Check authorization system

• US 4,672,377 A
• Filed: 09/09/1985
• Issued: 06/09/1987
• Est. Priority Date: 09/09/1985
• Status: Expired due to Term

• Current Assignee: Arthur J. Murphy, Gerald Singer, Joseph F. Stratton
• Original Assignee: Arthur J. Murphy, Gerald Singer, Joseph F. Stratton
• Inventors: Murphy, Arthur J., Stratton, Joseph F.
• Primary Examiner(s): Yusko, Donald J.
• Application Number:
  US06/774,216
• Time in Patent Office: 638 Days
• Field of Search: 340/825.33, 340/825.34, 235/375, 235/379, 235/380, 235/449, 235/470, 235/462, 364/401, 364/405, 364/406
• US Class Current: 340/5.41
• CPC Class Codes: G06K 17/00 Methods or arrangements for effecting co-operative working between equipments covered by two or more of main groups G06K1/00 - G06K15/00, e.g. automatic card files incorporating conveying and reading operations
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/042 characterized in that the payment protocol involves at least one cheque
• CPC Class Codes: G06Q 20/4037 Remote solvency checks
• CPC Class Codes: G07F 7/08 by coded identity card or credit card or other personal identification means without personal verification means G07F7/02
• CPC Class Codes: Y10S 379/91 Bar code or optical character reader with telephone

Abstract

A check authorization and verification system for use by stores handling personal checks. A data base containing credit reference on all customers made accessible to the store and is accessed whenever the customer presents a card having a unique identifying number and a special personalized identification number known only to the customer. This procedure uniquely identifies the data base information with the person carrying the card. The system then establishes a unique number, usually in the form of a UPC code, that is immediately assigned to the customer. This code is imprinted on the customer'"'"'s check, thereby uniquely identifying the check with the data base information of that customer. Scanning equipment at the checkout counter scans the check and the purchases, thereby obtaining immediate information concerning the credit status of the customer. The approved check is processed with MICR information thereby completely processing the check for use by the associated banking establishments.

Claims

1. A system for verifying and authorizing payment of a voucher comprising:

a card having a unique number for identifying and locating stored credit reference information,

a data entry device for entering a personal identification number that uniquely identifies a customer presenting said card,

a computer for correlating said unique number on said card with said personal identification number for accessing said stored credit reference information and approving payment of a voucher by assigning a unique bar code for said voucher presented by said customer,

a bar code printer controlled by said computer for printing said code in machine-readable form on said voucher presented by said customer, and

a checkout stand having a bar code reading scanner for reading said code on said voucher and feeding said information to said computer for verifying approval of payment of said voucher.

2. A system according to claim 1 which includes a MICR printer controlled by said computer for printing MICR coded information on said voucher.

3. A system according to claim 1 in which said bar code is a UPC code.

4. A system according to claim 1 in which said card is machine-readable.

5. A system according to claim 1 which includes a man-readable printer controlled by said computer for printing man-readable information on said voucher.

6. A system according to claim 1 in which said card consists of a bank debit card, and in which said computer communicates with a remote bank computer to determine the status of the bank account of said customer, and in which said voucher contains the bar code printed by said code printer, and a man-readable record printed by said man-readable printer thereby giving the customer a complete record of the transfer of funds from his bank account as evidenced by said voucher.

7. A system for verifying and authorizing payment of a draft having a fixed amount comprising:

a card having unique number for identifying and locating stored credit reference information,

a data entry device for entering a personal identification number that uniquely identifies a customer presenting said card,

a computer for correlating said unique number on said card with said personal identification number for accessing said stored credit reference information and approving payment of the draft by assigning a unique bar code for said draft presented by said customer,

a UPC printer controlled by said computer for printing said UPC code in machine-readable form on said draft presented by said customer,

a MICR printer controlled by said computer for printing MICR coded information on said draft, and

a checkout stand having a UPC code reading scanner for reading said UPC code on said draft and feeding said information to said computer for verifying approval of payment of said draft.

8. A system according to claim 7 which includes a man-readable printer controlled by said computer for printing man-readable information on said information.

9. A system according to claim 7 in which said MICR printer prints MICR coded information on said draft indicating the exact amount requested for said draft, and

which includes a man-readable printer for printing man-readable information indicating the exact amount presented on said check draft.

10. A system according to claim 7 in which said card consists of a bank credit card, and in which said computer communicates with a remote bank credit card computer to determine the status of the credit of said customer.

11. A system for processing a check comprising:

means for establishing and accessing a data base in a remote computer containing background and credit information for all potential customers,

means for uniquely identifying a customer with the information contained in the data base of said remote computer,

means for customer requesting and establishing a transaction limit,

means for assigning a unique machine-readable bar code to said customer and storing said code with said customer information,

means for determining a credit limit offered to said customer and storing said information,

means for printing said stored bar code on a customer prefered check in machine-readable form, and

means for machine-reading said bar code on said check for correlating said bar code with said stored bar code as contained in said remote computer for releasing said credit limit information, and

means for comparing said credit limit information with the amount of credit requested by said customer for verifying that the requested transaction is within said approved credit limit.

12. A system according to claim 11 which includes a man-readable printer controlled by said computer for printing man-readable information on said check.

13. A system for processing a check according to claim 11 which includes:

a check transport mechanism for receiving checks having imprinted bar code information,

a bar code scanner for reading imprinted bar code information on said check and adapted to feed bar code scanned information to a remote computer, and

a MICR printer adapted to be controlled by said remote computer for printing MICR coded information on said check.

14. A system for verifying and authorizing payment of a voucher comprising:

means for uniquely identifying a customer to a computer having stored credit reference information in memory,

means for accessing said computer and requesting a transaction amount limit,

means in said computer for correlating the requested transaction amount limit with the credit reference information on file and assigning a unique bar code for each request that is approved,

means controlled by said computer for printing said bar code on a voucher proffered by the customer if approved, and

means controlled by said computer for printing MICR coded information on the voucher corresponding to the requested transaction amount limit requested and approved.

15. A system for verifying and authorizing payment of a voucher according to claim 14 which includes:

a checkout stand having a bar code reader scanner for reading said code on said voucher and feeding said information to said computer,

means at said checkout stand for determining the exact transaction amount and feeding said amount to said computer, and

in which said computer controls the printing of MICR coded information corresponding to the exact transaction amount in said computer.

16. A method for verifying and authorizing payment of a voucher comprising the steps of:

uniquely identifying the customer to a computer having stored credit reference information in memory,

accessing the computer and requesting a transaction amount limit,

correlating the requested transaction amount limit with the credit reference information on file and assigning a unique bar code for each request that is approved,

printing the bar code on the voucher proffered by the customer if the request is approved, and

printing MICR coded information on the voucher corresponding to the requested transaction amount limit requested and approved.

17. A method for verifying and authorizing payment of a voucher according to claim 16 which includes the steps of:

detecting the bar code on the voucher proffered by a customer at a checkout stand and feeding this information to the computer,

determining the exact value for the voucher preffered by the customer at the checkout stand and feeding this information to the computer, and

printing MICR coded information on the voucher corresponding to the exact amount of the customer'"'"'s transaction directly from the computer.