Check authentication system utilizing payee information
January 18, 2016. Estimated Expiration Date is calculated based on simple USPTO term provisions. It does not account for terminal disclaimers, term adjustments, failure to pay maintenance fees, or other factors which might affect the term of a patent.Patent ReferencesPersonal authority verification system Method and apparatus for preparing and assessing payment documents Verification system for document substance and content Method and apparatus for utilizing multiple data fields for character recognition Multiple cross-check document verification system Counterfeit document detection system Monetary instrument Method for encoding MICR documents Patent #: 5550932 InventorApplicationNo. 588105 filed on 01/18/1996US Classes:382/137, Reading bank checks (e.g., documents bearing E-13B type characters)705/45With paper check handlingExaminersPrimary: Johns, Andrew W.Attorney, Agent or FirmInternational ClassG06K 009/00AbstractA system and method for detecting and thus preventing check fraud utilizing a digital computer with image capture and interpretation systems. The system converts the payee information, issue date and the MICR line information (account number, check number and dollar amount) to a check digit which is then placed into the MICR line of a check, printed on its face or transmitted via the paid issuance file to the drawee bank. The drawee bank, upon presentment utilizes a transformation algorithm to convert the printed payee information and issue date on the check into a numerical value that is combined with MICR line information and a check digit is calculated based upon pre-agreed logic. This unique data processing system quickly confirms properly presented checks while effectively precludes payee and other alterations in a cost effective manner.Other References
Field of SearchDocument or print quality inspection (e.g., newspaper, photographs, etc.)Reading bank checks (e.g., documents bearing E-13B type characters) Reading monetary amount Reading MICR data Including an optical imager or reader PARTICULAR ALGORITHMIC FUNCTION ENCODING DOCUMENT PATTERN ANALYSIS OR VERIFICATION Requiring authorization or authentication With paper check handling | |
