Point-of-sale device particularly adapted for processing checks
First Claim
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1. A point-of-sale negotiable instrument processing device comprising:
- (1) a housing having a first compartment, a second compartment and a spacer means which positions the first compartment next to the second compartment so as to define a slot between said first and second compartments;
(2) MICR read head means for reading MICR information on a negotiable instrument;
(3) printer means for printing on a negotiable instrument;
(4) switching means to initiate preprogrammed CPU functions upon the negotiable instrument;
(5) motive means for moving the negotiable instrument;
(a) into position in the slot so as to be read by the MICR read head means, (b) into position to be printed upon and (c) into and out of the slot;
(6) positioning means for positioning the negotiable instrument in the slot so that MICR information on the negotiable instrument can be read by the MICR read head means and for positioning the negotiable instrument in the slot so that the rear side of the negotiable instrument can be printed upon;
(7) alpha/numerical keypad means for transmitting information to a CPU;
8) a CPU for receiving information from the alpha/numerical keypad means and the MICR read head means in order to communicate said information to a telecommunications system in order to transfer funds represented by the negotiable instrument from an account of the maker of the negotiable instrument to an account of the payee of the negotiable instrument; and
(9) means for electronically connecting the point-of-sale negotiable instrument processing device to a telecommunications system.
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Abstract
A check processing device is particularly adapted for retailer/customer use at the point-of-sale through use of a MICR read head means, printer means and keypad means which feed information into a CPU which communicates, through an existing telecommunication system, with the customer'"'"'s bank and the retailer'"'"'s bank in order to transfer funds from the account of the customer to the account of the retailer.
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Citations
18 Claims
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1. A point-of-sale negotiable instrument processing device comprising:
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(1) a housing having a first compartment, a second compartment and a spacer means which positions the first compartment next to the second compartment so as to define a slot between said first and second compartments; (2) MICR read head means for reading MICR information on a negotiable instrument; (3) printer means for printing on a negotiable instrument; (4) switching means to initiate preprogrammed CPU functions upon the negotiable instrument; (5) motive means for moving the negotiable instrument;
(a) into position in the slot so as to be read by the MICR read head means, (b) into position to be printed upon and (c) into and out of the slot;(6) positioning means for positioning the negotiable instrument in the slot so that MICR information on the negotiable instrument can be read by the MICR read head means and for positioning the negotiable instrument in the slot so that the rear side of the negotiable instrument can be printed upon; (7) alpha/numerical keypad means for transmitting information to a CPU; 8) a CPU for receiving information from the alpha/numerical keypad means and the MICR read head means in order to communicate said information to a telecommunications system in order to transfer funds represented by the negotiable instrument from an account of the maker of the negotiable instrument to an account of the payee of the negotiable instrument; and (9) means for electronically connecting the point-of-sale negotiable instrument processing device to a telecommunications system.
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2. A point-of-sale negotiable instrument processing device comprising:
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(1) a housing having a first compartment, a second compartment and a spacer means which positions the first compartment above the second compartment in a stacked configuration so as to define a slot between said first and second compartments; (2) MICR read head means, located in said second compartment, for reading MICR information on a face side of a negotiable instrument; (3) printer means, located in said first compartment, for printing on a rear side of the negotiable instrument; (4) switching means to initiate preprogrammed CPU functions upon the negotiable instrument; (5) motor means for moving the negotiable instrument (a) into position in the slot so that MICR information on the negotiable instrument can be read by the MICR read head means, (b) moving the negotiable instrument into position in the slot so that the rear side of the negotiable instrument can be printed upon and (c) moving the negotiable instrument out of the slot; (6) means for positioning the negotiable instrument so that MICR information on said negotiable instrument can be read by the MICR read head means; (7) means for positioning the negotiable instrument so that the printer means can print on said negotiable instrument; (8) a retailer'"'"'s alpha/numerical keypad for transmitting information to a CPU; (9) a customer'"'"'s alpha/numerical keypad for transmitting information to a CPU; (10) a CPU for receiving information from the retailer'"'"'s alpha/numerical keypad, the customer'"'"'s alpha/numerical keypad and the MICR read head means in order to communicate said information to a telecommunications system in order to transfer funds represented by the negotiable instrument from an account of the maker of the negotiable instrument to an account of the payee of the negotiable instrument; and (11) means for electronically connecting the point-of-sale negotiable instrument processing device to a telecommunications system. - View Dependent Claims (3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18)
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Specification