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Electronic checkbook with automatic reconciliation

  • US 5,093,787 A
  • Filed: 08/06/1990
  • Issued: 03/03/1992
  • Est. Priority Date: 06/12/1986
  • Status: Expired due to Fees
First Claim
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1. A device for monitoring and processing checking account transactions, comprising:

  • first processing means for storing a first set of data corresponding to checking account information;

    second processing means for storing a second set of data corresponding to said checking account transaction information;

    first communication means for electronically communicating said first set of data, from said first processing means to said second processing means in substantially real time;

    comparison means operatively connected to receive said first set of data and said second set of data for electronically comparing said first set of data and said second set of data;

    electronic and automatic discrepancy identification means responsive to said comparison means for electronically and automatically identifying discrepancies between said first set of data and said second set of data;

    second communication means for communicating data, including said identified discrepancies, from said discrepancy identification means to said first processing means;

    electronic and automatic display means associated with said first processing means for electronically and automatically displaying said identified discrepancies; and

    electronic and automatic editing means associated with said first processing means for electronically and automatically revising said first set of data to conform to said second set of data,electronic validation means operatively connected to comparison means and first and second communication means for giving the user an authorized validation message when the account is reconciled.

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