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US 2003/0225708 A1Published application
System and method for producing and verifying secure negotiable instruments
AssigneeBottomline Technologies (DE) Inc.
InventorsGregory Ernest Park, Timothy P. O'Hagan
Life of this patent
Estimating the term…
Abstract
The present invention relates to producing and presenting negotiable instruments and, more specifically, to printing and presenting checks, which are resistant to forgery or fraud. The negotiable instrument comprises a numeric sequence printed in MICR font upside down across the top face of the negotiable instrument for electronic reading by a MICR reader. The numeric sequence provides for authentication of the payee name and the payment amount by a secure authentication server.
Claims22
A negotiable instrument comprising:
- a payee name printed on the negotiable instrument;
- a payment amount printed on the negotiable instrument;
- a first line of MICR characters printed across the bottom of the negotiable instrument comprising a routing number and an account number;
- a second line of MICR characters printed across the top of the negotiable instrument in an inverted relationship to the first line of MICR characters, the second line of MICR characters comprising a numeric sequence selected from the group consisting of:
- a numeric sequence representing the result of operating a hash function on at least a portion of the payee name and the payment amount;
- a numeric sequence representing an encrypted representation of at least a portion of the payee name and the payment amount;
- and
- a numeric sequence representing a compressed representation of at least a portion of the payee name and the payment amount.
5 more elements
A negotiable instrument comprising:
- a payee name printed on the negotiable instrument;
- a payment amount printed on the negotiable instrument;
- a numeric sequence printed on the negotiable instrument, the numeric sequence comprising a hashed number representing the result of operating a hash function on at least a portion of the payee name and the payment amount;
- an identification of an authentication server printed on the negotiable instrument whereby alteration of the payee name and the payment amount printed on the negotiable instrument may be detected by:
- reporting at least a portion of the payee name and the payee amount printed on the negotiable instrument to the authentication server which operates the hash function to calculate a second hashed number;
- and
- comparing the hashed number with the second hashed number.
4 more elements
A negotiable instrument comprising:
- a payee name printed on the negotiable instrument;
- a payment amount printed on the negotiable instrument;
- a numeric sequence printed on the negotiable instrument, the numeric sequence comprising an encrypted number representing the result of operating an encryption function on at least a portion of the payee name and the payment amount;
- an identification of an authentication server, that deciphers the encrypted number whereby alteration of the payee name and the payment amount printed on the negotiable instrument may be detected by:
- reporting the encrypted number to the authentication server which recovers the at least a portion of the payee name and the payment amount;
- and
- comparing the at least a portion of the payee name and payment amount recovered by the authentication server with the payee name and the payee amount on the negotiable instrument.
4 more elements
A negotiable instrument comprising:
- a payee name printed on the negotiable instrument;
- a payment amount printed on the negotiable instrument;
- a numeric sequence printed on the negotiable instrument, the numeric sequence comprising a compressed number representing the result of operating a compression function on at least a portion of the payee name and the payment amount;
- an identification of an authentication server, that stores an authenticated payee name and an authenticated amount, printed on the negotiable instrument whereby alteration of the payee name and the payment amount printed on the negotiable instrument may be detected by:
- identifying the negotiable instrument to the authentication server;
- and
- comparing the authenticated payee name and the authenticated amount to the payee name and the payee amount on the negotiable instrument.
4 more elements
Dependencies are inferred from the claim text.