Check authorization system

• US RE30,580 E
• Filed: 10/28/1977
• Issued: 04/14/1981
• Est. Priority Date: 04/12/1961
• Status: Expired due to Term

• Current Assignee: Telecredit Incorporated (Equifax, Inc.)
• Original Assignee: Telecredit Incorporated (Equifax, Inc.)
• Inventors: Katz, Ronald A., Goldman, Robert N.
• Primary Examiner(s): Kilgore, Robert M.
• Application Number:
  US05/846,357
• Time in Patent Office: 1,264 Days
• Field of Search: 340/172.5, 340/149 A, 340/152, 340/149 R, 235/380, 235/419, 235/375, 364/401
• US Class Current: 340/5.86
• 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 20/403 Solvency checks
• CPC Class Codes: G07C 9/00087 electronically
• CPC Class Codes: G07F 7/08 by coded identity card or credit card or other personal identification means without personal verification means G07F7/02

Abstract

A system is disclosed for providing financial status data from a data processing system to a plurality of input units. Operation is based on identification verification, personal history records, and current activity of subjects. Subjects are verified using two classes of identification, one that is characteristic of a subject and another that is arbitrarily assigned. Arbitrary identification signals designate a memory location for a subject'"'"'s status and characteristic identification. A comparison between recorded and inquiry identification confirms a subject'"'"'s identity. The system includes apparatus for accepting and recording identifications for first-time subjects. Memory also registers personal history, for example, negative information on subjects which is provided as one form of status data. Records of a subject'"'"'s recent activity are generated in the memory to indicate another form of status data.

Claims

1. A system for verifying the credit status of a subject comprising:

input means for forming electrical input signals representative of identification for the subject;

memory means having a plurality of storage locations, each for registered signals representative of a status for a subject;

means for addressing the storage locations in said memory means under control of said input signals;

means for manifesting the status signals from an addressed storage location under control of said input signals; and

means for automatically altering said status signals in each storage location by a uniform increment, each time said location is addressed until a predetermined value of said status signals is registered. .Iadd. 12. A system for verifying the credit status of a predetermined subject comprising;

input means for forming electrical input signals representative of identification for the subject;

memory means having a plurality of storage locations, each for registered signals representative of a status for a subject;

means for addressing the storage locations in said memory means under control of said input signals;

means for manifesting the status signals from an addressed storage location under control of said input signals; and

means for automatically altering said status signals in each storage location by a uniform increment, each time said location is addressed until a predetermined value of said status signals is registered. .Iaddend..Iadd. 13. A system for verifying the credit status of a subject, related to number of inquiries, comprising;

input means for forming electrical input signals representative of identification for the subject;

memory means having a plurality of storage locations, each for registered signals representative of a status for a subject;

means for addressing the storage locations in said memory means under control of said input signals;

means for manifesting the status signals from an addressed storage location under control of said input signals; and

means for automatically altering said status signals in each storage location by a uniform increment, each time said location is addressed until a predetermined value of said status signals is registered. .Iaddend..Iadd. 14. A system for veryifying the number-of-inquiries credit status of a subject comprising;

input means for forming electrical input signals representative of identification for the subject;

memory means having a plurality of storage locations, each for registered signals representative of a status for a subject;

means for addressing the storage locations in said memory means under control of said input signals;

means for manifesting the status signals from an addressed storage location under control of said input signals; and

means for automatically altering said status signals in each storage location by a uniform increment, each time said location is addressed until a predetermined value of said status signals is registered. .Iaddend.