Financial data processing system

• US 5,121,945 A
• Filed: 08/13/1990
• Issued: 06/16/1992
• Est. Priority Date: 04/20/1988
• Status: Expired due to Term

• Current Assignee: Payment Systems Technology Incorporated
• Original Assignee: Remittance Technology Corporation
• Inventors: Thomson, Eric A., Josephson, Stanley M.
• Primary Examiner(s): Bell, Paul A.
• Application Number:
  US07/567,249
• Time in Patent Office: 673 Days
• Field of Search: 101/93.31, 283/58, 283/67, 283/56, 283/70, 283/62, 462/65
• US Class Current: 283/58
• CPC Class Codes: B42D 15/0053 Forms specially designed for commercial use, e.g. bills, receipts, offer or order sheets, coupons
• CPC Class Codes: B42D 25/29 Securities; Bank notes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

There are disclosed herein methods and systems for affecting the accounting functions of debiting and crediting a bank'"'"'s account records, a payer'"'"'s bank account records and a corporation'"'"'s accounts receivable records with their customer'"'"'s payments, and are based upon the combination of data from two or more sources to prepare an integrated document comprising an invoice (bill) and a negotiable instrument, usually a bank check. These documents form an integrated document and contain all necessary pre-printed machine readable data and are combined to effect a variety of multi-function transactions. By combining all of the required data elements in a single document at the time of initial preparation of the integrated document, including an accounts receivable invoice and the payer'"'"'s check, the requirement for subsequent redundant, labor intensive processes are eliminated. The single integrated document becomes a multi-functional document which generates the transaction to effect the customer'"'"'s accounts receivable, the negotiable instrument to (i) credit the corporation'"'"'s institutions account and (ii) debit the customer'"'"'s financial institution'"'"'s account while creating a complete audit trail and accountability at each separate processing level.

Claims

1. An integrated bill comprising an invoice or billing document, and a check document,

the invoice document comprising a printed invoice indicating a matter billed, and including in human readable form a billing entity'"'"'s name, a customer'"'"'s name and address, the customer'"'"'s account number at the billing entity, the invoice date, and the total dollar amount due, and

the check document being in the form of a bank check having a first side and a second side with the first side having printed thereon in human readable form

the customer'"'"'s name and address as the payer,

the bank name and address of the payer'"'"'s bank

the account number of the customer/payer at the billing entity,

the matter billed as indicated on the invoice document,

the first side having printed thereon in machine readable form

the payer'"'"'s bank transit/routing number,

the payer'"'"'s bank account number, and

the payer'"'"'s account number at the billing entity,

the first side of the check document further having date and signature portions left blank to be added by the payer at the time the check document is signed by the payer.

2. A document as in claim 1 further including as an integral part thereof a third section comprising a maintenance and payment option selection alternative document for allowing the payer to select maintenance and payment options.

3. A document as in claim 2 wherein the third section has the payer'"'"'s billing entity account number imprinted thereon.

4. A document as in claim 3 wherein the payer'"'"'s billing entity account number on the third section is encoded in a machine readable font.

5. A document as in claim 4 wherein the machine readable font is bar code.

6. A document as in claim 4 wherein the machine readable font is OCR.

7. A document as in claim 2 wherein a payment option is payment by a credit card and the third section has imprinted thereon an area for indicating such option.

8. An integrated billing document comprising two portions, one portion being an invoice or billing document, and the other portion being a check document,

the invoice document comprising a printed invoice indicating a matter billed, and including in human readable form a billing entity'"'"'s name, a customer'"'"'s name and address, the customer'"'"'s account number at the billing entity, the invoice date, and the total dollar amount due, and

the check document being in the form of a bank check having a first side and a second side with the first side having printed thereon in human readable form

the customer'"'"'s name and address as the payer,

the billing entity'"'"'s name and address,

the bank name and address of the payer'"'"'s bank,

the account number of the customer/payer at the billing entity,

the dollar amount due as indicated on the invoice document, and

the matter billed as indicated on the invoice document,

the first side having printed thereon in machine readable form

the payer'"'"'s bank transit/routing number

the payer'"'"'s bank account number,

the dollar amount to be paid, and

the payer'"'"'s account number at the billing entity,

the first side of the check document further having date and signature portions left blank to be added by the payer at the time the check document is signed by the payer, and

the second side of the check document having printed thereon

the endorsement of the billing entity including the name of the billing entity,

the name of the billing entity'"'"'s depository bank,

the account number of the billing entity at the depository bank, and

the transit/routing number of the depository bank.

9. An integrated billing document comprising two portions, one portion being an invoice or billing document, and the other portion being a check document,

the invoice document comprising a printed invoice indicating a matter billed, and including in human readable form a billing entity'"'"'s name, a customer'"'"'s name and address, the customer'"'"'s account number at the billing entity, the invoice date, and the total dollar amount due, and

the check document being in the form of a bank check having a first side and a second side with the first side having printed thereon in human readable form

the customer'"'"'s name and address as the payer,

the billing entity'"'"'s name and address,

the bank name and address of the payer'"'"'s bank,

the account number of the customer/payer at the billing entity,

the dollar amount due as indicated on the invoice document, and

the matter billed as indicated on the invoice document,

the first side having printed thereon in machine readable form

the payer'"'"'s bank transit/routing number

the payer'"'"'s bank account number,

the dollar amount to be paid, and

the payer'"'"'s account number at the billing entity,

the first side of the check document further having date and signature portions left blank to be added by the payer at the time the check document is signed by the payer.

10. An integrated document as in claim 9 wherein the check document has a second side having printed thereon

the endorsement of the billing entity including the name of the billing entity,

the name of the billing entity'"'"'s depository bank,

the account number of the billing entity at the depository bank, and

the transit/routing number of the depository bank.

11. An integrated billing document as in claim 10 wherein the check portion is detachable from the invoice or billing document portion.

12. An integrated bill comprising an invoice or billing document and a check document,

the invoice document comprising a printed invoice indicating a matter billed, and including in human readable form a billing entity'"'"'s name, a customer'"'"'s name and address, the customer'"'"'s account number at the billing entity, the invoice date, and the total dollar amount due, and

the check document being in the form of a bank check having a first side and a second side with the first side having printed thereon in human readable form

the customer'"'"'s name and address as the payer,

the billing entity'"'"'s name and address,

the bank name and address of the payer'"'"'s bank,

the account number of the customer/payer at the billing entity,

the dollar amount due as indicated on the invoice document, and

the matter billed as indicated on the invoice document,

the first side having printed thereon in machine readable form

the payer'"'"'s bank transit/routing number

the payer'"'"'s bank account number,

the dollar amount to be paid, and

the payer'"'"'s account number at the billing entity,

the first side of the check document further having date and signature portions left blank to be added by the payer at the time the check document is signed by the payer, and

the second side of the check document having printed thereon

the endorsement of the billing entity including the name of the billing entity,

the name of the billing entity'"'"'s depository bank,

the account number of the billing entity at the depository bank, and

the transit/routing number of the depository bank.

13. An integrated bill document comprising an invoice or billing document, and a check document,

the invoice document comprising a printed invoice indicating a matter billed, and including in human readable form a billing entity'"'"'s name, a customer'"'"'s name and address, the customer'"'"'s account number at the billing entity, the invoice date, and the total dollar amount due, and

the check document being in the form of a bank check having a first side and a second side with the first side having printed thereon in human readable form

the customer'"'"'s name and address as the payer,

the billing entity'"'"'s name and address,

the bank name and address of the payer'"'"'s bank,

the account number of the customer/payer at the billing entity,

the dollar amount due as indicated on the invoice document, and

the matter billed as indicated on the invoice document,

the first side having printed thereon in machine readable form

the payer'"'"'s bank transit/routing number

the payer'"'"'s bank account number, and

the dollar amount to be paid,

the first side of the check document further having date and signature portions left blank to be added by the payer at the time the check document is signed by the payer, and

the second side of the check document having printed thereon

the endorsement of the billing entity including the name of the billing entity,

the name of the billing entity'"'"'s depository bank,

the account number of the billing entity at the depository bank, and

the transit/routing number of the depository bank.

14. An integrated bill comprising an invoice or billing document, and a check document which becomes a negotiable instrument after it is signed and dated by the payer and can enter a check clearing process without further data being added to the check and the check document enabling the payer'"'"'s account at a depository bank to be credited, enabling the payer'"'"'s account with the payer to be credited and enabling the payer'"'"'s account at a drawer bank to be debited,

the invoice document comprising a printed invoice indicating a matter billed, and including in human readable form a billing entity'"'"'s name, a customer'"'"'s name and address, the customer'"'"'s account number at the billing entity, the invoice date, and the total dollar amount due, and

the check document being in the form of a bank check having a first side and a second side with the first side having printed thereon in human readable form

the customer'"'"'s name and address as the payer,

the billing entity'"'"'s name and address,

the bank name and address of the payer'"'"'s bank,

the account number of the customer/payer at the billing entity,

the dollar amount due as indicated on the invoice document, and

the matter billed as indicated on the invoice document,

the first side having printed thereon in machine readable form

the payer'"'"'s bank transit/routing number

the payer'"'"'s bank account number,

the dollar amount to be paid,

the payer'"'"'s account number at the billing entity, and

the first side of the check document further having date and signature portions left blank to be added by the payer at the time the check document is signed by the payer.

15. An integrated bill as in claim 14 wherein the check document has a second side having printed thereon

the endorsement of the billing entity including the name of the billing entity,

the name of the billing entity'"'"'s depository bank,

the account number of the billing entity at the depository bank, and

the transit/routing number of the depository bank.

16. An integrated bill as in claim 14 wherein the bill is in the form of a document with a check portion detachable from the invoice or billing document portion.

17. An integrated bill comprising an invoice or billing document, and a check document,

the invoice document comprising a printed invoice indicating a matter billed, and including in human readable form a billing entity'"'"'s name, a customer'"'"'s name and address, the customer'"'"'s account number at the billing entity, the invoice date, and the total dollar amount due, and

the check document being in the form of a bank check having a first side and a second side with the first side having printed thereon in human readable form

the customer'"'"'s name and address as the payer,

the bank name and address of the payer'"'"'s bank

the account number of the customer/payer at the billing entity,

the matter billed as indicated on the invoice document,

the first side having printed thereon in machine readable form

the payer'"'"'s bank transit/routing number, and

the payer'"'"'s bank account number,

the first side of the check document further having date and signature portions left blank to be added by the payer at the time the check document is signed by the payer, and

the second side of the check document having printed thereon

the endorsement of the billing entity including the name of the billing entity,

the name of the billing entity'"'"'s depository bank,

the account number of the billing entity at the depository bank, and

the transit/routing number of the depository bank.