System and method for consumer opt-out of payment conversions
First Claim
1. Software for consumer opt-out of payment conversions comprising computer readable instructions operable to:
- identify check data of a physical check at a receiving entity;
compare the identified check data to an opt-out list to determine a match, the opt-out list comprising a plurality of consumer records and at least a subset of the consumer records provided by an opt-out list provider;
in response to the identified check data not being matched to the opt-out list, authorize the check for conversion to an electronic payment transaction; and
in response to the identified check data being a match to the opt-out list, indicate that the check should be processed by a financial institution without electronic payment conversion.
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Accused Products
Abstract
In one embodiment, for example, software for consumer opt-out of payment conversions comprises computer readable instructions operable to identify check data of a physical check at a receiving entity. The software is further operable to compare the identified check data to an opt-out list to determine a match, with the opt-out list comprising a plurality of consumer records and at least a subset of the consumer records provided by an opt-out list provider. The software then, in response to the identified check data not being matched to the opt-out list, authorizes the check for conversion to an electronic payment transaction or, in response to the identified check data being a match to the opt-out list, indicates that the check should be processed by a financial institution without electronic payment conversion.
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Citations
32 Claims
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1. Software for consumer opt-out of payment conversions comprising computer readable instructions operable to:
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identify check data of a physical check at a receiving entity;
compare the identified check data to an opt-out list to determine a match, the opt-out list comprising a plurality of consumer records and at least a subset of the consumer records provided by an opt-out list provider;
in response to the identified check data not being matched to the opt-out list, authorize the check for conversion to an electronic payment transaction; and
in response to the identified check data being a match to the opt-out list, indicate that the check should be processed by a financial institution without electronic payment conversion. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. A method for consumer opt-out of payment conversions comprising:
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identifying check data of a physical check at a receiving entity;
comparing the identified check data to an opt-out list to determine a match, the opt-out list comprising a plurality of consumer records and at least a subset of the consumer records provided by an opt-out list provider;
in response to the identified check data not being matched to the opt-out list, authorizing the check for conversion to an electronic payment transaction; and
in response to the identified check data being a match to the opt-out list, indicating that the check should be processed by a financial institution without electronic payment conversion. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18, 19)
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20. A system for consumer opt-out of payment conversions residing comprising:
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memory storing a local opt-out list; and
one or more processors operable to;
identify check data of a physical check;
compare the identified check data to the local opt-out list to determine a match, the opt-out list comprising a plurality of consumer records and at least a subset of the consumer records provided by an opt-out list provider;
in response to the identified check data not being matched to the opt-out list, authorize the check for conversion to an electronic payment transaction; and
in response to the identified check data being a match to the opt-out list, indicate that the check should be processed by a financial institution without electronic payment conversion. - View Dependent Claims (21, 22, 23, 24, 25, 26, 27)
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28. A method for updating a consumer opt-out list of payment conversions, comprising:
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receiving a request to update a consumer opt-out list from a particular remote consumer via a network, the consumer opt-out list comprising a plurality of consumer records;
presenting an opt-out GUI to the particular consumer;
receiving information to generate a new consumer record via the GUI, the information comprising at least a financial institution identifier and an account identifier; and
updating the consumer opt-out list with the new consumer record based on the received information. - View Dependent Claims (29, 30, 31, 32)
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Specification