Systems and methods for obtaining authentication marks at a point of sale
First Claim
1. A computerized method for determining whether to authorize the cashing of a payroll check presented to a check-cashing entity, the method comprising:
- obtaining with a point-of-sale device installed at a check-cashing entity input about at least one watermark on a payroll check presented for a proposed check-cashing transaction;
comparing the input about the watermark with stored data about watermarks;
determining a risk score based at least in part on the comparison; and
determining based at least in part on the risk score whether to authorize the cashing of the payroll check.
3 Assignments
0 Petitions
Accused Products
Abstract
Systems and methods are described for using a point-of-sale device at a check-cashing entity to obtain information about one or more authenticating marks, such as watermarks, bar codes, background patterns, color schemes, insignia, security validation numbers, or the like, from a second-party check or other negotiable instrument presented for a proposed check-cashing transaction. In various embodiments, the authenticating mark information may be compared to stored information about expected configurations of authenticating marks as part of a risk assessment of the check. In various embodiments, the point-of-sale device transmits authenticating mark information to a check authorization system. 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 authenticating mark information. The point-of-sale device may display a message about the recommendation to an operator of the device.
-
Citations
45 Claims
-
1. A computerized method for determining whether to authorize the cashing of a payroll check presented to a check-cashing entity, the method comprising:
-
obtaining with a point-of-sale device installed at a check-cashing entity input about at least one watermark on a payroll check presented for a proposed check-cashing transaction;
comparing the input about the watermark with stored data about watermarks;
determining a risk score based at least in part on the comparison; and
determining based at least in part on the risk score whether to authorize the cashing of the payroll check. - View Dependent Claims (2, 3, 4)
-
-
5. A computerized apparatus that indicates to an entity whether to accept a check, the apparatus comprising:
a computer processor configured to receive information about at least one authenticating mark on a check presented to an entity, the computer processor further configured to determine a risk score associated with accepting the check, wherein the risk score is based at least in part on the information about the authenticating mark, the computer processor further configured to indicate to the entity whether to accept the check based at least in part on the risk score. - View Dependent Claims (6, 7, 8, 9, 10, 11, 12, 13, 14)
-
15. A computerized method that indicates to an entity whether to accept a check, the method comprising:
-
receiving from an entity information about at least one authenticating mark on a check associated with a proposed check transaction;
determining a risk score associated with the proposed check transaction based at least in part on the information about the authenticating mark; and
indicating to the entity whether to accept the check based at least in part on the risk score. - View Dependent Claims (16, 17, 18, 19, 20, 21, 22, 23)
-
-
24. An apparatus that scores risk associated with a proposed financial transaction, the apparatus comprising:
a computer processor configured to receive information about at least one authenticating mark on a negotiable instrument associated with a proposed financial transaction, the computer processor further configured to determine a risk score associated with the proposed financial transaction based at least in part on the information about the authenticating mark. - View Dependent Claims (25)
-
26. A method that scores risk associated with a proposed financial transaction, the method comprising:
-
receiving information about at least one authenticating mark on a negotiable instrument presented in association with a proposed financial transaction; and
determining a risk score associated with the proposed financial transaction based at least in part on the information about the authenticating mark. - View Dependent Claims (27, 28, 29, 30, 31, 32, 33, 34, 35, 36)
-
-
37. A computerized system that determines whether to authorize a proposed check transaction, the system comprising:
-
a point-of-sale device installed at a check-cashing entity, wherein the point-of-sale device is configured to obtain data about one or more authenticating marks on a check associated with a proposed check transaction;
a database of information about authenticating marks;
a computer processor configured to receive the data from the point-of-sale device and to compare the data with information stored in the database; and
a check authorization system configured to determine a risk score based at least in part on the comparison, the check authorization system further configured to determine based at least in part on the risk score whether to authorize the check transaction. - View Dependent Claims (38, 39, 40, 41, 42, 43, 44)
-
-
45. A system for indicating to a check-cashing entity whether to accept a check for cashing, the system comprising:
-
means for receiving from a check-cashing entity information about at least one authenticating mark on a check associated with a proposed check-cashing transaction;
means for determining a risk score associated with the proposed check-cashing transaction based at least in part on the information about the authenticating mark; and
means for indicating to the check-cashing entity whether to accept the check for cashing based at least in part on the risk score.
-
Specification