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Checkwriting point of sale system

DC
  • US 5,484,988 A
  • Filed: 06/09/1994
  • Issued: 01/16/1996
  • Est. Priority Date: 11/13/1992
  • Status: Expired due to Term
First Claim
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1. A checkwriting point of sale system comprising:

  • a point of sale terminal adapted to receive consumer bank account information from any bank check;

    a central computer system;

    first communications means integral to said point of sale terminal for electronically communicating with the central computer system;

    memory means integral to said point of sale terminal for temporarily storing the consumer bank account information;

    the central computer system having second communication means for receiving information from a plurality of said point of sale terminals;

    the central computer system second communication means enabling said central computer system to communicate with external databases for performing a consumer bank account status search and further enabling automated clearing house communication for transferring funds without using the bank check as a negotiable instrument.

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