8 results about "Cheque" patented technology

Aspects of the embodiments described herein are related to systems, methods, and computer products for detecting fraud in document processing. An incoming document image is received and analyzed to generate a first score representing a confidence level that the incoming document is valid. A signature is detected on the incoming document image and compared with one or more reference signatures to determine a similarity metric. A signature score is determined based on the similarity metric, the signature score representing a confidence level that the signature on the incoming document is valid. A fraud score is determined based on the first score and the signature score. The incoming document is then approved or flagged for potential fraud based on the fraud score, thereby enabling automated fraud detection using multi-factor document and signature analysis.

A method of processing digital checks is provided. The payor enters a payee name and the financial amount to be paid into a digital check software application. The digital check is then transmitted to the payee. The payee is able to view parts of the digital check while some parts of the digital check remain encrypted and unobservable by the payee. The payee then transmits the digital check to a financial services provider. The financial services provider decrypts the digital check and may perform analyses on the digital check. The financial services provider then transmits the digital check to the financial institution associated with the payee's bank account. The financial institution settles the digital check using conventional check clearing processes.

Aspects of the disclosure relate to digital check processing. A computing platform may receive a check image from a user device. The computing platform may configure, based on the check image, a digital check for use in conducting transactions between the user device and point of sale devices, which may include generating a QR code for the check. The computing platform may send, to the user device, the digital check, which may enable the user device to execute a transaction with a first point of sale device. The computing platform may receive, from the first point of sale device, a request to execute the transaction. The computing platform may direct an event processing server to process the transaction, which may cause the event processing server to execute a transfer of funds from an account of the initial payor to an enterprise account of the first point of sale device.

In order to detect fraudulent activities in document processing, particularly business checks, systems and methods include integrating front and back image analysis of checks such that endorsement imagery, including handwritten signatures, printed or stamped endorsements, and alphanumeric data, is extracted and analyzed; employing advanced technologies such as optical character recognition and machine learning to derive endorsement features; comparing the extracted features against reference data, including issuance-file records and historical endorsement imagery stored in a multi-institution repository; performing temporal pattern analysis and cross-channel correlation with additional transaction data to enhance anomaly detection; triggering automated responses, such as placing funds holds, rerouting items for review, or initiating breach-of-warranty claims, in response to detected discrepancies; ensuring secure data exchange via encrypted application programming interfaces; and generating tamper-evident audit logs for traceability, whereby fraud detection accuracy is improved, false positives are reduced, and operational efficiency in financial transactions is enhanced.

A method and system to determine an authenticity of a check are disclosed. The method includes receiving a first image of a check and extracting a first set of parameters associated with the first image of the check. Next, the method includes receiving a second image of the check subsequent to a deposit of the check and extracting a second set of parameters associated with the second image of the check. Next, the method includes comparing the first set of parameters with the second set of parameters to determine an overlap between the the two sets of parameters. Next, the method includes generating a check similarity score based on the determined overlap. Thereafter, the method includes determining an authenticity of the check based on a comparison of the check similarity score with a predefined threshold validity score.

1. Name of the product in this design: Graphical User Interface for Check Issuance in Electronic Equipment. 2. Purpose of this design: An electronic device. 3. The key design feature of this product is its graphical user interface. 4. The image or photograph that best illustrates the design's key features: the front view. 5. Purpose of the graphical user interface: for check issuance and issuance record inquiry. 6. Human-computer interaction method of graphical user interface: The main view is the main interface for querying check issuance records; clicking 'Check Issuance' in the record will enter the check issuance interface (Figure 1); enter the relevant information and click 'Issuance', and a prompt interface (Figure 2) will pop up; click 'Yes' to complete the issuance and a 'Check Issuance Successful' interface (Figure 3) will pop up, and then return.

A risk assessment system may include one or more processors and a memory having instructions stored thereon that, when executed by the one or more processors, cause the one or more processors to receive check information associated with a treasury check from a receiving institution. The check information includes a first payee name, a check number, an amount, and a routing number. The instructions cause the processors to send the check information to an issuing treasury institution and to receive, from the treasury institution, a second payee name. The second payee name was printed on the check by the treasury institution. The instructions cause the processors to determine whether the check has already been redeemed at another institution. The instructions cause the processors to provide a response to the receiving institution, the response including the second payee name or an indication of whether the first and second payee name match.