System and method for providing recovery for victims of check fraud
First Claim
1. A method for providing recovery for consumer victims of check fraud, comprising the steps of:
- receiving from said consumer an order for printing a series of checks for a checking account, wherein the order includes an order for check fraud protection;
printing checks according to the order;
recording the range of numbers of the checks in such order;
receiving from the consumer a notification of an occurrence of check fraud against a check within the range of numbers of the checks in such order;
receiving from the consumer a power of attorney to pursue a claim for recovery for such check fraud; and
reimbursing to the consumer the amount of money paid from the consumer'"'"'s checking account and fees arising from the check fraud.
25 Assignments
0 Petitions
Accused Products
Abstract
A method for a consumer to protect against loss associated with specified forms of check fraud. Upon purchasing checks, a consumer can subscribe to a check fraud protection program, for an additional fee. The subscription will enable the consumer to obtain reimbursement from the check printer for the consumer'"'"'s losses due to specified causes. The consumer reciprocally assigns any right of recovery from the consumer'"'"'s bank or financial institution to the check printer, which can then seek reimbursement from the bank, or financial institution and institute proceedings against the fraud perpetrator. Protection may be obtained for forged signatures, forged endorsements and altered check. A symbol to indicate such protection is also disclosed.
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Citations
8 Claims
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1. A method for providing recovery for consumer victims of check fraud, comprising the steps of:
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receiving from said consumer an order for printing a series of checks for a checking account, wherein the order includes an order for check fraud protection;
printing checks according to the order;
recording the range of numbers of the checks in such order;
receiving from the consumer a notification of an occurrence of check fraud against a check within the range of numbers of the checks in such order;
receiving from the consumer a power of attorney to pursue a claim for recovery for such check fraud; and
reimbursing to the consumer the amount of money paid from the consumer'"'"'s checking account and fees arising from the check fraud. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
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Specification