Systems and methods for obtaining payor information at a point of sale
First Claim
1. A point-of-sale device comprising:
- a display;
a keypad;
a communications interface; and
a computer processor in communication with the display, the keypad, and the communications interface, the computer processor configured to request location information about an employer who has issued a payroll check presented in association with a check-cashing transaction, the computer processor further configured to obtain from the keypad the employer location information and to transmit the employer location information to a remote location via the communications interface;
the computer processor further configured to receive via the communications interface from a check authorization system an indication of a level of risk associated with cashing the check, the computer processor further configured to display on the display a message based at least in part on the indication.
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0 Petitions
Accused Products
Abstract
Systems and methods are described for using a point-of-sale device to obtain information about a payor of a second-party check or other negotiable instrument presented for a proposed check-cashing transaction. In various embodiments, a keyboard, touchscreen, voice input system or other input system is used to enter information about a payor of a second-party check, which may comprise, for example, payor name, payor bank account identifier, payor location information, and the like. The payor information may be used to determine the proximity of the payor to the location of the proposed check-cashing transaction. In various embodiments, the point-of-sale device transmits the payor information to a check authorization system for a risk assessment of the transaction. In some embodiments, the point-of-sale device may prompt an operator or a check presenter to enter payor information in response to a request from the check authorization system. In various embodiments, the point-of-sale device may receive an accept/decline recommendation for the transaction from the check authorization system, based at least in part on the obtained payor information.
189 Citations
24 Claims
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1. A point-of-sale device comprising:
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a display;
a keypad;
a communications interface; and
a computer processor in communication with the display, the keypad, and the communications interface, the computer processor configured to request location information about an employer who has issued a payroll check presented in association with a check-cashing transaction, the computer processor further configured to obtain from the keypad the employer location information and to transmit the employer location information to a remote location via the communications interface;
the computer processor further configured to receive via the communications interface from a check authorization system an indication of a level of risk associated with cashing the check, the computer processor further configured to display on the display a message based at least in part on the indication. - View Dependent Claims (2, 3)
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4. A point-of-sale device comprising:
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a communications interface;
an input system; and
a computer processor in communication with the communications interface and the input system, the computer processor configured to obtain from the input system location-related data about a check issuer associated with a check presented for processing, and to transmit to a remote location via the communications interface information about the location-related data;
the computer processor further configured to receive via the communications interface from a check authorization system an indication of a level of risk associated with processing the check. - View Dependent Claims (5, 6, 7, 8, 9)
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10. A method of processing a check transaction, the method comprising:
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obtaining at a point-of-sale device location-related data about a check issuer associated with a proposed check transaction;
transferring information about the check issuer to a remote location;
receiving at the point-of-sale device a recommendation about accepting the check transaction based at least in part on a risk assessment which is based at least in part on the information about the check issuer; and
displaying to an operator of the point-of-sale device an indication of the recommendation. - View Dependent Claims (11, 12, 13, 14)
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15. A point-of-sale device comprising:
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a communications interface;
an input system; and
a computer processor in communication with the communications interface and the input system, the computer processor configured to obtain from the input system data about a location associated with an issuer of a negotiable instrument presented in association with a financial transaction, wherein the computer processor is configured to transmit via the communications interface information about the issuer location;
the computer processor further configured to receive via the communications interface from a check authorization system an indication of a level of risk associated with the financial transaction. - View Dependent Claims (16, 17, 18, 19, 20)
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21. A method of processing a financial transaction, the method comprising:
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obtaining at a point-of-sale device location-related data about an issuer of a negotiable instrument associated with a proposed financial transaction;
transferring information about the issuer to a remote location; and
receiving at the point-of-sale device a recommendation about accepting the financial transaction based at least in part on a risk assessment which is based at least in part on the information about the issuer. - View Dependent Claims (22)
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23. A system for processing a financial transaction, the system comprising:
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means for obtaining at a point-of-sale device location-related data about an issuer of a negotiable instrument associated with a proposed financial transaction;
means for transferring information about the issuer to a remote location; and
means for receiving at the point-of-sale device a recommendation about accepting the financial transaction based at least in part on a risk assessment which is based at least in part on the information about the issuer. - View Dependent Claims (24)
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Specification