Point of sale devices for converting promissory transactions into debit transactions
AssigneeFirst Data Corporation
InventorsDaniel Ahles, Lara Redmon
Life of this patent
Estimating the term…
Abstract
Systems and methods are provided for using a point of sale device to obtain authorization from a customer to convert the customer's promissory transaction to a direct debit transaction. In an embodiment, the point-of-sale device prints an authorization form for the customer's signature.
Claims33
A point of sale device for converting check transactions into direct debit transactions comprising:
- a magnetic ink character recognition (MICR) reader for reading MICR characters from a check transaction;
- a keypad for entering an amount of the check transaction;
- an interface for transmitting the MICR characters, the amount, and a check authorization transaction request associated with the check transaction to a check acceptance service;
- a display for displaying a decision from the check acceptance service to convert the check transaction to a direct debit transaction;
- and
- a printer for printing an authorization form for obtaining a check writer's authorization authorizing a conversion of the check transaction into the direct debit transaction.
A point of sale device for converting promissory transactions into direct debit transactions comprising:
- an interface for transmitting data associated with a promissory transaction to a check acceptance service;
- and
- a display for displaying a decision from the check acceptance service to convert the promissory transaction to a direct debit transaction.
A point of sale device for converting promissory transactions into direct debit transactions comprising a printer for printing an authorization form for obtaining a check writer's authorization authorizing a conversion of a promissory transaction into a direct debit transaction after a check acceptance service determines a level of risk associated with the promissory transaction is unacceptable.
A method of using a point of sale device to convert a promissory transaction into a direct debit transaction, the method comprising:
- transmitting with a point of sale device data about a promissory transaction to a check acceptance service;
- and
- displaying with the point of sale device a decision from the check acceptance service to convert the promissory transaction to a direct debit transaction.
A point of sale device for converting a promissory transaction into a direct debit transaction comprising:
- a means for obtaining at least one transaction detail associated with a promissory transaction;
- a means for sending the at least one transaction detail, and a promissory transaction request associated with the promissory transaction to a check acceptance service;
- and
- a means for receiving a decision from a check acceptance service to convert the promissory transaction into a direct debit transaction.
Dependencies are inferred from the claim text.