Storing information recorded as part of a financial transaction with a quantity of data stored determined by a monetary value of the transaction

• US 20030007676A1
• Filed: 07/05/2001
• Published: 01/09/2003
• Est. Priority Date: 07/05/2001
• Status: Active Grant

• Current Assignee: Toshiba Global Commerce Solutions Holdings Corporation (Toshiba Corporation)
• Original Assignee: International Business Machines Corporation
• Inventors: Cato, Robert Thomas
• Granted Patent: US 6,816,608 B2
• Time in Patent Office: Days
• US Class Current: 382/137
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/042 characterized in that the payment protocol involves at least one cheque
• CPC Class Codes: G07D 7/0047 using checkcodes, e.g. coded numbers derived from serial number and denomination

Abstract

A point of sale terminal includes an input device, for reading information to be stored as part of a financial transaction, and a storage device in which data derived from the information is stored, with the amount of data stored being determined by the financial value of the transaction. The terminal may include a document scanner providing an image of a check or of another form of identification associated with a check, and a digitizing tablet, which provides an indication of movement of a pen or stylus to form a signature. The terminal may also include optical character recognition, which is used to obtain a name and address from the check, which is also stored according to the value of the check.

Claims

1. A method for storing information recorded as part of a financial transaction, wherein said method comprises:

a) determining a monetary value of said financial transaction;

b) generating computer readable signals representing said information;

c) determining a quantity of data to represent said computer readable signals, wherein said quantity of data is decreased when said monetary value of said financial transaction is lower than a threshold monetary value; and

d) storing data representing said quantity of data.

2. The method of claim 1, wherein

step b) occurs within a document scanner,

said data representing said quantity of data is stored as a bitmap, and

said quantity of data is a number of pixels representing said computer readable signals.

3. The method of claim 2, additionally comprising, before step d),

e) reducing said quantity of data by an image data compression process

4. The method of claim 3, wherein

step c) occurs before step e), and

step c) reduces a quantity of data processed within step e).

5. The method of claim 3, wherein

step c) occurs before step e), and

step e) includes performing a compression algorithm controlled in response to step c).

6. The method of claim 3, wherein

step c) occurs before step b), and

said computer readable signals are generated in accordance with step c).

7. The method of claim 1, wherein

step b) occurs within a document scanner,

said data representing said quantity of data is stored as text,

said method additionally comprises performing optical character recognition in response to step c) to generate said data representing said quantity of data.

8. The method of claim 1, wherein

step b) occurs within a digitizing tablet, and

said quantity of data is a number of bits representing a path of movement of an instrument in forming a signature.

9. A method for processing a check, wherein said method comprises:

a) determining a monetary value of said check;

b) scanning said check to generate computer readable signals representing an image of said check;

c) reading ferromagnetic indicia on said check;

d) determining a number of pixels to represent said computer readable signals, wherein said number of pixels is decreased when said monetary value of said check is lower than a first threshold monetary value;

e) storing data representing said quantity of data as a bitmap; and

f) storing data representing said ferromagnetic indicia and said monetary value of said check.

10. The method of claim 9, additionally comprising, before step e),

g) reducing said number of pixels by an image data compression process.

11. The method of claim 10, wherein

step d) occurs before step e), and

step d) reduces a quantity of data processed within step g).

12. The method of claim 10, wherein

step d) occurs before step e), and

step g) includes performing a compression algorithm controlled in response to step d).

13. The method of claim 10, wherein

step d) occurs before step b), and

said computer readable signals are generated in accordance with step d).

14. The method of claim 9, additionally comprising:

h) performing optical character recognition of data printed on said check to determine customer address information; and

i) storing said customer address information.

15. The method of claim 14, wherein

said method additionally comprises:

j) determining that said monetary value of said check is higher than a second threshold monetary value, and

steps h) and i) are performed in response to step j).

17. The system of claim 16, wherein

said first input means includes a document scanner,

said data representing said quantity of data is stored as a bitmap, and

said quantity of data includes a number of pixels representing said computer readable signals.

18. The system of claim 16, wherein

said second input means includes a document scanner,

said processor is additionally programmed to perform character recognition in response to potions of said computer readable signals from said document scanner,

data representing a first portion of said quantity of data is stored as a bitmap,

data representing a second portion of said quantity of data is stored as text,

said first portion of said quantity of data includes a number of pixels representing said computer readable signals, and

said second portion of said quantity of data includes text from said character recognition.

19. The system of claim 18, wherein

said second input means additionally includes a digitizing tablet generating signals representing a pattern of movement of an instrument along a surface of said digitizing tablet, and

said quantity of data is a number of bits representing said signals representing said pattern of movement.

16. A system for processing a financial transaction, wherein said system comprises:

a storage device;

first input means for processing purchases associated with said financial transaction;

second input means for generating computer readable signals representing information to be recorded as part of said financial transaction; and

a processor programmed to;

determine a monetary value of said financial transaction in response to inputs from said first input means,

determine a quantity of data to represent said computer readable signals from said second input means, wherein said quantity of data is decreased when said monetary value of said financial transaction is lower than a first threshold monetary value, and

store data in said storage device representing said quantity of data.

20. A computer readable medium having stored thereon an application program, wherein said application program includes instructions for execution within a processor to cause said processor to perform steps of:

determining a monetary value of a financial transaction in response to processing transactions associated with said financial transaction,

determining a quantity of data to represent computer readable signals representing information recorded as part of said financial transaction, wherein said quantity of data is decreased when said monetary value of said financial transaction is lower than a first threshold monetary value, and

storing data representing said quantity of data in a storage device.

21. The computer readable medium of claim 20, wherein

said data representing said quantity of data is stored as a bitmap, and

said quantity of data includes a number of pixels representing said computer readable signals.

22. The computer readable medium of claim 20, wherein

said application program additionally includes instructions for execution within said processor to cause said processor recognize characters in response to potions of said computer readable signals,

data representing a first portion of said quantity of data is stored as a bitmap,

data representing a second portion of said quantity of data is stored as text,

said first portion of said quantity of data includes a number of pixels representing said computer readable signals, and

said second portion of said quantity of data includes text from said character recognition.

24. The computer readable medium of claim 23, wherein

said data is additionally stored within a third data structure including fields containing data representing a name, address, and telephone number from each check, having a monetary value exceeding a threshold value, within said plurality of checks, and

said first data structure additionally includes a sixth field containing data representing a pointer to data stored within said third data structure for each check, having a monetary value exceeding a threshold value, within said plurality of checks.

23. A computer readable medium having stored thereon data representing each check within a plurality of checks, wherein

said data is stored within first and second data structures,

said second data structure contains a bitmap representing a number of pixels derived from an image of each check within said plurality of checks,

said number of pixels is determined according to a monetary value of said check for each check within said plurality of checks, and

said first data structure comprises:

a first field containing data representing a transaction date for each check within a plurality of checks,

a second field containing data representing said monetary value of each check within said plurality of checks,

a third field containing data representing an account number for each check within said plurality of checks,

a fourth field containing data representing a check number for each check within said plurality of checks, and

a fifth field containing data representing a pointer to a bitmap stored within said second data structure for each check within said plurality of checks.