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Enhanced Check 21 financial payment systems and methods

  • US 7,702,588 B2
  • Filed: 10/08/2007
  • Issued: 04/20/2010
  • Est. Priority Date: 10/10/2006
  • Status: Expired due to Fees
First Claim
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1. A digitally originated check system, comprising:

  • an electronic payment system that is accessed by users remotely through a network connection;

    a data storage device connected to the electronic payment system containing a metadata file defining a digitally originated check, wherein the digitally originated check is created without an original paper check, the metadata file comprises a payment instruction, a globally unique identifier, tracking information, and security information, and wherein the metadata file is stored, accessed, and modified electronically in the data storage device;

    wherein the electronic payment system is configured to;

    create the metadata file defining the digitally originated check;

    distribute the metadata file defining the digitally originated check;

    track the metadata file defining the digitally originated check;

    clear the metadata file defining the digitally originated check, wherein clearing the metadata file is compliant with electronic check clearing methods;

    verify the metadata file defining the digitally originated check prior to deposit or cashing of the digitally originated check;

    secure the metadata file defining the digitally originated check; and

    receive a request to cancel the digitally originated check and immediately cancel the digitally originated check responsive to the request.

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  • 3 Assignments
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