Method and system for creating financial instruments at a plural

Details Method and system for creating financial instruments at a plural Method and system for creating financial instruments at a plural

1994-09-29

1998-07-28

Voeltz, Emanuel T.

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

Automated electrical financial or business practice or...

Finance

705 33, 395240, 395245, 395201, 395235, 235381, G06F 1760, G07G 112

Patent

active

057874050

ABSTRACT:
In the present invention, utilizing a data processing system at one location such as the home office, and another data processing system at a remote location such as a convenience store, an authorized convenience store employee may print financial instruments. According to the present invention, pre-printed forms are not needed in order to print financial instruments. When a financial instrument is to be printed, a valid password must first be entered. Thereafter, the employee may insert blank paper into the printer included within the remote data processing system and print a complete financial instrument. All necessary parameters may be printed by the remote data processing system, including financial institution identification number, account number, financial instrument number, date, amount, and payee. A transaction log may be automatically maintained by the remote data processing system. A log entry may be created each time a financial instrument is created. The log entry may include type of financial instrument created, financial instrument number, date, and amount. This information may be periodically transmitted to the home office data processing system.

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