Method of authenticating negotiable instruments

• US 6,195,452 B1
• Filed: 04/27/1998
• Issued: 02/27/2001
• Est. Priority Date: 04/27/1998
• Status: Expired due to Fees

• Current Assignee: George R. Royer
• Original Assignee: George R. Royer
• Inventors: Royer, George R.
• Primary Examiner(s): Johns, Andrew W.
• Assistant Examiner(s): NAKHJAVAN, SHERVIN K
• Application Number:
  US09/066,829
• Time in Patent Office: 1,037 Days
• Field of Search: 382/115, 382/137, 382/317, 283/72, 283/74, 283/75, 283/58, 283/70, 283/92
• US Class Current: 382/135
• CPC Class Codes: G06K 17/00 Methods or arrangements for effecting co-operative working between equipments covered by two or more of main groups G06K1/00 - G06K15/00, e.g. automatic card files incorporating conveying and reading operations
• CPC Class Codes: G07D 7/0047 using checkcodes, e.g. coded numbers derived from serial number and denomination

Abstract

The subject invention is a process for improving the process of authenticating a negotiable instrument such as checks, comprising the usage of a series of coded designated portions on the face of the check, which portions can be marked in part according to a predetermined code so as to supplement a signature on the instrument for authenticity. Other code means may be employed on the negotiable instrument to create a physical and related mean employed by the issuer of the check to differentially code the instrument when it is initially negotiated as an additional authentication means, with one general embodiment of the invention comprising a computerized apparatus that can detect the right coding when the instrument is presented for cashing or payment of an obligation, such invention comprising in part, in an alternative embodiment, computer programmatic algorithmic means to authenticate the process of making and uttering such negotiable instrument.

Claims

1. A method of authenticating the execution of a negotiable instrument by the maker of a negotiable instrument having a front face and a back face when the negotiable instrument is presented to a payee for payment to the maker of the negotiable instrument comprising:

(a) emplacing a numeral identification number of the front of the negotiable instrument;

(b) emplacing marking means on the front face of the negotiable instrument that can be marked by the maker of the negotiable instrument when presented, to incorporate coded symbols identified with the maker of the negotiable instrument;

(c) comparing the numeral identification number with the coded marking symbols emplaced on the front face of such negotiable instrument, according to the following mathematical relationship using in conjunction with any set of numbers on the front face of the check 10 would be;

“

R”

(R) is the resultant unadded sequence of integers or numbers a′

, b′

, c′

, d′

, e′

, f′

. . . such latter numbers being respectively and individually the separate product of (Z+Y)+(X+W)+(V+U)+ . . . where Z is the first of the verity coded numbers and Y is the last number of the numbers of any numbered sequence on the check, and X is the second of the verity code numbers and W is the second from last of the numbered sequence used on the check and V is the third of the verity code numbers and U is the third from last of the numbered sequence used on the check, and where the exact number of digits comprising the unadded sequence R for the code may vary from 1 up to any higher number using the foregoing algorithmic sequential approach.

2. A method of authenticating the making by a specific maker of a negotiable instrument drawn on a given financial institution, having a front face and a back face, when the negotiable instrument is presented to a payee for payment by the maker of a negotiable instrument comprising the steps of:

(A) emplacing a numeral identification number on the front face of the negotiable instrument, and

(B) emplacing marking means on the front face of the negotiable instrument that can be marked by the maker of negotiable instruments when presented for negotiation to incorporate coded symbols identified with the specific maker of the negotiable instrument; and

(C) comparing the numeral identification number with the coded marking symbols emplaced on the front face of such negotiable instrument using the following computer programming steps;

(1) comparing preprinted coded symbols to the manually placed symbols on the check, by using, in turn, the following algonithmic procedures;

(a) read the verification coded symbols manually placed on the front face of the negotiable instrument through scanning means;

(b) read the predetermined coded symbols printed on the front face of the negotiable instrument through scanning means;

(c) utilizing correlation means between the verification coded symbols and the predetermined symbols printed on the front face of the negotiable instruments, such correlation means being alphanumeric based to arrive at a coded correlation symbolization utilizing the following algorithmic formulation having the resultant set of integers achieved which will be a function described as (R)=(Z+Y)+(X+W)+(V+U) . . . =(a′

) (b′

) (c′

) . . . where a′

b′

c′

. . . are simply juxtaposed integers described collectively as “

R” and

“

Z+Y”

=a′ and

“

X+W)=b′ and

“

V+U”

=c′ and

so forth, the exalt number of integers varying more or less than three, in which functional relationship “

Z”

equals the first digit of the assigned verity code, which “

Y”

is the last digit in the numbers comprising bank account number of the check and where “

X”

is the second digit of the assigned verity code and “

W”

is the second from last number in said bank account, and further “

V”

is the third number of the verity code and “

U”

is the third number from the end of the bank account, in which functional relationship the end result yields a multiple number series a′

, b′

c′

. . . z′

of any number of resultant digits that are not added but reviewed for identification purposes as a multidigit code.

(d) comparing the coded symbolization derived from the correlation means with known coded information for a given negotiable instrument with said financial institution.

(e) rendering a rejection or acceptance of such negotiable instrument based on the step of the coded symbolization on the negotiable instrument with the known coded symbolization.

3. A method of authenticating the making or presentment by a specific maker or presenter of a negotiable instrument drawn on a given institution, said instrument having a front face and a back face, when the negotiable instrument is presented to another for payment by the maker of a negotiable instrument comprising the steps of:

(a) printing a numeric identification on the front face of the negotiable instrument, and,

(b) emplacing marking means on the front face of the negotiable instrument that can be marked in coded sequence by the maker of negotiable instruments when presented for negotiation to incorporate marked coded symbols on said marking means as identified with the specific maker or presenter of the negotiable instrument; and

,

(c) comparing the meric identification with said marked coded symbols emplaced on the front face of such negotiable instrument using the following steps;

(1) comparing said numeric identification on said front face of said instrument to the marked coded symbols on front face of said instrument, by using, in turn, the following algorithmic procedures;

(a) read the marked coded symbols marked by the presenter or maker on marking means on the front face of the negotiable instrument through scanning means;

(b) read said numeric identification printed on the front face of the negotiable instrument through scanning means;

(c) utilizing correlation means between the marked coded symbols and the numeric identification printed on the front face of the negotiable instruments, such correlation means being alphanumeric means based to arrive at a coded correlation between the printed numeric identification, utilizing the following algorithmic formulation having the resultant set of integers accumulated which will be a function described as (R)=(Z+Y)+(X+W)+(V+U) . . . =(a′

) (b′

) (c′

) . . . where a′

b′

c′

. . . are simply juxtaposed integers described collectively as “

R” and

“

Z+Y”

a′ and

“

X+W”

=b′ and

“

V+U”

=c′ and

so forth, the exact number of integers varying more or less than three, in which functional relationship “

Z”

equals the first digit of the assigned marked code symbol where “

Y”

is one of the digits in the numbers comprising printed identification number of the negotiable instrument and where “

X”

is the second digit of the assigned marked code symbol and “

W”

is yet another of the digits of printed identification number on said negotiable instrument, and further “

V”

is the third digit of the assigned marked coded symbol and “

U”

is still another number of printed identification number of said negotiable instrument, in which resultant set of integers accumulates in the end result yields a multiple number series a′

, b′

, c′

. . . z′

of any number of resultant digits added from respective digits of printed identification number on said negotiable instrument and the added respective digits from the assigned marked coded symbols on said negotiable instrument are individually added and reviewed for identification purposes as a multidigit code.

(d) comparing the coded symbolization derived from said correlation means with known coded information for a given negotiable instrument with said financial institution.