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Security system and method for business transactions with customers

  • US 6,105,011 A
  • Filed: 03/19/1998
  • Issued: 08/15/2000
  • Est. Priority Date: 03/19/1998
  • Status: Expired due to Term
First Claim
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1. A security system for use by a business for establishing customer identification in, and determining approval for, acceptance from customers of bank checks drawn by third parties, comprising:

  • (a) means for issuing to each customer an individualized customer identification card having means encoded with a personalized multidigit customer identification number for subsequent identification of the customer;

    (b) means for establishing for each customer predetermined criteria for determining approval of third-party checks presented by the customer; and

    (c) a transaction station for receiving third-party checks from customers, the transaction station including;

    (i) means for reading the encoded means of each customer identification card upon presentation thereof by each customer;

    (ii) means for customer input of the personalized customer identification number of the customer;

    (iii) means for determining whether the customer correctly inputs the personalized customer identification number; and

    (iv) means for determining whether a third-party check presented by the customer satisfies the predetermined approval criteria established for the customer.

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