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POINT OF SALE DEVICES FOR CONVERTING PROMISSORY TRANSACTIONS INTO DEBIT TRANSACTIONS

  • US 20070210151A1
  • Filed: 05/11/2007
  • Published: 09/13/2007
  • Est. Priority Date: 12/21/2004
  • Status: Active Grant
First Claim
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1. A method of using a point of sale device to convert a promissory transaction into a direct debit transaction, the method comprising:

  • transmitting with a point of sale device data associated with a promissory transaction to a check acceptance service; and

    displaying with the point of sale device an indication of a decision received from the check acceptance service to obtain an authorization from a check writer associated with the promissory transaction to convert the promissory transaction to a direct debit transaction, wherein the decision is based at least in part on whether a deposit demand account associated with the promissory transaction has at least an amount associated with the promissory transaction.

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