Real time item processing apparatus using a thermal encoder

Details Real time item processing apparatus using a thermal encoder Real time item processing apparatus using a thermal encoder

1985-10-11

1988-03-15

Trafton, David L.

Registers

Record controlled calculators

With printing

235379, 235449, 360 1, G06F 1512

Patent

active

047315245

ABSTRACT:
An apparatus for use in endorsing documents, like checks, in a banking system. A magnetic stripe is printed or encoded on the back of each document entering the processing system. Human readable, endorsement data is also printed next to the magnetic strip at the time that the stripe is being printed. The endorsement data is also magnetically written into a portion of the magnetic stripe during a subsequent, real-time operation to provide both machine-readable and human-readable forms of data to facilitate tracing a document's processing trail through several banks. A low-cost method of providing endorsements on checks through using the MICR encoder to print the usual monetary amount, inverting the check, re-entering the check, and using the MICR encoder to print the endorsement on the back of the check is also disclosed.

REFERENCES:
patent: 3577203 (1971-05-01), Beach
patent: 3692298 (1972-09-01), Peacock
patent: 3949363 (1976-04-01), Holm
patent: 4394092 (1983-07-01), Osmera et al.
"Smartline" by Hayosh, T. D., presented to ANSI x 9B3 on Oct. 17, 1984, by the Burroughs Corporation.

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