WO2001099072A2 - Secure check processing system and method - Google Patents
Secure check processing system and method Download PDFInfo
- Publication number
- WO2001099072A2 WO2001099072A2 PCT/US2001/041041 US0141041W WO0199072A2 WO 2001099072 A2 WO2001099072 A2 WO 2001099072A2 US 0141041 W US0141041 W US 0141041W WO 0199072 A2 WO0199072 A2 WO 0199072A2
- Authority
- WO
- WIPO (PCT)
- Prior art keywords
- credit card
- account
- check
- central processing
- processing center
- Prior art date
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Classifications
-
- G—PHYSICS
- G07—CHECKING-DEVICES
- G07F—COIN-FREED OR LIKE APPARATUS
- G07F7/00—Mechanisms actuated by objects other than coins to free or to actuate vending, hiring, coin or paper currency dispensing or refunding apparatus
- G07F7/08—Mechanisms actuated by objects other than coins to free or to actuate vending, hiring, coin or paper currency dispensing or refunding apparatus by coded identity card or credit card or other personal identification means
-
- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q20/00—Payment architectures, schemes or protocols
- G06Q20/04—Payment circuits
- G06Q20/042—Payment circuits characterized in that the payment protocol involves at least one cheque
-
- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q20/00—Payment architectures, schemes or protocols
- G06Q20/38—Payment protocols; Details thereof
- G06Q20/40—Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
- G06Q20/403—Solvency checks
- G06Q20/4037—Remote solvency checks
Definitions
- the present invention relates to a secure check and/or credit card processing system and method for lessening the possibility of check fraud committed against financial institutions.
- the present invention relates to a secure check processing system and method that utilizes a central processing or transaction center.
- Fraudulent banking and merchant transactions are a continual and costly problem for financial institutions and merchants, and one which they always try to combat.
- One fraudulent banking transaction involves a scheme whereby counterfeit checks, written on the same account, are cashed at several branches of the same financial institution, or at different financial institutions, at substantially the same time. The account on which each check is written has sufficient funds to cover only one of these checks.
- a similar type of fraudulent transaction may be performed at different merchant establishments at the same time.
- Each of the counterfeit checks is cashed by the respective branch at which it is presented, because the computer at each respective branch indicates sufficient funds in the account for the particular check being cashed.
- the transaction processor includes a file of customers who are entitled to verify checks.
- Each check verifier has an identification card containing a unique number for each customer, and a personal customer code, which is not on the card, is also provided for manual entry into an input terminal by the customer.
- Check verification is then established, without the need to know the account balance of a particular account being drawn against.
- the check verifier must respond to a check request before the check can be verified at a point- of-use terminal, as well as requiring the customers to have the identification card with them when a financial institution transfer is being made. Also, such a system may not effectively counteract the fraudulent check cashing scheme described above.
- the present invention is directed to a method of verifying a check presented to one of a plurality of financial institutions and/or merchant establishments.
- the method includes a step of recording, on the check, information regarding an account against which the check is to be drawn, a financial institution having the account which is to be drawn against, and a central processing center.
- the method also includes a step of continuously storing, at the central processing center, current account information with respect to all accounts of the plurality of financial institutions.
- the method further includes a step of sending to the central processing center, through a communication channel connecting the one financial institution and the central processing center, the information regarding the one check presented at the one financial institution.
- the method still further includes a step of determining, at the central processing center, whether or not there are sufficient funds to cover the one check in the account against which the check is to be drawn.
- the method also includes either a step of provisionally debiting the account, and notifying the one financial institution that the check can be drawn against the account, once it is determined that sufficient funds are present in the account to cover the one check.
- the method further includes a step of notifying the one financial institution that the check cannot be drawn against the account if it is determined that insufficient funds are present in the account to cover the check.
- the present invention is also directed to an apparatus for determining whether a check can be drawn against a particular account against which the check is presented.
- the apparatus includes a central processing center having a memory for continuously storing information related to accounts of a plurality of financial institutions that are communicatively coupled to the central processing center.
- the apparatus also includes a plurality of communication channels respectively connecting the plurality of financial institutions with the central processing center.
- the apparatus further includes reading units in each of the plurality of financial institutions, the reading units configured to read the check presented at one of the plurality of financial institutions and to send information stored on the one check to the central processing center.
- the central processing center further includes a processor to determine, based on the stored information in the memory and the received information from the reading units, whether sufficient funds are present in the particular account to cover the one check.
- the processor is configured to send a pay authorization or a refusal to the one financial institution at which the one check was presented, depending on whether or not sufficient funds are present in the account to cover the check.
- the central processing center sends an inquiry to a respective financial institution that has the particular account, and receives information from the respective financial institution as to whether or not sufficient funds are present in the account to cover the check. In this alternative embodiment, much less information is needed to be stored at the central processing center with respect to the other embodiment.
- Figure 1 shows one example of a location of information on a check that is used by a processing center, according to the present invention
- Figure 2 shows a block diagram of a secure check processing system communicatively connected to financial institutions and merchant establishments, according to a first or second embodiment of the present invention
- Figure 3 shows a block diagram of a central processing center according to the present invention.
- Figure 4 shows a block diagram of a central processing center communicatively connected to credit card companies, financial institutions, and merchant establishments, according to a third or fourth embodiment of the present invention.
- the present invention is directed to a system and a method for lessening the possibility of fraudulent banking and/or fraudulent merchant transactions, by the use of a national, regional, or international processing center that is accessible by computer to all banking establishments and merchant establishments participating in the system.
- a processing center will be assigned a unique numeric code of a plurality of digits.
- the number of digits for the unique code will be determined based on the number of processing centers in the system, as well as the security code utilized for the information transfer between financial institutions and merchant establishments and processing centers.
- only one processing center exists in the system.
- other processing centers may co-exist, such that these processing centers have the capability to retrieve information from each other in a quick and easy manner, such as via the Internet or World Wide Web using encrypted data, or via dedicated lines or any remote signaling or transmission system communicatively connecting these processing centers to each other.
- each processing center of the plurality of processing centers in the network has its own unique code.
- the use of several processing centers relieves the bottleneck that may occur if only one processing center is utilized, whereby each processing center may be assigned to a particular region (e.g., Southeastern United States, Western United States, Eastern United States, Midwestern United States) to obtain updated account balance information from participating financial institutions in that region.
- a particular region e.g., Southeastern United States, Western United States, Eastern United States, Midwestern United States
- Each financial institution will have its own unique numeric code of a plurality of digits, with the number of digits of the unique code again depending on the total number of different financial institutions in the system, as well as the security code utilized. Also, each customer, or account, will have its own unique digital code of a plurality of digits, with the number of digits of the unique code depending upon the number of accounts in the financial institution that has the largest number of accounts, as well as the particular security code utilized.
- a processing center may be assigned a five-digit number, e.g., 75432.
- a financial institution may be assigned a six-digit number, e.g., 987654 for Bank of America, or 987653 for Suntrust Bank.
- a customer or account may be assigned an eight-digit number, e.g., 98765432. If a customer has more than one account, each account is preferably assigned a different eight-digit number. However, for financial institutions that allow for money to be drawn against other of the customer's accounts or an overdraft line of credit when a particular account that is being drawn against does not have sufficient funds, all of those accounts may be assigned the same eight-digit number for purposes of check verification by the processing center.
- a check may have the following digits placed thereon: 98765432. . . 987654. . . 75432.
- the digits may be placed in any suitable location on the check, such as the front-bottom portion of the check or certain areas on the back of the check.
- the digits may be encoded onto the check in any of a variety of forms, such as, for example, a numeric format, a bar code format a magnetic strip (such as those used with credit cards) with data encoded therein, or any other types of visible or invisible means for encoding or labeling this data on the check.
- the bar code or magnetic strip format will allow for rapid, automatic processing of checks.
- OCR optical character or other recognition device
- the processing of a check with digits for the coded information may be performed as rapidly as a check having bar codes or magnetic strips for the coded information.
- each account will have a personal identification number (PIN) assigned to it, or a NAME code assigned to it, for added security measures.
- PIN personal identification number
- a bank teller or merchant employee When a check is introduced for payment to any financial institution branch or any financial institution participating in the system, or when the check is presented at a merchant establishment (such as a grocery store, a department store, etc.), a bank teller or merchant employee enters the information, which is printed oh the check, into the computer.
- This entering of information may be done either manually or automatically with a device that is configured to read the coded information, such as a bar code scanner for reading bar codes, a magnetic strip reader for reading information on magnetic strips, an OCR device, and the like.
- the processing center maintains an accurate and always current record of each account at each participating financial institution, as well as the current balance in that account.
- the processing center does not maintain any personal identification information, but only stores numbers or characters as an index to a current balance of a particular account.
- the current balance information is preferably updated as soon as an account balance at a participating financial institution changes. That way, the possibility of fraud due to nearly-simultaneous transactions made at a plurality of locations is thwarted by the system and method according to the first embodiment.
- the processing center stores a record of each account of each participatory financial institution, but does not store a current balance of each account. Instead, in the second embodiment, the processing center sends a current balance request to the financial institution from which the check is to be drawn against.
- the processing center Upon reception of information from that financial institution to the processing center concerning the current amount of funds available in the account from which the check is to be drawn against, the processing center notifies the financial institution branch or merchant establishment at which the check is being presented as to whether or not that check can be cashed.
- the processing center provides a data relay function between different financial institutions and financial institution branches of the same branch, and/or a merchant establishment, in a fast and effective manner.
- the memory storage at the processing center is less than in the first embodiment, since account balances for all financial institution accounts using the system and method according to the invention is not stored at the processing center.
- the processing center determines whether there are sufficient funds in the account to be drawn against, and if so, the account is provisionally debited at the processing center until such time as the actual check clears the system through the Automated Clearing House (ACH) currently used by all financial institutions.
- ACH Automated Clearing House
- the processing center notifies the second financial institution to provisionally debit the relevant account, even though the check has not cleared through the ACH.
- the provisional debit becomes a true debit on the account.
- a provisional debit is treated the same as an actual debit on an account.
- Such clearance can be either at the processing center or at a financial institution's own transaction center, so long as the processing center eventually gets the account balance from its participatory financial institutions.
- any branch of a financial institution or any merchant establishment can make an instant assessment as to the availability of funds to cover a check that is presented at that financial institution. For example, assume an account #101 at Financial institution #5 has a balance of $1000. When customer A arrives at a Walmart store at 10:00 a.m. on May 15, 1998 with a check for $990 to be drawn against account #110 at Financial institution #5, that check will have information related to the account number (101), the financial institution number which maintains the account against which the check is to be drawn (5), and the processing center that is to receive that information. Such a check 50 is shown in Figure 1, with the pertinent information being read off the bottom-right-hand portion of the check 50.
- the beginning digits 98765432 correspond to the pertinent account number (101)
- the middle digits 987654 correspond to Financial institution #5
- the ending digits 75432 correspond to the processing center.
- a cashier at the Walmart store enters the pertinent data (either manually or automatically) read from the check 50, and those data are sent immediately to the processing center.
- the digits (55317281101) shown on the bottom-left portion of the check 50 correspond to the information that is currently used by all financial institutions to route checks through the banking system.
- the processing center also sends back information to the Walmart store, informing the store that the check can be drawn against the relevant account.
- the total time for accomplishing this transaction is typically very short, and may only take from a few seconds up to a minute or so to complete.
- the processing center inquires at Financial institution #5 (that is, the financial institution issuing the check) as to the current balance in account #110.
- the processing center Based on the information sent to the processing center from Financial institution #5, the processing center informs the Walmart store as to whether or not the check can be cashed. If the check can be cashed, processing center notifies Financial institution #5 so that it can provisionally debit account #110. In the second embodiment, there is no checking of stored account balance information at the processing center, as is done in the other embodiment. Rather, the processing center sends requests to relevant financial institutions in order to determine current balances on accounts to be drawn against. Now assume another customer, customer B, arrives at Financial institution
- the processing center inquires at Financial institution #5 as to the current balance in account #110. Based on the information sent to the processing center from Financial institution #5, in which Financial institution #5 informs the processing center that account #110 has been provisionally debited to $10, the processing center informs Financial institution #12 that the check for $990 cannot be drawn against the relevant account.
- Figure 2 shows a structure of the system according to either the first or second embodiments of the invention.
- Financial institutions and/or Merchant Establishments 1 - 10 are connected to Processing Center 21 via secure communication lines 11-20, respectively.
- the means of security can be by a variety of conventional methods, such as using a private key /public key system, or the like.
- the processing center 21 has a bank of modems 30 to communicate with the financial institutions or merchant establishments 1 - 10 over the secure communication lines 11-20.
- the processing center 21 also has a memory 40.
- memory 40 stores information as to current account balances for accounts at each of the financial institutions 1 - 10. Based on that stored information as well as the received information over the secure communication line 11, a computer 35 at the processing center 21 determines whether the account that a check is drawn against has sufficient funds at the present time.
- memory 40 does not store information as to all current account balances, but only stores information as to account balances for accounts to be drawn against due to submission of checks against those accounts.
- the processing center 21 requests information as to those relevant accounts to be drawn against from the pertinent financial institutions via lines 11 - 20, and stores the received information in the memory 40.
- the processing center 21 has stored in the memory 40 information corresponding to account numbers and financial institutions. There is not stored any personal information in the memory 40, such as the name of a particular person who owns a particular financial institution account. That way, anonymity is maintained for all financial institution customers using the present invention.
- the financial institutions or merchant establishments 1 - 10 transmit information related to changes in their respective accounts to the processing center via communication lines 11-20 as soon as these changes take place. For example, if an account has a direct deposit made to it, that information is relayed to the processing center 21 immediately by the financial institution receiving the transfer of funds.
- the processing center 21 always has stored therein a current status of all accounts in the participating financial institutions or merchant establishments 1 - 10. In the second embodiment, this updating of information in the memory 40 is not required, since the processing center 21 will send a request to the pertinent financial institution for an account balance at the time a request from another financial institution or merchant establishment (at which a check has been presented for cashing) has been made.
- an account holder or a financial institution branch or a merchant establishment needs to communicate with the processing center to fix a problem, such as when a customer claims an error in that the account surely must have enough funds to cover a particular check, then, in the present invention, the customer must provide his or her special PIN number or NAME code (e.g., mother's maiden name) for identification.
- PIN number or NAME code e.g., mother's maiden name
- the customer may also hold a valid identification card bearing his or her picture and/or fingerprint, which can be used to authenticate the customer.
- the fingerprint could also be scanned by a fingerprint identification machine at the financial institution, if one is available, in order to determine the true identification of the customer desiring to cash a check.
- identification cards and fingerprint records can be counterfeited or stolen, in the present invention, the financial institution's exposure is limited to the balance in the account, and no more. Also, a computer at the processing center can be used to monitor the number of checks, frequency of check cashing, and location of presentation, with certain patterns setting off a signal requiring confirmation of the individual presenting the check.
- the processing center may then determine that a precise identification of the drawee is required, even though the account has sufficient funds for the check being presented to a financial institution in Las Vegas. This precise identification may be made by the above-mentioned fingerprint record or identification card that now has be presented by the drawee to a teller in the financial institution or a cashier in a merchant establishment in Las Vegas.
- the processing center may have computers programmed to require additional information from drawees for a variety of reasons, even when the check being presented for cashing can be accommodated by the account from which it is drawn against.
- the drawee in Las Vegas may still be required to show more detailed proof of his or her identity, due to the unusual transaction (based on prior history) of a withdrawal being made outside of New Jersey.
- the present invention allows for a financial institution check security system that codes all checks for verification, where the coded information from these checks are presented to a regional, national, or international financial institution processing center.
- a financial institution check security system that codes all checks for verification, where the coded information from these checks are presented to a regional, national, or international financial institution processing center.
- information regarding credit cards is interconnected via the central processing center described with respect to either the first or second embodiments. That way, the central processing center is connected to obtain access to a customer's credit card accounts, such as a VISA, MasterCard, or American Express accounts. That way, instead of having to contact a different phone number based on the credit card being submitted to a merchant, one central number, that being the number to the central processing center, is all that is required. Similar to the check approval process described above, a credit card approval may be accomplished by the merchant contacting the central processing center, such as by a modem dial-up connection, and then having the central processing center deteraiine if the particular credit card being submitted by a customer can be approved for a particular transaction with the merchant.
- a credit card approval may be accomplished by the merchant contacting the central processing center, such as by a modem dial-up connection, and then having the central processing center deteraiine if the particular credit card being submitted by a customer can be approved for a particular transaction with the merchant.
- the central processing center obtains current information with respect to the current credit amount on the credit card, from a secure connection between the central processing center and the pertinent credit card company's computer. If the credit card transaction is approved, the customer's credit card account is updated to reflect the additional credit amount placed on the customer's credit card. In one configuration, similar to the first embodiment described above, the central processing center updates its stored information to reflect the increased credit amount for the customer's credit card. Like the first embodiment, the central processing center "provisionally" debits the customer's credit card credit balance to obtain a new credit card balance.
- the central processing center when another credit card transaction request for the same credit card is received by the central processing center immediately after it has accepted a credit card transaction for the same credit card, it will use the new credit card balance to determine if the other credit card transaction request is to be accepted. This will counter one type of fraudulent transaction whereby near-simultaneous credit card transaction requests are made at different locations.
- the central processing center does not store any credit card account amount information, but rather obtains a customer's current credit card account balance from the pertinent credit card company when it sends a credit card account balance request to the credit card company based on the current credit card transaction request that was forwarded to it from a merchant establishment.
- the central processing center can determine whether or not the current credit card transaction is to be approved or not. Or, alternatively, the credit card company can send a "deny transaction" signal or command back to the central processing center, which forwards that information to the merchant establishment.
- the credit card approval will typically be based on the credit card limit for a particular credit card account.
- the inclusion of the credit card information, according to the third embodiment, along with the check and financial institution account balance information according to the first or second embodiments, allows for a "one-stop" central processing center that can determine whether a particular check or credit card transaction is acceptable at a financial institution or merchant establishment. This determination is made by way of the financial institution or merchant establishment contacting the central processing center by way of a single communications channel (e.g., telephone call or Internet connection).
- a single communications channel e.g., telephone call or Internet connection
- the financial institution or merchant establishment does not have to use different phone numbers in order to verify a particular method of payment (e.g., one phone number to verify a check, another phone number to verify a VISA credit card, and yet another phone number to verify a MasterCard credit card).
- the credit card has a first set of digits and/or characters that represent a particular central processing center (for the case where there is more than one central processing center in the system), a second set of digits and/or characters that represent a credit card service (or type) that issued the credit card, and a third set of digits and/or characters that are used to interconnect the credit card with other credit cards and/or checking accounts of the same account holder.
- the credit card would optionally have a fourth set of digits and/or characters that identify the relevant financial institution (or institutions) with checking accounts of the same account holder. Lastly, the credit card has another set of digits and/or characters that provide for individual account identification.
- financial institutions e.g., banks
- existing credit card services such as VISA and Mastercard, can also be linked to accounts of the same account holder that are held with other financial institutions.
- the links from the central processing center to each of these entities are via secure communications channels.
- Each of the different sets of digits and/or characters are preferably magnetically encoded onto the magnetic strip on the back side of the credit card. These digits and/or characters may also be encoded onto the credit card by other ways, such as those explained earlier with respect to bank checks.
- credit card transactions and check transactions are linked via the central processing center (or centers), and thereby linked with financial institutions that are connected to the central processing center. That way, checking accounts and one or more credit cards can be linked, so that debits to a checking account can be made, optionally, from credit card purchases. In this way, a customer can link these through his financial institution, and the financial institution can establish its own credit/debit card system for the customer.
- Figure 4 shows a system in which financial institutions 410-420 are communicatively connected to a central processing center 405, credit card companies 421-425 are communicatively connected to the central processing center 405, and merchant establishments 426-430 are communicatively connected to the central processing center 405.
- Each of these connections is preferably by way of a secure communications link (e.g., encrypted, such as by a public key/private key system).
- a secure communications link e.g., encrypted, such as by a public key/private key system.
- the customer may be provided with a credit card having a certain credit limit, say $1000.00 for example.
- Amounts in excess of this limit would be debited from the customer's checking account, either with or without a limit, so long as it does not exceed the balance in the customer's checking account (which is debited for ail checks cashed and credit card transactions instantaneously through the central processing center).
- This system results in linking credit card accounts and checking accounts, which may be with two separate institutions.
- the central processing center in which no current credit card balance or financial account balance information is stored at the central processing center, when the $50.00 credit card purchase request was received by the central processing center, it would contact the relevant credit card company to determine the current credit card balance ($980.00). The central processing center would also contact the relevant financial institution to determine the customer's current account balance ($500.00). This can be done at the same time via separate, secure communications link to the credit card company and to the financial institution. Based on information received from the credit card company and the financial institution, the central processing center would determine if the credit card purchase request is to be accepted, and whether or not the request is to be accepted based only on the credit card account or based on a combination of the credit card account and the customer's financial institution account (or accounts). If the credit card transaction is to be accepted, updated information with respect to a new credit card credit balance and a new financial institution account balance is respectively forwarded to the credit card company and the financial institution via secure communication links.
Abstract
Description
Claims
Priority Applications (3)
Application Number | Priority Date | Filing Date | Title |
---|---|---|---|
AU2002215494A AU2002215494A1 (en) | 2000-06-20 | 2001-06-20 | Secure check processing system and method |
EP01984044A EP1297507A2 (en) | 2000-06-20 | 2001-06-20 | Secure check processing system and method |
JP2002503839A JP2003536182A (en) | 2000-06-20 | 2001-06-20 | Secure check processing system and method |
Applications Claiming Priority (2)
Application Number | Priority Date | Filing Date | Title |
---|---|---|---|
US59716300A | 2000-06-20 | 2000-06-20 | |
US09/597,163 | 2000-06-20 |
Publications (3)
Publication Number | Publication Date |
---|---|
WO2001099072A2 true WO2001099072A2 (en) | 2001-12-27 |
WO2001099072A3 WO2001099072A3 (en) | 2002-08-29 |
WO2001099072B1 WO2001099072B1 (en) | 2002-10-10 |
Family
ID=24390362
Family Applications (1)
Application Number | Title | Priority Date | Filing Date |
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PCT/US2001/041041 WO2001099072A2 (en) | 2000-06-20 | 2001-06-20 | Secure check processing system and method |
Country Status (4)
Country | Link |
---|---|
EP (1) | EP1297507A2 (en) |
JP (1) | JP2003536182A (en) |
AU (1) | AU2002215494A1 (en) |
WO (1) | WO2001099072A2 (en) |
Cited By (2)
Publication number | Priority date | Publication date | Assignee | Title |
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JP2005519397A (en) * | 2002-03-04 | 2005-06-30 | クリエイティブ・オン−ライン・テクノロジーズ・リミテッド | Electronic transfer system |
US7753268B1 (en) | 2002-05-10 | 2010-07-13 | Phoenix Check Cashing, Inc. | System and method for negotiable instrument cashing transaction assistance procedures |
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US4109238A (en) | 1975-10-06 | 1978-08-22 | 1St Natl. Bank Of Atlanta | Apparatus for verifying checks presented for acceptance |
US4747050A (en) | 1983-09-17 | 1988-05-24 | International Business Machines Corporation | Transaction security system using time variant parameter |
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JPS613277A (en) * | 1984-06-15 | 1986-01-09 | Omron Tateisi Electronics Co | Terminal device for transaction processing |
US5783808A (en) * | 1996-01-11 | 1998-07-21 | J. D. Carreker And Associates, Inc. | Electronic check presentment system having transaction level reconciliation capability |
US5649116A (en) * | 1995-03-30 | 1997-07-15 | Servantis Systems, Inc. | Integrated decision management system |
AU8596098A (en) * | 1997-07-25 | 1999-02-16 | Main Street Marketing | Automated credit card payment system |
US6038552A (en) * | 1997-12-10 | 2000-03-14 | The Chase Manhattan Bank | Method and apparatus to process combined credit and debit card transactions |
US6036344A (en) * | 1998-06-10 | 2000-03-14 | Goldenberg; David Milton | Secure check processing system and method |
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2001
- 2001-06-20 JP JP2002503839A patent/JP2003536182A/en active Pending
- 2001-06-20 EP EP01984044A patent/EP1297507A2/en not_active Withdrawn
- 2001-06-20 WO PCT/US2001/041041 patent/WO2001099072A2/en active Application Filing
- 2001-06-20 AU AU2002215494A patent/AU2002215494A1/en not_active Abandoned
Patent Citations (2)
Publication number | Priority date | Publication date | Assignee | Title |
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US4109238A (en) | 1975-10-06 | 1978-08-22 | 1St Natl. Bank Of Atlanta | Apparatus for verifying checks presented for acceptance |
US4747050A (en) | 1983-09-17 | 1988-05-24 | International Business Machines Corporation | Transaction security system using time variant parameter |
Cited By (3)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
JP2005519397A (en) * | 2002-03-04 | 2005-06-30 | クリエイティブ・オン−ライン・テクノロジーズ・リミテッド | Electronic transfer system |
JP2010102731A (en) * | 2002-03-04 | 2010-05-06 | Creative On-Line Technologies Ltd | Electronic transfer system |
US7753268B1 (en) | 2002-05-10 | 2010-07-13 | Phoenix Check Cashing, Inc. | System and method for negotiable instrument cashing transaction assistance procedures |
Also Published As
Publication number | Publication date |
---|---|
WO2001099072A3 (en) | 2002-08-29 |
AU2002215494A1 (en) | 2002-01-02 |
WO2001099072B1 (en) | 2002-10-10 |
EP1297507A2 (en) | 2003-04-02 |
JP2003536182A (en) | 2003-12-02 |
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