System and method for negotiable instrument cashing fee setup by type
First Claim
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1. A method of defining, storing and sharing casher preferences for negotiable instrument cashing transactions via a negotiable instrument cashing system, comprising:
- at a first authorization station, receiving casher data, said data including casher biometric data;
verifying an identity of said casher, based on a comparison of said received casher biometric data with registered casher biometric data;
if an identity of said casher is verified, determining whether said casher is authorized to define preferences;
if said casher is authorized to define preferences, receiving one or more casher negotiable instrument cashing preferences;
communicating said casher preferences to a database; and
storing said casher preferences at said database, wherein said stored casher preferences are used to automatically update one or more additional authorization stations that apply said stored casher preferences to negotiable instrument cashing transactions.
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Abstract
A method of providing negotiable instrument cashing merchants the ability to readily customize, store locally or centrally, and update manually or automatically, preferences related to negotiable instrument cashing transactions. The present invention imparts a process by which cashers utilizing a negotiable instrument cashing system can store and update fee and surcharge preferences, share them with affiliated cashers, and apply the preferences to negotiable instrument cashing transactions.
137 Citations
27 Claims
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1. A method of defining, storing and sharing casher preferences for negotiable instrument cashing transactions via a negotiable instrument cashing system, comprising:
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at a first authorization station, receiving casher data, said data including casher biometric data; verifying an identity of said casher, based on a comparison of said received casher biometric data with registered casher biometric data; if an identity of said casher is verified, determining whether said casher is authorized to define preferences; if said casher is authorized to define preferences, receiving one or more casher negotiable instrument cashing preferences; communicating said casher preferences to a database; and storing said casher preferences at said database, wherein said stored casher preferences are used to automatically update one or more additional authorization stations that apply said stored casher preferences to negotiable instrument cashing transactions. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
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9. A method for defining and applying casher preferences, comprising:
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at an authorization station, receiving casher data, said data including casher biometric data; verifying an identity of said casher based on a comparison of said received casher biometric data with registered casher biometric data; if said comparison indicates that said casher is authorized to define preferences, receiving one or more casher negotiable instrument cashing preferences; storing said casher preferences; receiving negotiable instrument information that is presented by a presenter and endorsed by a negotiable instrument maker; receiving biometric data from said presenter; comparing said biometric data of said presenter with registered presenter biometric data; determining whether said negotiable instrument should be accepted for cashing; if said negotiable instrument is accepted for cashing, determining one or more of a fee and a categorization for the transaction, wherein said determining includes identifying which of said casher preferences apply to said transaction; processing said transaction, wherein said processing includes the application of said casher preferences to said transaction; and storing information relating to said transaction in a transaction record. - View Dependent Claims (10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20)
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21. A method for automatically applying casher preferences to a negotiable instrument cashing transaction, comprising:
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receiving, from a presenter, negotiable instrument information, wherein said receiving includes scanning said negotiable instrument; receiving, at a local device, biometric data from said presenter; receiving, at said local device, biometric data from a casher, comparing said biometric data of said presenter with registered presenter biometric data; determining, based on one or more of information contained in a presenter record and said negotiable instrument information, whether said negotiable instrument should be accepted for cashing; comparing said biometric data of said casher with registered casher biometric data, said comparison being used to verify and record said casher'"'"'s identity, determining, based on information retrieved by said scanning, one or more of a fee and a categorization for the transaction, wherein said determining further includes accessing one or more preconfigured fees and categorizations stored at a database; processing said transaction, wherein said processing includes the application of one or more of said fee and categorization to said transaction; and storing information relating to said transaction in a transaction record. - View Dependent Claims (22, 23)
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24. A method of defining and storing casher preferences for negotiable instrument cashing transactions via a negotiable instrument cashing system, comprising:
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at an authorization station, receiving casher data, said data including a casher identifier; verifying said casher'"'"'s identity, based on a comparison of said received casher data with registered casher data; if said comparison indicates that said casher is authorized to define preferences, receiving one or more casher preferences pertaining to one or more of negotiable instrument cashing fees, negotiable instrument cashing surcharges, negotiable instrument maker categorizations and negotiable instrument type categorizations; and storing said casher preferences at a database, wherein said stored casher preferences are used to automatically update one or more additional authorization stations that apply said stored casher preferences to negotiable instrument cashing transactions. - View Dependent Claims (25, 26, 27)
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Specification