Electronic check

• US 7,113,925 B2
• Filed: 01/19/2005
• Issued: 09/26/2006
• Est. Priority Date: 01/19/2005
• Status: Active Grant

• Current Assignee: Echeck21 LLC
• Original Assignee: Echeck21 LLC
• Inventors: Bansal, Atal, Waserstein, Alan I.
• Primary Examiner(s): Abdi, Kambiz
• Application Number:
  US11/039,322
• Publication Number:
  US 20060161501A1
• Time in Patent Office: 615 Days
• Field of Search: 705/1, 705/33, 705/64, 705/67, 705/75, 705/50, 713/165, 713175-176
• US Class Current: 705/50
• CPC Class Codes: G06Q 20/042 characterized in that the payment protocol involves at least one cheque
• CPC Class Codes: G06Q 20/0425 the cheque being electronic only
• CPC Class Codes: G06Q 20/108 Remote banking, e.g. home banking
• CPC Class Codes: G06Q 20/367 involving electronic purses or money safes
• CPC Class Codes: G06Q 20/3674 involving authentication
• CPC Class Codes: G06Q 20/382 insuring higher security of transaction
• CPC Class Codes: G06Q 20/401 Transaction verification
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/128 Check-book balancing, updating or printing arrangements

Abstract

An electronic check that is created by a secure electronic transmission which can be printed as a paper check by the payee. The electronic check is created by a software program that makes a digital image of the check, securely encrypts the digital image and transmits the digital image to the payee. The payee then uses special software to decrypt the transmitted check image, which is then capable of being printed as a paper check by the payee. The payee can deposit the paper check to the bank. Optionally, the payee can electronically transmit the check image to the payee'"'"'s bank.

Claims

1. A method for securely sending a check comprising:

preparation by a payor using software on a machine readable medium of an electronic check which is an encrypted electronically generated digital image of a negotiable paper check when converted to a paper check;

transmission of said electronic check from said payor to a payee;

receipt and decryption of said electronic check by payee; and

conversion of said electronic check to a negotiable paper check by the payee;

said digital image including a bar code containing a digital signature and information selected from the group consisting of payor'"'"'s details, bank information, check amount and combinations thereof; and

said digital image including a visible background that is visible when converted to said negotiable paper check and that repeats unencrypted information from said electronic check, wherein said unencrypted information is selected from the group consisting of payor details, payee details, bank information, check details, payor name, a payor account number, a payee name, a check dollar amount, a check date, a check number, a bank ach routing number and combinations thereof.

2. The method of claim 1, wherein said electronic check is prepared utilizing software on a personal computer.

3. The method of claim 2, wherein said software communicates with and updates said payor'"'"'s accounting software.

4. The method of claim 1, wherein during the preparation of said electronic check, said electronic check is encrypted with symmetric key encryption.

5. The method of claim 1, wherein during the preparation of said electronic check, said electronic check is encrypted with public key infrastructure.

6. The method of claim 1, wherein the transmission of said electronic check is by email.

7. The method of claim 1, wherein the transmission of said electronic check is through a secure web-based application.

8. The method of claim 1, wherein said conversion of said electronic check is performed by a printer.

20. The method of claim 1, wherein said digital signature is created using a payor'"'"'s private key and at least a portion of the bar code information and wherein said bar code information is selected from the group consisting of payor details, payee details, bank information, check details, a payor name, a payor account number, a payee name, a check amount, a check date, a check number, a bank ach routing number and combinations thereof.

9. A method for sending a payment using a check comprising the steps of:

preparation by a payor using a software program on a machine readable medium of an electronically generated digital image of a negotiable paper check when produced as an image of a paper check including a bar code containing a digital signature and information selected from the group consisting of payor'"'"'s details, bank information, check amount and combinations thereof;

encryption of said digital image as an electronic check;

transmission of said electronic check from said payor to a payee; and

decryption of said electronic check by the payee to produce said image of said negotiable paper check;

said digital image including a visible background that is visible when converted to said negotiable paper check and that repeats unencrypted information from said electronic check, wherein said unencrypted information is selected from the group consisting of payor details, payee details, bank information, check details, payor name, a payor account number, a payee name, a check dollar amount, a check date, a check number, a bank ach routing number and combinations thereof.

10. The method of claim 9, wherein said digital image of said electronic check is encrypted with symmetric key encryption.

11. The method of claim 9, wherein said digital image of said electronic check is encrypted with public key infrastructure encryption.

12. The method of claim 9, wherein said transmission of said electronic check is by email.

13. The method of claim 9, wherein said transmission of said electronic check is through a secure web-based application.

14. The method of claim 9, comprising the further step of converting said digital image of said electronic check to said negotiable paper check by printing a negotiable paper check from said digital image of said electronic check.

15. The method of claim 9, wherein said electronic check is further transmitted by said payee to a bank prior to said decryption.

17. The method of claim 9, wherein said digital signature is created using a payor'"'"'s private key and at least a portion of the bar code information, wherein said bar code information is selected from the group consisting of payor details, payee details, bank information, check details, a payor name, a payor account number, a payee name, a check amount, a check date, a check number, a bank ach routing number and combinations thereof.

16. A system for sending a payment comprising:

means for a payor to prepare an electronic check by inputting a payment amount, payee name and payee address into a payor software program on a machine readable medium, wherein said software program generates an electronically generated digital image of a negotiable paper check when printed as said electronic check, including a bar code containing a digital signature and information selected from the group consisting of payor'"'"'s details, bank information, check amount, and combinations thereof;

means for encryption of said electronic check utilizing a payee'"'"'s pubic key;

means for transmission of said electronic check by said payor to said payee;

means for decrypting said electronic check by said payee using said payee'"'"'s private key; and

means for printing by said payee of a negotiable paper check from said electronic check;

said program generating in the digital image a visible background that is visible when printed and that repeats unencrypted information from said electronic check, wherein said unencrypted information is selected from the group consisting of payor details, payee details, bank information, check details, a payor name, a payor account number, a payee name, a check dollar amount, a check date, a check number, a bank ach routing number and combinations thereof.

18. The system of claim 16, wherein said digital signature is created using a payor'"'"'s private key and at least a portion of the bar code information, wherein said digital signature is appended to said unencrypted information, and wherein said bar code information is selected from the group consisting of payor details, payee details, bank information, check details, a payor name, a payor account number, a payee name, a check amount, a check date, a check number, a bank ach routing number and combinations thereof.

19. The system of claim 16, including means to provide in said electronic check a background that is visible when printed and that repeats unencrypted information from said electronic check, wherein said unencrypted information is selected from the group consisting of payor details, payee details, bank information, check details, a payor name, a payor account number, a payee name, a check dollar amount, a check date, a check number, a bank ach routing number and combinations thereof.

21. A method for sending a payment using a check comprising the steps of:

preparation by a payor using a software program on a machine readable medium of an electronically generated digital image of a negotiable paper check when produced as an image of a paper check including a bar code containing a digital signature and information selected from the group consisting of payor'"'"'s details, bank information, check amount and combinations thereof;

encryption of said digital image as said electronic check;

transmission of said electronic check via one of e-mail and a secure web-based application to the payee for production of a paper check;

said digital image including in the electronic check a visible background that repeats unencrypted information from said electronic check, wherein said unencrypted information is selected from the group consisting of payor'"'"'s details, payee'"'"'s details, bank information, check details, payor'"'"'s name, a payor'"'"'s account number, a payee'"'"'s name, a check dollar amount, a check date, a check number, a bank ach routing number and combinations thereof.

22. The method of claim 21, wherein the digital image is encrypted with public key infrastructure.

23. A device for sending a payment comprising:

means for a payor to prepare an electronic check by inputting a payment amount, and payee'"'"'s name into a payor software program on a machine readable medium wherein said software program generates a digital image of a negotiable paper check when produced as an image of a paper check as said electronic check including a bar code containing a digital signature and information selected from the group consisting of payor'"'"'s details bank information, check amount and combinations thereof;

means for encryption of said electronic check; and

means for transmission of said electronic check by said payor to a payee via one of e-mail and a secure web-based application for production of a paper check;

said program generating in the digital image a visible background that is visible when printed and that repeats unencrypted information from said electronic check, wherein said unencrypted information is selected from the group consisting of payor details, payee details, bank information, check details, a payor name, a payor account number, a payee name, a check dollar amount, a check date, a check number, a bank ach routing number and combinations thereof.

24. The method of claim 23, wherein the electronic check is encrypted with public key infrastructure.

25. A method for sending a payment using a check comprising the steps of:

preparation by a payor using a software program on a machine readable medium of an electronically generated digital image of a negotiable paper check when converted as an image of a paper check;

encryption of said digital image as said electronic check; and

transmission of said electronic check to said payee via one of e-mail and a secure web-based application for conversion to a paper check;

said program providing a background in the digital image that is visible when converted to said image of said negotiable paper check and that repeats unencrypted information selected from the group consisting of payor'"'"'s details, payee'"'"'s details, bank information, check details, payor'"'"'s name, a payor'"'"'s account number, a payee'"'"'s name, a check dollar amount, a check date, a check number, a bank ach routing number and combinations thereof.

26. A device for sending a payment comprising:

input means for a payor to prepare an electronic check by inputting a payment amount and payee'"'"'s name;

means including a payor software program on a machine readable medium for generating a digital image of a negotiable paper check as said electronic check with a background that is visible when converted to an image of said negotiable paper check and that repeats unencrypted information selected from the group consisting of payor details, payee details, bank information, check details, payor name, a payor account number, a payee name, a check dollar amount, a check date, a check number, a bank ach routing number and combinations thereof;

means for encryption of said electronic check; and

means for transmission of said electronic check by said payor to a payee via one of e-mail and a secure web-based application for conversion to a paper check.