Systems and methods for managing throughput of point of sale devices
First Claim
1. An apparatus for processing a financial transaction involving a merchant, comprising:
- a conversion component that converts a payment associated with the financial transaction into electronic data that allows at least a portion of subsequent processing of the financial transaction to be performed electronically;
a storage component having a first capacity that stores a plurality of record data associated with a plurality of converted payments thereby allowing a batch conversion of a plurality of non-face-to-face payments wherein the storing of the plurality of record data allows a corresponding plurality of authorization data to be processed for authorization efficiently by not having to transfer the plurality of the record data along with the plurality of authorization data; and
a processor that monitors a throughput associated with processing of the plurality of non-face-to-face payments wherein the processor further performs at least one function that mitigates an adverse condition of the monitored throughput and wherein the at least one function comprises suspending processing of unprocessed checks when a level of storage in the storage component exceeds a specified level.
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0 Petitions
Accused Products
Abstract
Systems and methods for electronically processing accounts receivable (AR) check transactions via a location-base device associated with a merchant. The location-base device, such as a point-of-sale (POS) device, can be configured to perform various functions that facilitate processing of AR checks. Such functions may include improved user interface, an ability to handle a repetitive input parameter, an ability to handle multiple merchant identifiers, an ability to generate multiple receipt types, an ability to edit check transactions, an ability to manage throughput of the device, and an ability to allow scanning of different types of checks so as to allow subsequent processing of the scanned checks to be different based on the type of the check. The location-base device configured in one or more of the foregoing manner facilitates a check authorization process performed by a check processing service.
181 Citations
25 Claims
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1. An apparatus for processing a financial transaction involving a merchant, comprising:
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a conversion component that converts a payment associated with the financial transaction into electronic data that allows at least a portion of subsequent processing of the financial transaction to be performed electronically; a storage component having a first capacity that stores a plurality of record data associated with a plurality of converted payments thereby allowing a batch conversion of a plurality of non-face-to-face payments wherein the storing of the plurality of record data allows a corresponding plurality of authorization data to be processed for authorization efficiently by not having to transfer the plurality of the record data along with the plurality of authorization data; and a processor that monitors a throughput associated with processing of the plurality of non-face-to-face payments wherein the processor further performs at least one function that mitigates an adverse condition of the monitored throughput and wherein the at least one function comprises suspending processing of unprocessed checks when a level of storage in the storage component exceeds a specified level. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A method for processing a financial transaction, the method comprising:
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converting a payment associated with the financial transaction into electronic data that allows at least a portion of subsequent processing of the financial transaction to be performed electronically wherein the electronic data comprises record data and authorization data; storing the record data while an authorization process for the financial transaction is performed thereby allowing the authorization process to be performed efficiently by not having to transfer the record data along with the authorization data wherein such storing of the record data allows efficient batch processing of a plurality of non-face-to-face payments; and performing at least one function that mitigates an adverse condition of a throughput associated with processing of the plurality of non-face-to-face payments and wherein performing at least one function comprises suspending processing of unprocessed checks when a level of stored record data exceeds a specified level. - View Dependent Claims (11, 12, 13, 14, 15, 16, 17, 18, 19)
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20. An apparatus for processing a financial transaction, comprising:
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means for converting a payment associated with the financial transaction into electronic data that allows at least a portion of subsequent processing of the financial transaction to be performed electronically wherein the electronic data comprises record data and authorization data; means for determining whether a throughput of a location-base device processing a plurality of the financial transactions is affected in an adverse manner; and means for mitigating at least some of the adverse effects on the throughput of the location-base device thereby allowing batch processing of a plurality of non-face-to-face transactions and wherein the means for mitigating comprises suspending processing of unprocessed checks when a level of stored data exceeds a specified level. - View Dependent Claims (21, 22, 23, 24, 25)
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Specification