NETWORK-IMPLEMENTED METHODS AND SYSTEMS FOR AUTHENTICATING A CHECK

• US 20170309108A1
• Filed: 07/07/2017
• Published: 10/26/2017
• Est. Priority Date: 05/18/2015
• Status: Abandoned Application

• Current Assignee: Alexey Plotkin, Alex Sadovsky
• Original Assignee: Alexey Plotkin, Alex Sadovsky
• Inventors: Sadovsky, Alex, Plotkin, Alexey
• Application Number:
  US15/644,454
• Publication Number:
  US 20170309108A1
• Time in Patent Office: Days
• CPC Class Codes: G06F 18/22 Matching criteria, e.g. proximity measures
• CPC Class Codes: G06K 17/0016 Selecting or retrieving of images by means of their associated code-marks, e.g. coded microfilm or microfiche microfilm reading G03B21/11; computers therefor G06F16/00; teaching devices G09B5/02; accessing record carriers G11B27/002; static digital stores using optical elements G11C13/04; intermediate storage of facsimile picture signals H04N1/21
• CPC Class Codes: G06V 20/95 Pattern authentication; Markers therefor; Forgery detection
• CPC Class Codes: G06V 30/2253 Recognition of characters printed with magnetic ink G06V30/2247 takes precedence
• CPC Class Codes: G06V 30/40 Document-oriented image-based pattern recognition
• CPC Class Codes: G07D 7/12 Visible light, infrared or ultraviolet radiation
• CPC Class Codes: G07D 7/2008 using pre-processing, e.g. de-blurring, averaging, normalisation or rotation
• CPC Class Codes: G07D 7/2016 using feature extraction, e.g. segmentation, edge detection or Hough-transformation
• CPC Class Codes: G07D 7/202 using pattern matching
• CPC Class Codes: G07D 7/206 Matching template patterns

Abstract

The disclosure relates generally to checks and other negotiable financial instruments and particularly to mitigating exposure to financial fraud. Specifically, the disclosure relates to systems and methods of authenticating checks issued by a first entity for the benefit of a third party.

Claims

1. A system for authentication and verification of a financial check instrument comprising:

a. a first data access module comprising at least one imaging subsystem;

b. a second data access module comprising at least one imaging subsystem, wherein the second data access module is temporospatially separate from the first data access module;

c. a backend management server comprising;

an image processing module, a data processing module, a memory; and

a processor in electronic communication with the memory, the first data access module, the second data access module, the data processing module and the image processing module, wherein the processor is configured to;

i. receive a first image corresponding to a first financial check instrument from the first data module;

ii. receive a second image corresponding to the second data access module;

iii. partition the first image into a plurality of fields;

iv. partition the second image into the same plurality of fields;

v. compare the plurality of fields of the second image to the plurality of fields of the first image;

vi. determine the degree of similarity between the first image and the second image; and

vii. if the degree of similarity is above a predetermined threshold value, provide an authentication indicia to the second data access module, else provide an indicia of a lack of authenticity.

2. The system of claim 1, wherein the system further comprises a communication network in electronic communication with the first data access module, the second data access module, and the backend management server.

3. The system of claim 2, wherein the image processing module comprises:

an optical character recognition (OCR) subsystem, an intelligent character recognition (ICR) subsystem, an image mapping comparison subsystem, a magnetic ink character recognition (MICR) subsystem, or a combination of imaging subsystems comprising two or more of the foregoing.

4. The system of any claim 1, wherein the check is a money order, a draft, a certified check, a cashier check, a governmental refund check, a government payroll check, a social security check, a welfare check, a pension check, a retail individual check, or a business check.

5. The system of claim 2, wherein the communication network is a wide area network, a cellular network, a local area network, a wireless network, or a combination comprising one or more of the foregoing.

6. The system of claim 1, wherein the first data access module and/or the second data access module, is an issuer bank, an issuing small to medium business, an automatic teller machine, a governmental entity, or a large business enterprise.

7. The system of claim 4, wherein the plurality of fields partitioned by the processor in the first and second images is a magnetic ink character recognition (MICR) line, Overall image as a whole, Date, Serial number, All signatures, Payee Name, Amount CAR/LAR, Issuing bank and branch details, Protectograph and magnetic ink values, Hand written or printed item value.

8. The system of claim 1, wherein the authentication indicia is in the form of a message.

9. A method of authenticating a paper financial instrument, comprising:

a. receiving, by a backend management server, a first image corresponding to a first check from a first data access module, wherein the first data access module is in electronic communication with the backend management server;

b. receiving by the backend management server a second image corresponding to a second paper financial instrument from a second data access module, wherein the second data access module is temposrospatially separated from the first data access module and is in electronic communication with the backend management server;

c. using the backend management server, partitioning the first image into a plurality of fields;

d. using the backend management server, partitioning the second image into the same plurality of fields;

e. using the backend management server, comparing the plurality of fields of the second image to the plurality of fields of the first check image in order to determine a level of similarity between the second image and the first image;

f. using the backend management server, determining the degree of similarity between the second image and the first image; and

g. if the degree of similarity is above a predetermined threshold, providing an authentication indicia to a user associated with the second data access module, else providing the user associated with the second data access module with an indicia of a lack of authenticity.

10. The method of claim 9, wherein partitioning the first and/or the second images of the paper financial instrument comprises using an image processing module residing on the backend management server, the module comprising an optical character recognition (OCR) subsystem, an intelligent character recognition (ICR) subsystem, an image mapping comparison subsystem, a magnetic ink character recognition (MICR) subsystem, or a combination of imaging subsystems comprising two or more of the foregoing.

11. The method of claim 10, wherein the check is a money order, a draft, a certified check, a cashier check, a governmental refund check, a government payroll check, a social security check, a welfare check, a pension check, a retail individual check, or a business check.

12. The method of claim 11, wherein the predetermined threshold of the degree of similarity between the second image and the first image in the step of providing the authentication indicia is equal to or greater than 98% similarity, or is performed by professional data entry personnel.

13. The method of claim 12, wherein the plurality of fields partitioned by the image processing module residing on the backend management server, in the first and/or second images in the steps of partitioning, is a magnetic ink character recognition (MICR) line, Overall image as a whole, Date, Serial number, All signatures, Payee Name, courtesy amount recognition (CAR), legal amount recognition (LAR), Issuing bank and branch details, Protectograph and magnetic ink values, Hand written value, or printed item value.

14. The method of claim 13, wherein the first data access module and/or the second data access module, is an issuer bank, an issuing small to medium business, an automatic teller machine, a governmental entity, or a large business enterprise.

15. The method of claim 14, wherein the steps of receiving the first image corresponding to the first check from the first data module by the backend management server, receiving the second image corresponding to the second check from the second data access module, and providing the authentication indicia to the user associated with second data access module comprise using a wide area network, a cellular network, a local area network, a wireless network, or a combination comprising one or more of the foregoing.

16. The method of claim 9, wherein the authentication indicia is in the form of a message.

17. A non-transitory computer-readable medium comprising computer-readable instructions for authenticating a check, said computer-readable instructions resident on a backend management server, configured for causing a processor to:

a. receive a first image corresponding to a first check from a first data module, wherein the first data access module is in electronic communication with the backend management server;

b. receive a second image corresponding to a second check from a second data access module, wherein the second data access module is temposrospatially separated from the first data access module and is in electronic communication with the backend management server;

c. partition the first image into a plurality of fields;

d. partition the second image into the same plurality of fields;

e. compare the plurality of fields of the second check image to the plurality of fields of the first check image in order to determine a level of similarity between the second image and the first image;

f. determine the degree of similarity between the first check image and the second check image; and

g. if the degree of similarity between the two check images is above a predetermined threshold value, provide an authentication indicia to a user associated with the second data access module, else provide the user with an indicia of a lack of authenticity.

18. The non-transitory computer-readable medium of claim 17, wherein the computer-readable instructions are further executed by the processor to partition the first and/or the second images of the paper financial instrument comprises using an image processing module residing on the backend management server, the module comprising an optical character recognition (OCR) subsystem, an intelligent character recognition (ICR) subsystem, an image mapping comparison subsystem, a magnetic ink character recognition (MICR) subsystem, or a combination of imaging subsystems comprising two or more of the foregoing.

19. The non-transitory computer-readable medium of claim 18, wherein the plurality of fields partitioned in the first and second check images, is a magnetic ink character recognition (MICR) line, Overall image as a whole, Date, Serial number, All signatures, Payee Name, courtesy amount recognition (CAR), legal amount recognition (LAR), Issuing bank and branch details, Protectograph and magnetic ink values, Hand written value, or printed item value.

20. The non-transitory computer-readable medium of claim 19, wherein the first data access module and/or the second data access module, is associated with an issuer bank, an issuing small to medium business, an automatic teller machine, or a large business enterprise.

21. The non-transitory computer-readable medium of claim 17, wherein the computer-readable instructions are further configured to provide the authentication indicia if the determined similarity between the second image and the second image is equal to or greater than 98% similarity, or is performed by professional data entry personnel.

22. The non-transitory computer-readable medium of claim 17, wherein the computer-readable instructions are further configured to provide a user associated with the first data access module with an indicia validating the first check image.

23. The non-transitory computer-readable medium of claim 17, wherein the computer-readable instructions are further configured to provide a user associated with the first data access module, and/or the second data access module with the indicia in the form of a message.