Check fraud prevention system

Details Check fraud prevention system Check fraud prevention system

1997-09-29

2000-06-06

Trammell, James P.

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Finance

380 3, 380 4, 380 23, 380 21, 235380, 235379, G06F 1760

Patent

active

060731214

ABSTRACT:
A method which improves check fraud prevention systems both in printing and verifying checks at their entry points. The method operates by printing on each issued check, a line of encrypted machine-only readable symbols such as a bar-code that contains all the information printed on the check, using a special, key-selectable encryption algorithm. When a check is presented to a bank teller or a cashier, a required, modified reader/decoder device connected to a computer, will read the line of encrypted data and identify a fraudulent check for rejection. The method requires primarily computer software additions and changes. Expensive replacement of existing equipment is avoided.

REFERENCES:
patent: 4357529 (1982-11-01), Atalla
patent: 5239583 (1993-08-01), Parrillo
patent: 5594225 (1997-01-01), Botvin
patent: 5890141 (1999-03-01), Carney et al.

Affiliated with

Also associated with

Rating

Check fraud prevention system does not yet have a rating. At this time, there are no reviews or comments for this patent.

If you have personal experience with Check fraud prevention system, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Check fraud prevention system will most certainly appreciate the feedback.

Rate now

Comments { 0 }

Profile ID: LFUS-PAI-O-2223095