SYSTEMS AND METHODS FOR PRIORITIZING RECONCILEMENT INFORMATION SEARCHES
First Claim
1. A process for selecting at least one source of positive pay information to query in association with a proposed check-cashing transaction, the process comprising:
- receiving a request from a check-cashing entity for positive pay authentication for a check presented to the check-cashing entity in association with a proposed check-cashing transaction;
identifying a plurality of available positive pay information sources;
determining which of the available positive pay information sources are more likely to store positive pay information about the check; and
selecting, based at least in part on the request received from the check-cashing entity and the determination, at least one of the available positive pay information sources to query earlier than the other of the available positive pay information sources.
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Accused Products
Abstract
Systems and methods are disclosed for assisting a check-cashing entity to efficiently and accurately locate relevant positive pay information or other reconcilement information regarding a check or other negotiable instrument that has been presented in association with a request to cash, deposit, use as payment or other otherwise accept the check or negotiable instrument. In various embodiments, when a plurality of potentially useful reconcilement information sources are selected for querying in association with a proposed check-cashing transaction from amongst a set of available reconcilement information sources, factors relating to the transaction, factors relating to characteristics of the information sources, and factors relating to preferences on the part of the check-cashing entity may be considered in order to select and prioritize the querying of information sources that are deemed likely to hold desired reconcilement information.
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Citations
20 Claims
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1. A process for selecting at least one source of positive pay information to query in association with a proposed check-cashing transaction, the process comprising:
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receiving a request from a check-cashing entity for positive pay authentication for a check presented to the check-cashing entity in association with a proposed check-cashing transaction; identifying a plurality of available positive pay information sources; determining which of the available positive pay information sources are more likely to store positive pay information about the check; and selecting, based at least in part on the request received from the check-cashing entity and the determination, at least one of the available positive pay information sources to query earlier than the other of the available positive pay information sources. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A check authentication system comprising:
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one or more computer processors configured to receive a request from a check-cashing entity for positive pay authentication for a check presented to the check-cashing entity in association with a proposed check-cashing transaction; one or more computer processors configured to identify a plurality of available positive pay information sources; one or more computer processors configured to determine which of the available positive pay information sources are more likely to store positive pay information about the check; and one or more computer processors configured to select, based at least in part on the request received from the check-cashing entity and the determination, at least one of the available positive pay information sources to query earlier than the other of the available positive pay information sources. - View Dependent Claims (11, 12, 13, 14, 15, 16, 17)
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18. A system for selecting at least one source of positive pay information to query in association with a proposed check-cashing transaction, the system comprising:
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means for receiving a request from a check-cashing entity for positive pay authentication for a check presented to the check-cashing entity in association with a proposed check-cashing transaction; means for identifying a plurality of available positive pay information sources; means for determining which of the available positive pay information sources are more likely to store positive pay information about the check; and means for selecting, based at least in part on the request received from the check-cashing entity and the determination, at least one of the available positive pay information sources to query earlier than the other of the available positive pay information sources. - View Dependent Claims (19, 20)
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Specification