SYSTEMS AND METHODS FOR PROCESSING A PAYMENT TRANSACTION
First Claim
1. A method for processing a payment transaction using a check and an input device at a point of sale (POS), said method comprising:
- electronically capturing at the input device information from the check used in the payment transaction;
electronically converting the check transaction to a debit transaction including assigning a predetermined debit card number to the check transaction based in part on a bank identification number (BIN) of an issuing bank associated with the check, wherein the electronic conversion is performed by the input device;
transmitting data associated with the debit transaction to a transaction processor; and
processing the debit transaction data to generate one of an authorization for the debit transaction and a denial for the debit transaction.
1 Assignment
0 Petitions
Accused Products
Abstract
Systems and methods for real-time check authorization and clearing are provided. In one aspect, a method is provided for processing a payment transaction using a check and an input device at a point of sale (POS). The method includes electronically capturing at the input device information from the check used in the payment transaction. The method also includes converting the check transaction to a debit transaction, transmitting data associated with the debit transaction to a transaction processor, and processing the debit transaction data to generate one of an authorization for the debit transaction and a denial for the debit transaction.
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Citations
25 Claims
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1. A method for processing a payment transaction using a check and an input device at a point of sale (POS), said method comprising:
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electronically capturing at the input device information from the check used in the payment transaction; electronically converting the check transaction to a debit transaction including assigning a predetermined debit card number to the check transaction based in part on a bank identification number (BIN) of an issuing bank associated with the check, wherein the electronic conversion is performed by the input device; transmitting data associated with the debit transaction to a transaction processor; and processing the debit transaction data to generate one of an authorization for the debit transaction and a denial for the debit transaction. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A method for authorizing a payment transaction in real-time using a check and an input device at a merchant point of sale (POS), said method comprising:
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scanning the check at the input device; capturing customer account information from the scanned check at the input device; electronically converting the check transaction to a debit card transaction, wherein a predetermined debit card number is assigned to the check transaction by the input device based in part on a bank identification number (BIN) of an issuing bank associated with the check; transmitting a debit authorization request for the converted debit card transaction to the issuing bank, wherein the debit authorization request includes the assigned debit card number; and authorizing the payment transaction. - View Dependent Claims (9, 10, 11, 12, 13)
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14. A system for processing a payment transaction using a check, said system comprising:
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at least one input device located at a point of sale (POS); a database for storing information; and a server system configured to be coupled to said at least one input device and said database, said at least one input device configured to; scan the check used in the payment transaction; capture information related to the check transaction and a customer checking account related to the check; assign a predetermined debit card number to the check transaction, the debit card number based in part on a bank identification number (BIN) of an issuing bank associated with the check; convert the check transaction into a debit transaction by creating a debit card authorization request that includes the information captured from the scanned check and the assigned debit card number; and receive one of a payment transaction authorization and a payment transaction denial from said server system. - View Dependent Claims (15, 16, 17)
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18. A point of sale (POS) input device for use with a system for real-time authorization of a check used in a payment transaction, said input device configured to:
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electronically capture information from the check used in the payment transaction; convert the check transaction to a debit transaction by assigning a predetermined debit card number to the check transaction based in part on a bank identification number (BIN) of an issuing bank associated with the check; and generate a debit card authorization request. - View Dependent Claims (19, 20, 21)
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22. A computer program embodied on a computer readable medium for processing a payment transaction using a check and an input device at a point of sale (POS), said program comprising at least one code segment that:
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electronically captures at the input device information from the check used in the payment transaction; assigns a predetermined debit card number to the check transaction, the debit card number based in part on a bank identification number (BIN) of an issuing bank associated with the check; converts the check transaction to a debit transaction by creating a debit card authorization request that includes the information captured from the check and the assigned debit card number; transmits data associated with the debit transaction to a transaction processor; and processes the debit transaction data to generate one of an authorization for the debit transaction and a denial for the debit transaction. - View Dependent Claims (23, 24, 25)
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Specification