CASHIERS CHECK VERIFICATION SYSTEM
First Claim
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1. An internet based system for verifying the authenticity and status of a cashier'"'"'s check comprising:
- a) a means for placing machine-only readable code on a cashier'"'"'s check being issued by an issuing banking institution comprising a first set of data regarding the payor, the payee, the amount of the check and a check identifier code;
b) a means to send machine-only readable code to an internet based web site; and
c) an internet based web site comprising;
a means for receiving the machine-only readable code comprising the first set of data, storing the first set of data and storing an active check status to the first set of data;
a means for receiving machine-only readable code on a selected cashier'"'"'s check comprising comparing a second set of data with the stored first set of data to verify the first set of data is identical to the second set of data;
a means for reporting the results of comparing data and the check status; and
a means for changing the check status to inactive when the cashier'"'"'s check comprising the first set of data has been cashed.
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Abstract
The present invention discloses a method and system for the verification of a cashier'"'"'s check. The method and system involves a verification machine-readable code that can be verified online for authenticity and status. It can further be used to authorize payment.
23 Citations
13 Claims
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1. An internet based system for verifying the authenticity and status of a cashier'"'"'s check comprising:
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a) a means for placing machine-only readable code on a cashier'"'"'s check being issued by an issuing banking institution comprising a first set of data regarding the payor, the payee, the amount of the check and a check identifier code; b) a means to send machine-only readable code to an internet based web site; and c) an internet based web site comprising;
a means for receiving the machine-only readable code comprising the first set of data, storing the first set of data and storing an active check status to the first set of data;
a means for receiving machine-only readable code on a selected cashier'"'"'s check comprising comparing a second set of data with the stored first set of data to verify the first set of data is identical to the second set of data;
a means for reporting the results of comparing data and the check status; and
a means for changing the check status to inactive when the cashier'"'"'s check comprising the first set of data has been cashed. - View Dependent Claims (2, 3)
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4. A method for preventing check fraud with an issued cashier'"'"'s check comprising:
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a) imprinting on the issued cashier'"'"'s check machine-only readable code for a first set of data comprising the payor, the payee, the amount of the check and a check identification number; b) sending the machine-only readable code to an internet based web site wherein the web site stores the first set of data and records the issued cashier'"'"'s check as having an active status; and c) providing;
a means for the internet based web site to receive machine-only readable code on a cashier'"'"'s check having a second set of data and comparing the second set of data with the stored first set of data to verify the first set of data is identical to the second set of data;
a means for reporting the results of comparing data and the check status; and
a means for changing the check status to inactive when the cashier'"'"'s check comprising the first set of data has been cashed. - View Dependent Claims (5, 6, 7)
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8. A web site for verifying the validity of a cashier'"'"'s check comprising:
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a) a means for accepting and storing a first set of data from a cashier'"'"'s check issued from a banking institution and a means for assigning an active status to the cashier'"'"'s check; b) a means for responding to inquiries from an entity about the authenticity of a selected cashier'"'"'s check by comparing the first set of data with the data from the selected cashier'"'"'s check and reporting the result of the comparison to the inquiring entity; and c) a means to change the status of an active check to inactive when the cashier'"'"'s check is cashed. - View Dependent Claims (9, 10, 11, 12, 13)
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Specification