Consumer-initiated, automatic classified expenditure bank check system

• US 5,433,483 A
• Filed: 11/01/1993
• Issued: 07/18/1995
• Est. Priority Date: 11/01/1993
• Status: Expired due to Fees

• Current Assignee: Chen-Yu Enterprises LLC
• Original Assignee: Yu, Mason K.
• Inventors: Yu, Mason K.
• Primary Examiner(s): FRIDIE JR, WILLMON
• Application Number:
  US08/146,450
• Time in Patent Office: 624 Days
• Field of Search: 283/57, 283/58, 283/59, 283/60.1, 283/60.2, 283/50, 283/63.1
• US Class Current: 283/58
• CPC Class Codes: B42D 25/29 Securities; Bank notes

Abstract

This is a uniquely designed bank check which integrates the classification grid of expenditures for any household or business; whereupon the payer of the check initially marks only one applicable space from said grid; whereupon the payer'"'"'s processor utilizes the image-captured, relevant information from the check; whereupon the payer'"'"'s processor forwards said information, automatically produces a finalized financial report, and sends it to the payer of the check at the end of any monthly/annual check processing cycle.

Claims

1. A bank check comprising a paper slip having a front face imprinted with the name of an account holder and financial institution,

a machine readable financial institution transit/routing number, account number identification, and check reference number,

and blank lines for a date, payee designation, check amount, and check drawer signature, respectively;

an array of demarcated blank spaces imprinted on a region of said check;

a labeling imprint adjacent to each blank space;

each labeling imprint designating an expenditure category distinct from those designated by the other labeling imprints adjacent to the other blank spaces;

whereby the check drawer can mark the blank space adjacent to the appropriate labeling imprint corresponding to the expenditure category transacted by the drawing of the check at the time said check is drawn;

said blank space marking comprising information which can be collected and processed by said financial institution.

2. The check according to claim 1 wherein said labeling imprints comprised of descriptive text imprints.

3. The check according to claim 1 wherein said labeling imprints comprised of descriptive pictographic imprints.

4. The check according to claim 1 wherein one of said labeling imprints includes a Miscellaneous designation.

5. The check according to claim 1 wherein said array of demarcated blank spaces is located on the front side, lower left region;

wherein said array is above and parallel to the MICR encoding;

wherein said array is to the left of the blank line for the check drawer signature.

6. The check according to claim 1 wherein said array of demarcated blank spaces can be also located on the back side, lower left region.

7. The check according to claim 1 wherein said labeling imprints each describe a category of household expenditures.

8. The check according to claim 1 wherein said labeling imprints each describe a category of business expenditures.