41 results about "Cheque" patented technology

Aspects of the embodiments described herein are related to systems, methods, and computer products for performing automatic check fraud detection. Aspects of embodiments described herein provide artificial intelligence systems and methods that analyze an image of an incoming check, compare the features of the image to the associated features on a reference check, and generate a check fraud score based on the comparison, and either approve the incoming check or flag the incoming check for manual review.

Systems and methods for distributed ledger-based check verification are disclosed. In one embodiment, a method may include a bank backend computer program: (1) receiving, from a computer application executed by an electronic device, an image of a presented check as part of an electronic check deposit process; (2) performing optical character recognition on the image of the presented check; (3) generating a text file based on the optical character recognition; (4) querying a distributed ledger in a distributed ledger network to determine whether the presented check has been presented or cleared before; (5) determining that the presented check has not been presented or cleared before; (6) processing the presented check for deposit; and (7) writing the text file for the presented check to the distributed ledger.

The invention relates to an exchange for paper check transactions via an interbank information network (IIN) architecture. An embodiment of the present invention provides a marketplace for secure collection, assignment and distribution of payments and data from paper check transaction originators to lockbox providers. This eliminates paper checks, resulting in faster deposit into client accounts, better management of payment exceptions, and reduction in overall operating costs. The IIN architecture provides a global platform using blockchain technology for real-time interconnected flow of information that address immediate pain points across the financial industry and enable new services. With an embodiment of the present invention, a distributed network may streamline process for resolving compliance based inquiries and provide global beneficiary account validations. An embodiment of the present invention provides a platform / ecosystem that network participants may use to deliver value-added service applications to other network participants.

The invention relates to a method for producing value documents (1), such as banknotes, checks, credit cards or other payment cards, identity cards or the like. A substrate body (2) having a front side (3) and a rear side (4) is provided, and a printing layer (6) is printed onto the front side (3) of the substrate body (2) using a first ink (5) and a second ink (15). The magnetically orientable pigment is orientated using a magnet device (11), and then the magnetically orientable pigment is fixed by a curing matrix in the orientated state using a curing device (13). At least the first ink (5) is printed in a digital printing process by means of a first print head (7) which releases the first ink (5) in a dot grid in the form of drops such that the printed layer (6) forms a digital printed layer at least with respect to the first ink (5), the first ink (5) and the second ink (15) having two different colors, and the magnetically orientable pigments each comprise a multi-layer composite structure comprising at least a magnetic layer.

Methods and systems for processing a financial instrument, such as a check, are provided. An example method includes performing a text extraction process on a check image to obtain check textual information, and decoding an intelligent mail barcode (IMB) in the check image to obtain a character code. The method further includes utilizing the character code to extract encoded check information including a payee ZIP code from the IMB. The method also includes performing a fraud detection process on the check image based on at least one of (1) scores generated during the text extraction process, or (2) inconsistency between the check textual information and the encoded check information.

Methods and systems for processing a financial instrument, such as a check, are provided. An example method includes performing a text extraction process on a check image to obtain check textual information, and decoding an intelligent mail barcode (IMB) in the check image to obtain a character code. The method further includes utilizing the character code to extract encoded check information including a payee ZIP code from the IMB. The method also includes performing a fraud detection process on the check image based on at least one of (1) scores generated during the text extraction process, or (2) inconsistency between the check textual information and the encoded check information.

The invention relates to a method for producing a security document (1), such as a banknote, a check, a credit or other payment card, an identification card, or the like. A substrate body (2) having a front (3) and a back (4) is provided, and a printing layer (6) is printed onto the front (3) of the substrate body (2) using a first ink (5) and a second ink (15), both comprising magnetically alignable pigments. The magnetically alignable pigments are aligned using a magnetic device (11) and subsequently fixed in the aligned state by curing a matrix using a curing device (13).-At least the first ink (5) is printed in a digital printing process by means of a first printhead (7) which dispenses the first ink (5) in droplet form according to a dot matrix, so that the printing layer (6) is formed as a digital printing layer at least with respect to the first ink (5), wherein the first ink (5) and the second ink (15) have two different colors, and the magnetically alignable pigments each comprise a multilayer composite which includes at least one magnetic layer.

A method for operating a check authentication system using a smart pen is disclosed. The method comprising: printing a uniquely identifiable micro dot pattern on a check paper, and storing a check image corresponding to the check paper in a server; recognizing the micro dot pattern using a smart pen; transmitting recognition information regarding the recognized micro dot pattern to the server; extracting and loading the stored check image, using the transmitted recognition information; generating check input information based on sensing information collected by the smart pen, while the check information is written on the check paper via the smart pen; transmitting the generated check input information to the server; entering the transmitted check input information on the loaded check image; transmitting the check image including the check input information to a recipient terminal; determining whether an agreement action is entered for the transmitted check image; and requesting a bank server to debit an account of a check issuer by an amount included in the check input information, when the agreement action is entered.

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.

Remote deposit of checks can be facilitated by a financial institution. A customer's general purpose computer and image capture device may be leveraged to capture an image of a check and deliver the image to financial institution electronics. Additional data for the transaction may be collected as necessary. The transaction can be automatically accomplished utilizing the images and data thus acquired.

The invention relates to a security element for producing value documents, such as banknotes, checks or the like. The security element (4) has a front side (2) and a rear side (78). The security element (4) has a main body (37) which comprises a lattice structure (38, 49) extending over a region, on which a reflective layer (52) is arranged, and which shows at least one color in plan view and / or transmissive. The lattice structure (38, 49) has at least two sub-regions (10-14 and 22-32) which are not recognizable in the visible spectral range, in which sub-regions the lattice structure (38, 49) are each uniformed, and wherein the lattice structure (38, 49) differs between the sub-regions (10-14 and 22-32) with respect to at least one lattice structure parameter (h, d), the sub-regions (10-14 and 22-32) are arranged such that the sub-regions (10-14 and 22-32) differ with respect to their absorption in the near-infrared range.

A system and method for authenticating a check. The system includes a back-end server operating a digital application and having a processor for processing data and information, a communications interface communicatively coupled to the processor, and a memory device storing data and executable code. When the code is executed, the processor can assign an NFT to an image of the check using a blockchain platform, and verify the authenticity of the check using the NFT and the blockchain platform. The NFT is assigned to the image of the check by a preparer of the check and the check can be authenticated by a recipient or payee of the check and a bank that receives the check as a deposit or a cashing entity of the check.

A multi-platform escrow system for private construction projects is disclosed, providing robust deposit, verification, and dispute resolution functionalities. The invention integrates various payment methods—including online gateways, bank transfers, manager’s checks, and cash deposits—into a single escrow account. Contractors submit billing documentation through web portals, mobile apps, spreadsheets, or manual means, which a proprietary audit algorithm crossreferences against contractual milestones. The system features conditional disbursement that automatically withholds or releases funds based on compliance, augmented by a dispute resolution mechanism for contested milestones. Designed for nationwide adoption, this invention increases transparency, ensures accurate milestone-based payments, and mitigates the risk of misappropriation within the construction industry.

Remote deposit of checks can be facilitated by a financial institution. A customer's general purpose computer and image capture device may be leveraged to capture an image of a check and deliver the image to financial institution electronics. Additional data for the transaction may be collected as necessary. The transaction can be automatically accomplished utilizing the images and data thus acquired.

To provide an automatic redevelopment device or the like for realizing automatic processing from business check to redevelopment of a repayment schedule.SOLUTION: In this embodiment, (1) the automatic redeployment apparatus fetches the account settlement request association file from the member store by daily nighttime automatic execution. (2) The automatic redeployment device performs error determination on the captured data in the capturing process. In this case, the automatic redeployment apparatus sets an error condition for each error category, and determines the error categories 01 to 04. (3) If there is an error, the automatic redeployment device sets a flag in the fetched data (sets a flag in the error section). (4) On the contrary, if there is no error, the automatic redeployment device redeploys the repayment schedule to the object claim data.SELECTED DRAWING: Figure 1

An apparatus, computing device, computer program product, and a computer-implemented method for delivering financial services and, more particularly, the facilitation of a check replenishing order within a secure, authenticated environment. Because the client has already been authenticated, the client can bypass a separate path requiring separate authentication.

A server computer system includes a communications module; at least one processor coupled to the communications module; and a memory coupled to the at least one processor, the memory storing processor-executable instructions which, when executed by the at least one processor, configure the at least one processor to receive, via the communications module, an indication that a cheque clearing process has been initiated for a cheque; obtain an account number and a routing number for the cheque; perform a lookup to identify a payor of the cheque; and send, via the communications module and to a client device associated with the payor of the cheque, a real-time update indicating that the cheque has been submitted for collection.

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.

An image of a check that is in the field of view of a camera is monitored prior to the image of the check being captured. The camera is associated with a mobile device. When the image of the check in the field of view passes monitoring criteria, an image may be taken by the camera and provided from the mobile device to a financial institution. The image capture may be performed automatically as soon as the image of the check is determined to pass the monitoring criteria. The check may be deposited in a user's bank account based on the image. Any technique for sending the image to the financial institution may be used. Feedback may be provided to the user of the camera regarding the image of the check in the field of view.

To provide a bank transfer fee confirmation device, a bank transfer fee confirmation method, and a bank transfer fee confirmation program capable of reducing a fee in bank transfer in payment business.SOLUTION: When the registration button of the monitor is pressed in the payment confirmation registration screen, the bank transfer fee confirmation device of the present embodiment refers to the bank check master at the time of payment and determines a combination of the bank account bank and the transfer destination bank for each payment code in which the confirmation check box is checked, and when there is a payment code in which it is determined that there is no combination of the bank account bank and the transfer destination bank, displays a warning message regarding the payment details corresponding to the payment code in which there is no combination of the bank account bank and the transfer destination bank on the monitor.SELECTED DRAWING: Figure 1

Systems and methods for preventing check fraud are disclosed. In one embodiment, a method may include: (1) receiving, by a computer program, an image of a check presented for deposit comprising a unique identifier that is provided on the check, wherein the unique identifier uniquely identifies the check; (2) validating, by the computer program, the unique identifier by accessing a unique identifier database comprising a plurality of valid unique identifiers; and (3) accepting, by the computer program, the image of the check for payment in response to the unique identifier being valid.

A transaction terminal presents a new type of transaction through the transaction interface for cashing checks of unbanked consumers. The interface obtains a government identifier provided through input and / or government issued card read at the terminal. The check is imaged, and the government identifier is verified by a government verification service. Once verified, a name associated with the government identifier obtained from the verification service is matched to a payee name on the check obtained from an image of the check. The bank that the check is drawn on is provided the check account number and amount of the check and returns an authorization code when the check is authorized to be cashed. The authorization code is provided to the terminal and the terminal dispenses currency in the amount of the check to the unbanked consumer.

A computer-implemented method includes receiving, from a mobile device, a deposit request including a first check image for funds to be deposited into a user account, determining a risk level associated with the deposit request, requesting a second check image having a restricted endorsement based on the risk level, receiving the second check image having the restricted endorsement, determining a confidence level based on the restricted endorsement, and transferring the funds to the user account based on the confidence level.

Disclosed are methods and systems for validating instruments. For instance, a request to generate a cashier's check may be received from an application executing on a drawer's computing device. Request information may be stored within a data storage entry for the check, and a code to be printed on the check may be generated to include at least a portion of the request information. Instructions may be provided to a printing system to cause the check to be printed with the code, where the printed check is invalid. Instructions may be provided to the application and / or printing system to cause display of a prompt to facilitate a reading of the code to validate the check. When information within the code is read by and received from the printing system, the check may be validated, which triggers a transfer of funds from the drawer's account.Otherwise, the check may remain invalid.

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 check from a receiving institution. The check information may include a first payee name, a check number, an amount, and a routing number. The instructions further cause the processors to send the check information to an issuing institution. The instructions further cause the processors to receive, from the issuing institution, a second payee name from the issuing institution. The second payee name was printed on the check issued by the issuing institution. The instructions further cause the processors to provide a response to the receiving institution, which may include the second payee name and an indication of whether the first payee name and the second payee name match.

1. The name of the design product: check insertion slot. 2. The use of the design product: the design product is used to guide the insertion of a check into a device for scanning or processing, and is used in devices such as ATMs, intelligent counters, etc. 3. The design points of the design product: in shape. 4. The picture or photo that best indicates the design points: perspective view 1.

A computer implemented system and method are disclosed of processing a financial transaction that includes determining an automatic savings amount and rewards amount payments. The system may comprises a checking account, a savings account, an account of a merchant, and one or more computer systems including a communication interface, processor, and memory storing computer-executable instructions. The rewards amount may be calculated based on various techniques.