Method and device for preventing check fraud
OwnerDavid A. Martininventor
Life of this patent
Estimating the term…
Abstract
An inventive check is disclosed including a barcode, which includes at least one of the following pieces of information: the date the check was paid, the amount of the check, the payee, the drawers account number, the banks routing number, and the identifier number of the check. A method for preventing check fraud is also provided, including the steps of attaching a machine readable code on a negotiable instrument, creating a negotiable instrument, the drawee receiving the negotiable instrument, and the drawee scanning the machine readable code. A method is also included for integrating the entire checking process.
Claims14
A method for preventing check fraud, the method comprising the steps of:
- providing a personal identification number;
- providing a payee;
- providing a device for affixing electronic information to a check, verifying the personal identification number, and retrieving further information from an associated customer's checking account;
- processing the check for a purchase;
- printing information onto the check, the information chosen from the group comprising:
- account number, bank routing number, amount of the check, date of the check, account owner, and payee;
- affixing a machine readable code to the check, the machine readable code containing the information;
- payee entering the personal identification number to uniquely identify the account owner;
- and,
- authorizing payment for the check.
A method for preventing fraud at a point of sale transaction, the method comprising the steps of:
- affixing at least an amount payable, in a machine readable format, onto the negotiable instrument;
- entering verifying means for verifying the identity of an account owner;
- and,
- approving the negotiable instrument.
A device for preventing fraud at a point of sale transaction, the device comprising:
- data entry means for entering purchase information;
- an input device for entering a unique identifier;
- affixing means for affixing at least an amount payable, in machine readable format, to the negotiable instrument;
- and,
- verifying means for verifying the unique identifier.
A method for preventing check fraud, the method comprising the steps of:
- reading pre-printed machine readable code on a negotiable instrument;
- verifying identity of account owner;
- and,
- affixing amount payable, in machine readable format, to the negotiable instrument.
Dependencies are inferred from the claim text.