Automatic check card issuing apparatus

Details Automatic check card issuing apparatus Automatic check card issuing apparatus

1985-07-26

1988-05-17

Trafton, David L.

Registers

Systems controlled by data bearing records

Banking systems

235493, 360 2, G06F 1530

Patent

active

047452650

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 its convenience. In the conventional process of check negotiation, however, such system involves a vast amount of complicated procedures including several steps of mechanical as well as manual processing. An automatic check card issuing apparatus for issuing check cards to the customer who draws a check from a financial institution such as bank, etc. is a great advantage to the financial institution as well as to the user. Check cards may be promptly issued by a simple operation according to the present invention.

REFERENCES:
patent: 3245697 (1966-04-01), Nugent
patent: 4106062 (1978-08-01), Foote
patent: 4277837 (1981-07-01), Stuckert
patent: 4450348 (1984-05-01), Stockburger et al.
patent: 4454414 (1984-06-01), Benton
patent: 4686357 (1987-08-01), Douno et al.

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