Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Reexamination Certificate
2004-07-02
2009-06-09
Abdi, Kambiz (Department: 3692)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
C705S001100, C705S016000, C705S017000, C705S021000, C705S026640, C705S039000, C705S040000, C705S042000, C705S044000, C705S045000, C705S053000
Reexamination Certificate
active
07546261
ABSTRACT:
The present invention provides various features for extracting a user's bank account information for use in facilitating the electronic transfer of funds to or from the user's bank account. One feature of the invention involves a method and system for extracting a bank routing number from character strings provided by a user from the face of a bank check. The method involves receiving from the user a magnetic ink character recognition (MICR) line. A contiguous string of characters within the MICR line that satisfies a checksum test is stored as the bank routing number for the user. A check number and an account number may also be received from the user. A test is performed to verify that the check number, the account number, and the bank routing number all coexist within the MICR line. Another feature of the invention involves a method and system for facilitating the transfer of funds between a buyer and a seller. A bank routing number is determined for the seller as noted above. A credit card account associated with the buyer is then charged to collect funds for purchasing one or more items from the seller, and at least a portion of the collected funds is deposited into the bank account of the seller using the extracted bank routing number.
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Bogosian Matthew T.
Peddy Nicholas K.
Young FuMing
Abdi Kambiz
Amazon Technologies Inc.
Knobbe Martens Olson & Bear LLP
Merchant Shahid R
LandOfFree
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