Monetary instrument

• US 5,509,692 A
• Filed: 01/18/1994
• Issued: 04/23/1996
• Est. Priority Date: 01/26/1993
• Status: Expired due to Fees

• Current Assignee: Be'Eri Printers
• Original Assignee: Be'Eri Printers
• Inventors: Oz, Giora
• Primary Examiner(s): PAYER, HWEI SIU CHOU
• Application Number:
  US08/183,059
• Time in Patent Office: 826 Days
• Field of Search: 283/57, 283/58, 283/59, 283/67, 283/70, 283/72, 380/23, 380/25, 380/26, 340/825.34
• US Class Current: 283/70
• CPC Class Codes: G06Q 20/042 characterized in that the payment protocol involves at least one cheque
• CPC Class Codes: G07C 9/24 by means of a handwritten signature
• CPC Class Codes: G07D 7/0047 using checkcodes, e.g. coded numbers derived from serial number and denomination

Abstract

A monetary instrument bearing a machine-only readable indication of information relating thereto.

Claims

1. A method for point of presentation signature verification for a monetary instrument comprising the steps of:

machine reading a machine-only readable representation of an authorized signature on a monetary instrument;

comparing an actual signature on the monetary instrument with said representation thereof provided by machine reading of the machine-only readable representation; and

in response to similarity, providing an output indication of information verification.

2. A method according to claim 1 wherein said step of comparing is carried out by a human operator.

3. A method according to claim 1 and wherein said step of comparing is carried out by a machine.

4. A method for point of presentation information verification for a monetary instrument comprising the steps of:

machine reading a machine-only readable representation of information appearing on a monetary instrument;

comparing an information on the monetary instrument with said representation thereof provided by machine reading of the machine-only readable representation; and

in response to similarity, providing an output indication of information verification.

5. A method according to claim 4 wherein said information is an identification number.

6. A method according to claim 4 wherein said information is a check number.

7. A method according to claim 4 wherein said information is an account number.

8. A method according to claim 4 wherein said information is a branch number.

9. A method according to claim 4 and wherein said information is a signature.

10. A method according to claim 4 and wherein said step of comparing is provided by a human operator.

11. A method according to claim 4 wherein said step of comparing is carried out by a machine.

12. A monetary instrument bearing a machine-only readable indication of an authorized signature wherein said machine-only readable indication is encrypted.

13. A system for verification of a monetary instrument bearing machine-only readable information thereon comprising:

a reader which reads said machine-only readable information and provides an output;

a computer which receives the output of said reader and provides an output of information represented by the machine-only readable information;

a display which displays, in human recognizable form, said information represented by the machine-only readable information;

an additional reader which reads human recognizable information on said monetary instrument and provides a second output; and

a comparator which automatically compares the second output with the output of information represented by the machine-only readable information.

14. A system according to claim 13 and wherein said display is operative for displaying said output of said additional reader with said information represented by the machine-only readable information.

15. A system according to claim 13 wherein said information is an identification number.

16. A system according to claim 13 wherein said information is a check number.

17. A system according to claim 13 wherein said information is an account number.

18. A system according to claim 13 wherein said information is a branch number.

19. A system according to claim 13 wherein said information is a signature.

20. A system for verification of a monetary instrument bearing a machine-only readable signature thereon comprising:

a reader which reads said machine-only readable signature;

a computer which receives the output of said reader and provides an output of information represented by the machine-only readable signature;

a display which displays, in human recognizable form, said information represented by the machine-only readable signature,

wherein said reader is also operative for reading an actual signature from said monetary instrument, said system also comprising;

a comparator which automatically compares an output of the actual signature with said output of information represented by the machine-only readable signature.

21. A system according to claim 20 and wherein said display is operative for displaying said output of said reader with said information represented by the machine-only readable signature.