Payee match positive pay banking

• US 20030172030A1
• Filed: 03/06/2002
• Published: 09/11/2003
• Est. Priority Date: 03/06/2002
• Status: Abandoned Application

• Current Assignee: Parascript, LLC
• Original Assignee: Parascript, LLC
• Inventors: Volgunin, Alexander A.
• Application Number:
  US10/093,180
• Publication Number:
  US 20030172030A1
• Time in Patent Office: Days
• US Class Current: 705/42
• 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: G06Q 20/108 Remote banking, e.g. home banking
• CPC Class Codes: G06Q 20/4014 Identity check for transactions
• CPC Class Codes: G07F 7/04 by paper currency

Abstract

An issued check is verified in a computer-implemented positive-pay bank check processing system. A scanned check amount, a scanned bank account number, and a scanned check number are read from a scanned image of the issued check. A payee name field on the scanned image of the issued check is located, and a scanned payee name is read from the payee name field. Based on the bank account number and the check number, a record payee name or names are retrieved from an issued check file listing checks issued by a payer or owner of the checking account on which the issued check is drawn. A payee name field on the scanned image of the issued check is located, and a scanned payee name is separated from other information in payee name field, such as payee address. The scanned payee name is matched against a lexicon of record payee name variations based on the record payee name or names. Also, standard noise payee names are added to the lexicon to create a competition with the payee name from check issued file. The payee name on the check is verified if the similarity between the scanned payee name and a payee name from the lexicon indicates a high confidence match. If the payee name is verified, the issued check is authenticated as a positive pay check. If the scanned check amount is compared to the record check amount, and the check amount may also be verified when the scanned check amount and the record check amounts are the same.

Claims

1. In a computer-implemented bank-check processing system having a scanner for scanning issued checks, a method for verifying a payee name from a scanned check image of a check being processed by the system against a stored payee name received by the system from the issuer of the check, said method comprising:

locating a payee field on the check image;

extracting an image of the payee field at a location found by the act of locating;

parsing the payee field to separate a scanned payee name from other information in the payee field;

matching the scanned payee name separated from the payee field against the stored payee name to verify the payee name.

2. The method of claim 1 wherein said act of locating comprises:

identifying a format for the check image; and

searching for the payee field at a predetermined location on the check image based on the format for the check image.

3. The method of claim 2 wherein the act of matching comprises:

comparing the scanned payee name against payee names in a lexicon of payee names based on stored payee names to verify the scanned payee name if at least some predetermined similarity exists between the scanned payee name and a payee name in the lexicon.

4. The method of claim 3 further comprises:

building the lexicon of payee names based on the stored payee name or names from an issued check file received from the issuer of the check, the lexicon including the payee names and variations on the payee names.

5. The method of claim 3 further comprises:

building the lexicon of payee names based on the stored payee name or names of the check being processed from an issued check file received from the issuer of the check, the lexicon including the payee names and variations on the payee names.

6. A bank check processing system for verifying a payee name on an issued check before disbursing funds to the payee, the system comprising:

an image retrieve module retrieving a scanned check image of the issued check;

a file retrieve module retrieving an issued check file from the issuer of the issued check, the issued check file having a list of check records with each check record including a check identifier and a check payee name;

a payee name verify module, responsive to the scanned check image of the issued check and a check record for the issued check from the issued check file, matching a scanned payee name from the scanned check image of the issued check against a check payee name from the check record of the issued check in order to indicate whether or not the scanned payee name is verified; and

a disburse module, in response to payee name verify module, disbursing funds to the payee if the scanned payee name is the same name as the check payee name.

7. The system of claim 6, wherein each check record further includes a check amount and the system further verifies an amount of funds for the issued check, the system comprises in addition:

an amount verify module, responsive to the scanned check image and the issued check file, matching a scanned amount from the scanned check image of the issued check against a check amount from the check record of the issued check in order to indicate whether or not the scanned amount is verified; and

the disburse module, in response to the amount verify module and in response to the payee name verify module, disbursing finds to the payee if the scanned payee name is verified by the payee name verify module and the scanned amount is verified by the amount verify module.

8. The bank check processing system of claim 6 wherein the verify payee module comprises:

a locate module finding the location of the scanned payee name on the scanned check image and extracting the scanned payee name; and

a match payee name module matching the scanned payee name to a lexicon of check payee names to verify the payee name.

9. The bank check processing system of claim 8 wherein the locate module comprises:

a read module reading a scanned check identifier from the scanned check image and getting a check format based on the check identifier;

an extract module extracting payee field information at a location on the scanned check image based on the check format; and

a parse module parsing the payee field information to separate out the scanned payee name from the payee field information.

10. The bank check processing system of claim 9 further comprises:

a check payee name retrieve module responsive to the scanned check identifier retrieving the check payee name from a check record identified by the scanned check identifier;

11. The bank check processing system of claim 8 further comprises:

a lexicon build module creating the lexicon of payee names, the lexicon including all check payee names in the issued check file and variations of the check payee names.

12. The bank check processing system of claim 8 wherein the lexicon of payee names is received from the issuer of the issued check.

13. Apparatus for positive-pay verifying an issued check in a bank check processing system comprising:

retrieve means for retrieving, based on a bank account number and a check number, a record payee name from an issued check file listing checks issued by a payer of the issued check;

compare means responsive to said retrieve means for comparing a payee name from the issued check against a vocabulary of record payee names, the vocabulary including at least the record payee name and record payee name variations based on the record payee name; and

said compare means for verifying the payee name based on the similarity between the payee name on the issued check and a payee name from the vocabulary of payee names.

14. The apparatus of claim 13 wherein the bank check processing system has a check scanner for issued checks, and the apparatus further comprises:

locate means for locating a payee name field on the scanned image of the issued check and reading from the payee name field the payee name.

15. The apparatus of claim 14 wherein said locate means comprises:

read means for reading a scanned bank account number from a scanned image of the issued check;

format means responsive to the read means for getting the check format of the issued check based on the scanned bank account number;

said locate means locating the payee name field based on the check format.

16. The apparatus of claim 15 and in addition:

said retrieve means for retrieving, based on a bank account number and a check number, a record amount for the issued check;

amount verify means for reading an amount from the scanned image of the issued check and for comparing the amount from the issued check against the record amount for the issued check, and verifying the amount based on the similarity between the amount on the issued check and the record amount.

17. The apparatus of claim 13 wherein the vocabulary includes all record payee names in the issued check file and variations on the payee names in the issued check file.

18. The apparatus of claim 13 wherein the vocabulary includes a list of record payee names for the bank account number.

19. A computer program product readable by a bank computing system and encoding a computer program of instructions for executing a computer process for positive pay verification of issued checks, said computer process comprising:

locating a payee name field on the issued check and parsing a payee name from the payee name field to generate an issued check payee name;

getting from an issued check file, listing checks issued by a payer of the issued check, a record payee name for the issued check; and

reading the issued check payee name by matching the issued check payee name field against a lexicon of payee names based on the record payee name; and

verifying the issued check payee name when there is a high confidence match between the issued check payee name and a payee name in the lexicon.

20. The computer program product of claim 20 wherein the computer process further comprises:

getting a record amount for the issued check from the issued check file; and

verifying an amount on the issued check when the amount on the issued check matches the record amount.

21. The computer program product of claim 20 the act of locating in the computer process further comprises:

identifying a check format of the issued check from a bank account number on the issued check; and

locating the payee name field based on the check format.