Method for confirming settled check cards and check card drawing

Details Method for confirming settled check cards and check card drawing Method for confirming settled check cards and check card drawing

1985-06-19

1987-08-11

Pitts, Harold I.

Registers

Systems controlled by data bearing records

Banking systems

235419, 235489, G06K 500

Patent

active

046863575

ABSTRACT:
In commercial transactions, settlement is conventionally made by cash or by checks drawn from a current account in a bank. Users of such checking system enjoy the convenience. In the conventional process of check negotiation, however, such system involves a vast amount of complicated procedures including several steps of mechanical processing as well as manual handling. There is also a risk of illicit use if the check book is lost or stolen unless the loss or theft thereof is reported to the bank immediately. Collation of the settled checks returned to the drawer with the record of drawing further complicates the process. This invention method enables to process a drawn check card, and identify a settled check card with an automatic and yet simple operation, thus improving the check card negotiation system.

REFERENCES:
patent: 3624357 (1971-11-01), Wright
patent: 4053735 (1977-10-01), Foudos
patent: 4321672 (1982-03-01), Braun

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