Automated payment system and method

• US 7,882,000 B2
• Filed: 01/03/2007
• Issued: 02/01/2011
• Est. Priority Date: 07/05/2001
• Status: Active Grant

• Current Assignee: Cummins-Allison Corporation (Crane Company)
• Original Assignee: Cummins-Allison Corporation (Crane Company)
• Inventors: Jones, John E.
• Primary Examiner(s): Hamilton; Lalita M
• Application Number:
  US11/649,394
• Publication Number:
  US 20070112674A1
• Time in Patent Office: 1,490 Days
• Field of Search: 705/35, 705/39, 705/40
• US Class Current: 705/35
• CPC Class Codes: G06Q 20/04 Payment circuits
• 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 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/102 Bill distribution or payments
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/208 Input by product or record sensing, e.g. weighing or scanner processing
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes

Abstract

An automated payment system for processing payment by a customer to a company. The payment system includes a document scanning system which has an input receptacle adapted to accept a document. After receiving an authorization agreement from the customer, the scanner acquires at least one image from the document. Also provided is a first computer adapted to receive images from the document scanning system. Adapted to communicate information represented by the image, a first communication link couples the document scanning system and the first computer. The payment system also includes a second computer adapted to receive images which is in communication with the first computer via a second communication link. The second communication link is adapted to communicate images and payment information.

Claims

1. An automated payment system for processing payment of an invoice sent from a payee to a customer, wherein the customer has a bank account at a payor bank, the automated payment system comprising:

a document processing system having;

an input receptacle for receiving the invoice and a check for an amount drawn on the customer'"'"'s account,

an image scanner configured to obtain invoice image data from the invoice and check image data from the check, the image data reproducible as visually readable images of the invoice and check,

a transport mechanism adapted to transport the invoice and the check from the input receptacle and past the image scanner, and

a processor associated with the image scanner, the processor configured to extract field information from the invoice image data and the check image data, the field information including the amount of the check; and

an interface associated with the document processing system, the interface configured to transmit the invoice image data, the check image data, and extracted field information to a network, the transmitted image data and field information formatted for processing by a computer associated with a bank and for debiting of the customer account for the amount of the check.

2. The system of claim 1, further comprising a personal computer including the interface associated with the document processing system, the personal computer communicatively coupled to the document processing system and configured to receive the invoice image data, the check image data, and the extracted field information.

3. The system of claim 1, wherein the document processing system is further configured to obtain an authorization agreement from the customer.

4. The system of claim 3, wherein the authorization agreement is displayed to the customer on a video screen.

5. The system of claim 4, further comprising an electronic signature pad and an electronic pen, the electronic signature pad adapted to receive a signature from the customer.

6. The system of claim 1, further comprising a printer adapted to inscribe the check with an indicia of cancellation.

7. The system of claim 1, wherein the document processing system further includes a value entry device adapted to enter a transaction amount into the document processing system.

8. The system of claim 7, wherein the document processing system is further adapted to compare a transaction amount printed on the check against the transaction amount entered via the value entry device.

9. The system of claim 7, wherein the value entry device is a numeric keypad.

10. The system of claim 7, wherein the value entry device is a touchscreen.

11. The system of claim 1, the document processing system further comprising at least one control panel adapted to display information to one of an operator and the customer.

12. The system of claim 1, wherein the image scanner further comprises multiple scanheads.

13. The system of claim 1, wherein the document processing system transports and scans the check and the invoice with a longer edge of the document perpendicular to the direction of transport.

14. The system of claim 1, wherein the scanned image is a full image of the check or invoice.

15. An automated payment system for processing payment of an invoice sent from a payee to a customer, wherein the customer has a bank account at a payor bank and the payee has a bank account at a payee bank, the automated payment system comprising:

a payor bank computer configured to receive invoice image data and check image data, the image data reproducible as a visually readable image, the payor bank computer or an associated processor configured to extract field information from the invoice image data and the check image data, the field information including the amount of the check; and

a communications interface associated with the payor bank computer, the communications interface configured to transmit funds for the amount of the check from the payor bank computer to a network, wherein the transmitted funds are formatted for processing by a payee bank computer to credit a payee bank account for the amount of the transmitted funds.

16. The system of claim 15, wherein the payor bank and the payee bank are different banks.

17. The system of claim 15, wherein the payor bank and the payee bank are the same bank.

18. The system of claim 15, wherein the received image data are full images of the check or invoice.

19. A method of debiting a first financial account and crediting a second financial account, the first financial account belonging to a customer and the second financial account belonging to a payee, the method comprising:

receiving a check drawn on the first financial account in an input receptacle of a document scanning system;

receiving an invoice referencing the second financial account in the input receptacle of the document scanning system;

transporting the check past an image scanner of the document scanning system;

transporting the invoice past the image scanner of the document scanning system;

scanning the check and the invoice with the image scanner to generate an electronic image of the check and an electronic image of the invoice;

obtaining a transaction amount from the image of the check;

obtaining account information from the image of the invoice;

transmitting the image of the check, the image of the invoice, the obtained transaction amount, and the obtained account information over an interface connected to a network, wherein the images, transaction amount, and account information are formatted for processing by a payor financial institution associated with the first financial account and debiting of the first financial account for the transaction amount; and

transmitting funds equal to the transaction amount via the interface or another interface configured to transmit the funds to a network, the transmitted funds formatted for processing by a payee financial institution associated with the second financial account.

20. The method of claim 19, wherein the payor financial institution and the payee financial institution are different financial institutions.

21. The method of claim 19, wherein the payor financial institution and the payee financial institution are the same.

22. The method of claim 19, wherein the document scanning system is further configured to obtain an authorization agreement from the customer.

23. The method of claim 19, further comprising inscribing the check with an indicia of cancellation.

24. The method of claim 19, further comprising entering a transaction amount via a value entry device, and comparing a transaction amount printed on the check against the transaction amount entered via the value entry device.

25. The system of claim 19, wherein the check and the invoice are transported and scanned with a longer edge of the document perpendicular to the direction of transport.

26. The system of claim 19, wherein the scanned image is a full image of the check or invoice.

27. An automated payment system for processing payment of an invoice sent from a payee to a customer, wherein the customer has a bank account at a payor bank and the payee has a bank account at a payee bank, the automated payment system comprising:

a document scanning system configured to obtain an image of an invoice and an image of a check; and

a first computer at the payor bank communicatively coupled to the document scanning system and configured to receive the image of the check and the image of the invoice, the first computer further configured to debit the customer'"'"'s account for the amount of the check,

wherein the amount of the check is extracted from the image of the check, the first computer having an interface configured to transmit the image of the check, the image of the invoice, and the extracted amount from the image of the check to a network.

28. The system of claim 27, wherein the document scanning system is further configured to obtain an authorization agreement from the customer.

29. The system of claim 27, further comprising a printer adapted to inscribe the check with an indicia of cancellation.

30. The system of claim 27, wherein the document scanning system further includes a value entry device adapted to enter a transaction amount into the document scanning system, the document scanning system being further adapted to compare a transaction amount printed on the check against the transaction amount entered via the value entry device.

31. The system of claim 27, wherein the document scanning system transports and scans the check and the invoice with a longer edge of the document perpendicular to the direction of transport.

32. The system of claim 27, wherein the scanned image is a full image of the check or invoice.