Security system and method for business transactions with customers
First Claim
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.
4 Assignments
0 Petitions
Accused Products
Abstract
A security system and method by which customers may be readily identified prior to cashing of checks, other cash-out transactions, or other business transactions, wherein each customer is issued an individualized customer identification card having at least a personalized multidigit customer identification number encoded thereon and, optionally, also encoded with additional personal data identifying the customer. To cash a check or conduct another form of business transaction, whether at an attended customer service station or at an automated machine, the encoded data on the identification card is read and the customer is required to input the personalized identification number assigned to the card. The transaction is not approved unless the customer correctly inputs the assigned identification number. In contemplated embodiments, the encoded data along with data regarding the transaction requested by the customer, e.g., obtained by optical scanning of a check or other item presented by the customer, is transmitted to a central computer system for execution of an approval-disapproval analysis or algorithm.
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Citations
46 Claims
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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:
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(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. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. A banking security system for establishing customer identification in, and determining approval for, cashing for customers of bank checks drawn by third parties, comprising:
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(a) a centralized data storage and processing means for storing predetermined data on each customer, the data storage and processing means including means for determining approval of third party checks presented by customers according to predetermined criteria; (b) means for issuing to each customer an individualized customer identification card wherein predetermined personal information regarding the customer and any individualized predetermined criteria to be established for cashing of third-party checks for the customer are obtained and input into the data storage and processing means and wherein the card has means encoded with at least some of the predetermined personal information regarding the customer and with a personalized multidigit customer identification number collectively sufficient for identification of the customer; and (c) a transaction station for cashing third-party checks, the transaction station including; (i) means for reading the encoded means for 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 inputs the personalized customer identification number; and (iv) means for communicating with the centralized data storage and processing means for actuating the approval determination means thereof to determine an approval or disapproval for cashing a third-party check presented by the customer according to the predetermined criteria established in the data storage and processing means, including any individualized predetermined criteria established for the customer individually. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24)
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25. A security method 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:
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(a) issuing to each customer an individualized customer identification card storing in an encoded form a personalized multidigit customer identification number for subsequent identification of the customer; (b) establishing for each customer predetermined criteria for determining approval of third-party checks presented by the customer; and (c) upon each presentment of a third-party check by each customer; (i) requiring the customer to present the identification card; (ii) reading the encoded identification number by means of a card reading device to identify the customer; (iii) requiring the customer to input into the card reading device the personalized identification number assigned to the customer; and (iv) determining approval or disapproval of the third-party check according to the predetermined criteria established for the respective customer. - View Dependent Claims (26, 27, 28, 29, 30, 31, 32, 33, 34)
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35. A banking security method for establishing customer identification in, and determining approval for, cashing for customers of bank checks drawn by third parties, comprising:
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(a) providing a centralized data storage and processing means including means for determining approval or disapproval of third-party checks presented by customers according to predetermined criteria; (b) for each customer, obtaining and storing in the centralized data storage and processing means predetermined personal information regarding the customer and any individualized predetermined criteria to be established for cashing of third-party checks for the customer; (c) issuing to each customer an individualized customer identification card storing in an encoded form at least some of the predetermined personal information regarding the customer and a personalized multidigit customer identification number collectively sufficient for subsequent identification of the customer; and (d) cashing each third-party check by each customer by; (i) requiring the customer to present the identification card upon each presentment of a third-party check; (ii) reading the encoded personal information and identification number by means of a card reading device to identify the customer; (iii) requiring the customer to input into the card reading device the personalized identification number assigned to the customer; and (iv) communicating with the centralized data storage and processing means for initiating execution thereby of a determination of approval or disapproval of the third-party check presented by the customer according to the predetermined criteria established for the customer individually. - View Dependent Claims (36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46)
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Specification