Automated system and method for checkless check transaction

• US 5,832,463 A
• Filed: 03/28/1996
• Issued: 11/03/1998
• Est. Priority Date: 03/28/1996
• Status: Expired due to Term

• Current Assignee: Hewlett Packard Enterprise Development LP (Hewlett-Packard Enterprise Company)
• Original Assignee: Electronic Data Systems Corporation (Perspecta, Inc.)
• Inventors: Funk, Wade L.
• Primary Examiner(s): Cosimano, Edward R.
• Application Number:
  US08/623,584
• Time in Patent Office: 950 Days
• Field of Search: 235/375, 235/379, 705/1, 705/30, 705/35, 705/39, 705/40, 705/45, 902/36, 902/40
• US Class Current: 705/35
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/042 characterized in that the payment protocol involves at least one cheque
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/389 Keeping log of transactions for guaranteeing non-repudiation of a transaction
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

The automated improved check processing system and method includes a data entry device (200, 202) for receiving checking account information (304, 306, 308) and a check amount (302) of a check (210, 300) provided in a transaction. The transaction may take place at a bank teller window or a point-of-sale. The checking account information and check amount are electronically transmitted to the institution or servicer (208) drawn on for electronic presentment and posting to the proper checking account. Additionally, an image capturer (204) may be used at the time of the transaction to obtain a digitized image of the face of the check. The captured image may then be forwarded electronically to a database, which is readily accessible for research purposes.

Claims

1. An automated point-of-sale transaction system for generating a checkless transaction record from a check tendered at the point-of-sale, comprising:

an input device receiving checking account information and a check amount of a check drawing on a checking account provided in a transaction;

a database coupled to said input device for electronically receiving and storing said checking account information and check amount;

an electronic transaction processor for electronically forwarding said checking account information and check amount to an institution drawn on by said check; and

an image capturer for capturing an image of said check.

2. The system, as set forth in claim 1, wherein said input device comprises a MICR reader for reading MICR data line on said check.

3. The system, as set forth in claim 1, wherein said input device comprises a MICR reader for reading MICR data line on a deposit slip being provided with said check, said deposit slip having a depositor'"'"'s account number preprinted thereon.

4. The system, as set forth in claim 1, wherein said input device comprises at least a numerical keypad for entering said check amount.

5. The system, as set forth in claim 1, wherein said image capturer digitizes said captured check image.

6. The system, as set forth in claim 1, wherein said checking account information includes a routing and transit number and a checking account number.

7. The system, as set forth in claim 1, wherein said checking account information includes a check serial number.

8. The system, as set forth in claim 1, wherein said input device is coupled to said database via a telecommunications line.

9. The system, as set forth in claim 1, wherein said input device is coupled to said electronic transaction processor via a telecommunications line.

10. The system, as set forth in claim 1, further comprising an on-line connection between said institution and said database.

11. The system, as set forth in claim 1, further comprising an on-line connection between said database and a servicer.

12. The system, as set forth in claim 1, wherein said electronic transaction processor comprises an automated clearing house transaction processor.

13. The system, as set forth in claim 1, wherein said electronic transaction processor comprises an automated debit card transaction processor.

14. A method for generating a checkless transaction record at a point-of-sale from a check tendered at the point-of-sale, comprising the steps of:

receiving checking account information and a check amount of a check provided in a transaction, said check drawing on a checking account provided by an institution;

capturing an image of a face of said check, including a signature inscribed thereon; and

electronically transmitting said received checking account information and check amount to said institution.

15. The method, as set forth in claim 14, wherein said checking account information receiving step comprises the step of reading a pre-printed MICR line data on said check.

16. The method, as set forth in claim 14, wherein said checking account information receiving step comprises the step of reading a pre-printed MICR depositor'"'"'s account information on a deposit slip submitted with said check.

17. The method, as set forth in claim 14, wherein said check amount receiving step comprises the step of electronically entering said check amount.

18. The method, as set forth in claim 14, wherein said checking account information receiving step comprises the steps of machine-reading a routing and transit number and a checking account number pre-printed on said check.

19. The method, as set forth in claim 14, wherein said checking account information receiving step comprises the steps of machine-reading a check serial number preprinted on said check.

20. The method, as set forth in claim 14, wherein said electronically transmitting step comprises the step of transmitting said checking account information and check amount via a telecommunications line.

21. The method, as set forth in claim 14, further comprising the step of accessing information stored in said database on-line.

22. The method, as set forth in claim 14, further comprising the steps of:

electronically transmitting said checking account information and check amount to a database; and

storing said checking account information and check amount in said database.

23. The method, as set forth in claim 14, further comprising the steps of:

electronically transmitting said check image to an image database; and

storing said check image in said image database.

24. The method, as set forth in claim 14, further comprising the step of converting said checkless transaction record to an automated clearing house transaction for electronic presentment.

25. The method, as set forth in claim 14, further comprising the step of converting said checkless transaction record to a debit card transaction for electronic presentment.