Image based positive pay checking system
AssigneePitney Bowes Inc.
InventorThomas J. Foth
Life of this patent
Estimating the term…
Abstract
A method of processing a check issued by a payor includes creating a check image at a payor location, obtaining positive pay data from the image at the payor location using OCR and transmitting the positive pay data to a payor bank of the payor. Alternatively, the positive pay data may be generated by the payor bank from the check image received from the payor. The positive pay data includes at least a name of a payee of the check and a payment dollar amount of the check, but may also include one or more of a date of the check, a serial number of the check, and an account number of the account on which the check is drawn. The positive pay data is stored by the payor bank and used to detect potential fraud when the check is later presented to the bank for payment.
Claims8
A method of processing a check issued by a payor and drawn on an account at a bank of said payor, comprising:
- utilizing a check scanning device at a payor location to scan said check and electronically transmit an image of said check;
- receiving electronically from said payor and at said bank an electronic image of said check generated by said check scanning device at the payor location;
- creating electronically positive pay file from said electronic image of said check using optical character recognition, said positive pay file including at least a name of a payee of said check and a payment dollar amount of said check;
- storing electronically said positive pay file;
- receiving electronically at said bank a request to make payment on said check, said request including a representation of said check;
- obtaining check information from said representation of said check;
- from a payee;
- accessing said positive pay file;
- determining whether one or more discrepancies exist between said check information and said positive pay file;
- and
- making electronically payment on said check only if it is determined that one or more discrepancies do not exist between said check information and said positive pay file.
Dependencies are inferred from the claim text.