Point of sale devices for converting promissory transactions into debit transactions
First Claim
Patent Images
1. A point of sale device for converting check transactions into direct debit transactions comprising:
- a magnetic ink character recognition (MICR) reader for reading MICR characters from a check transaction;
a keypad for entering an amount of the check transaction;
an interface for transmitting the MICR characters, the amount, and a check authorization transaction request associated with the check transaction to a check acceptance service;
a display for displaying an indication of a decision received from the check acceptance service both to not authorize acceptance of the check and to convert the check transaction to a direct debit transaction; and
a printer for printing an authorization form for obtaining a check writer'"'"'s authorization authorizing a conversion of the check transaction into the direct debit transaction.
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Accused Products
Abstract
Systems and methods are provided for using a point of sale device to obtain authorization from a customer to convert the customer'"'"'s promissory transaction to a direct debit transaction. In an embodiment, the point-of-sale device prints an authorization form for the customer'"'"'s signature.
33 Citations
33 Claims
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1. A point of sale device for converting check transactions into direct debit transactions comprising:
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a magnetic ink character recognition (MICR) reader for reading MICR characters from a check transaction; a keypad for entering an amount of the check transaction; an interface for transmitting the MICR characters, the amount, and a check authorization transaction request associated with the check transaction to a check acceptance service; a display for displaying an indication of a decision received from the check acceptance service both to not authorize acceptance of the check and to convert the check transaction to a direct debit transaction; and a printer for printing an authorization form for obtaining a check writer'"'"'s authorization authorizing a conversion of the check transaction into the direct debit transaction. - View Dependent Claims (2, 3)
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4. A point of sale device for converting promissory transactions into direct debit transactions comprising:
- an interface for transmitting data associated with a promissory transaction to a check acceptance service; and
a display for displaying an indication of a decision received from the check acceptance service both to not authorize acceptance of the promissory transaction and to obtain authorization from check writer'"'"'s to convert the promissory transaction to a direct debit transaction. - View Dependent Claims (5, 6, 7, 8, 9, 10, 11)
- an interface for transmitting data associated with a promissory transaction to a check acceptance service; and
- 12. A point of sale device for converting promissory transactions into direct debit transactions in response to a decision to do so received from a check acceptance service, the device comprising a printer for printing an authorization form for obtaining a check writer'"'"'s authorization authorizing a conversion of a promissory transaction into a direct debit transaction after the check acceptance service determines a level of risk associated with the promissory transaction is unacceptable.
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19. A method of using a point of sale device to convert a promissory transaction into a direct debit transaction, the method comprising:
- transmitting with a point of sale device data about a promissory transaction to a check acceptance service; and
displaying with the point of sale device an indication of a decision received from the check acceptance service both to not authorize acceptance of the promissory transaction and to obtain authorization from check writer'"'"'s to convert the promissory transaction to a direct debit transaction. - View Dependent Claims (20, 21, 22, 23, 24, 25, 26)
- transmitting with a point of sale device data about a promissory transaction to a check acceptance service; and
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27. A point of sale device for converting a promissory transaction into a direct debit transaction comprising:
- means for obtaining at least one transaction detail associated with a promissory transaction;
means for sending the at least one transaction detail, and a promissory transaction request associated with the promissory transaction to a promissory transaction acceptance service; and
means for receiving an indication of a decision from the promissory acceptance service to both not authorize acceptance of the promissory transaction and to obtain authorization from check writer'"'"'s to convert the promissory transaction into a direct debit transaction. - View Dependent Claims (28, 29, 30, 31, 32, 33)
- means for obtaining at least one transaction detail associated with a promissory transaction;
Specification