Systems and methods for generating transaction receipts
AssigneeFirst Data Corporation
InventorsKerry Sellen, Cheryl Phillips
Life of this patent
Estimating the term…
Abstract
Systems and methods for electronically processing financial transactions involving corporate checks. A front end device at a location associated with a merchant and a check processing service configured to detect and process corporate checks. In one embodiment, the detection of the corporate check is achieved at the front end device by reading of an auxiliary on-us field in the check's magnetic ink character recognition (MICR) line. Such information denoting the check as a corporate check is used by the check processing service to at least partially base its assessment of whether to approve and process the corporate check electronically.
Claims74
A method of generating a receipt for a check received at a merchant location, the method comprising:
- scanning the check to obtain information about the check that facilitates electronic processing of the check wherein the information about the check includes a magnetic ink character recognition (MICR) line imprinted on the check;
- identifying the scanned check as a corporate check if the MICR line includes an auxiliary on-us field;
- identifying the scanned check as a non-corporate check if the MICR line does not include an auxiliary on-us field;
- generating a first type of receipt if the scanned check is a corporate check;
- and
- generating a second type of receipt different from the first type of receipt if the scanned check is identified as a non-corporate check.
An apparatus for generating a receipt for a check received at a merchant location, the apparatus comprising:
- a scanning component adapted to scan at least a portion of the check to obtain information about the check wherein the information about the check includes a magnetic ink character recognition (MICR) line imprinted thereon;
- a processor configured to identify the scanned check as a corporate check if the MICR line includes an auxiliary on-us field and identify the scanned check as a non-corporate check if the MICR line does not include an auxiliary on-us field;
- and
- an output component adapted to generate a first type of receipt in response to the processor's determination that the scanned check is a corporate check and generate a second type of receipt different from the first type of receipt in response to determining the scanned check is a non-corporate check.
A method of generating a receipt for a check transaction at a merchant location, the method comprising:
- obtaining information about the check transaction to allow at least a portion of subsequent processing of the check transaction to be performed electronically;
- determining whether the check transaction is a corporate check transaction or a non-corporate check transaction based on whether a field associated with the information about the check transaction is present;
- generating, in response to the determination that the check transaction is a corporate check transaction, a first type of receipt;
- and
- generating, in response to the determination that the check transaction is a non-corporate check transaction, a second type of receipt that is different from the first type of receipt.
A method of conducting a financial transaction, comprising:
- obtaining information about the financial transaction to allow at least a portion of subsequent processing of the financial transaction to be performed electronically wherein the information is obtained via an electronic device associated with a merchant involved in the financial transaction;
- determining, based on the information, whether the financial transaction is a corporate type transaction or a non-corporate type transaction wherein a corporate type transaction involves a corporate check;
- generating, in response to the determination that the financial transaction is a corporate type transaction, a first type of receipt;
- and
- generating, in response to the determination that the financial transaction is a non-corporate type transaction, a second type of receipt different from the first type of receipt.
An apparatus for conducting a financial transaction involving a merchant, comprising:
- an input component that obtains information about the financial transaction wherein the input component is configured to facilitate capture of a field from the information;
- a processor configured to detect the presence of the field wherein the presence of the field indicates that the financial transaction is a corporate type transaction involving a corporate check;
- and
- an output component that generates a first type of receipt in response to detecting the presence of the field and generates a second type of receipt in response to not detecting the field wherein the second type of receipt is different from the first type of receipt.
An apparatus for conducting a financial transaction, comprising:
- a first means for obtaining information about the financial transaction by an electronic device;
- and
- a second means for generating a corporate type receipt if the financial transaction is determined to be a corporate type transaction involving a corporate check based on the information,
- wherein the second means includes means for detecting the presence of a field in the information wherein the presence of the field is indicative that the financial transaction is a corporate type transaction.
Dependencies are inferred from the claim text.