Axiohm Transaction Solutions, Inc.

Axiohm Tranaction Solutions, Inc.

Michael Walls

Phillip M Martinez

Keith Jentoft

Arthur James

The present invention features a Point of Sale (POS) printer that includes an encoding module that magnetizes and reads the account and bank information from existing magnetic characters on a check. The encoding module prints the characters in the AMOUNT field of the check, according to ANSI,, ISO,, or other standards. The characters are printed with an ink having magnetic particles embedded therein. The POS printer magnetizes and reads these characters after they are printed, in order to verify that the correct amount has been encoded onto the check. The encoding module can include a magnet to magnetize the characters; a read head to read and analyze the signal waveform from each character; and a print mechanism with the capability of using magnetic ink for printing the characters. The method of the invention directs the POS printer to follow a certain sequence of actions in order to accomplish the printing and verification at the point of sale.

Self contained point of sale printing system and method

A method for using a POS printer that includes means for magnetizing and reading the ON-US and ROUTING information from preprinted magnetic characters on a check. The characters are printed with an ink having magnetizable particles embedded therein. First, the ROUTING and ON-US fields of the check are magnetized, either by a fixed magnet, or within the read head itself. Next, the characters within the ROUTING and ON-US fields are read by the read head, and the signals analyzed by the electronics of the POS printer. This is followed by a verification, in which the printer electronically verifies that the account is not a 'bad' account. If the account is good, the printer continues to endorse the check on its back and/or encode the check by printing MICR characters in the AMOUNT field on the face of the check. The POS printer may magnetize and read these characters after they are printed, in order to verify that the correct amount has been encoded onto the check.

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Ithaca, NY, United States of America

Michael Walls