Machines - Check Scanners
Small Business Already Have


2005
Small Business - A Remote Capture Opportunity

Remote Check Image Capture -  Business Case Behind the Marketing Opportunity

2004
Check 21 a Marketing Opportunity!


2003
Check 21 Act Passes Congress - Opportunities and Concerns


When Will Banks Get On

Board for Check Imaging?


Customer Relationship Management - Why Expectations Go Unmet


Recover from a Disaster or Risk Customer Attrition


Internet Attacks May Be the Least of Your Worries!

Losing the Paper Chase


2002
Fewer Checks to Be Written and Even Fewer to Be Posted

Depositing Checks from Your Office
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