The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Sep. 25, 2001
Filed:
Oct. 06, 1997
Arthur James, Ithaca, NY (US);
Phillip M. Martinez, Groton, NY (US);
Michael Walls, Ithaca, NY (US);
Keith Jentoft, Circle Pines, MN (US);
Axiohm Transaction Solutions, Inc., Ithaca, NY (US);
Abstract
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.