Method and system for verification of checks at a point of sale

Method and system for verification of checks at a point of sale

A method for providing information concerning the availability of funds to cover a check proffered at a point of sale. In one embodiment, the method comprises capturing at the point of sale check transaction information on a bank account from which the check is drawn and transmitting the information...

Ausführliche Beschreibung

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Bibliographische Detailangaben
Hauptverfasser: LEHR DONALD D, GADLEY BY JAEME ILISHA, LANDRUM BY LEANDRA LANE, NORUM LEONARD A, CARDINAL ROBERT J, PALMER LOIS A, CUMMINGS DENNIS J, LANDRUM VERNON L, LANDRUM BY GEORGINA L
Format: Patent
Sprache:eng
Schlagworte:
CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Beschreibung
Zusammenfassung:A method for providing information concerning the availability of funds to cover a check proffered at a point of sale. In one embodiment, the method comprises capturing at the point of sale check transaction information on a bank account from which the check is drawn and transmitting the information to a funds checking computer, receiving at the funds checking computer account information on the bank account from which the check is drawn, the account information having been provided by a bank holding the bank account, determining at the funds checking computer the availability of funds in the bank account to cover the check proffered at the point of sale, and providing to the point of sale a funds availability status message.