US Patent Issued to THE TORONTO-DOMINION BANK on Oct. 14 for "Check-based initiation of electronic transfers" (Canadian Inventors)

ALEXANDRIA, Va., Oct. 21 -- United States Patent no. 12,443,929, issued on Oct. 14, was assigned to THE TORONTO-DOMINION BANK (Toronto).

"Check-based initiation of electronic transfers" was invented by Milos Dunjic (Oakville, Canada), David Samuel Tax (Toronto) and Vipul Kishore Lalka (Oakville, Canada).

According to the abstract* released by the U.S. Patent & Trademark Office: "A computer system is provided, comprising a processor; a communications module coupled to the processor; and a memory module coupled to the processor and storing instructions that, when executed by the processor, cause the computer system to: receive an image representing a check; extract data from a portion of the image; identify routing data, based on the extrac...