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:
Apr. 12, 2011
Filed:
Dec. 19, 2006
Thomas J. Foth, Trumbull, CT (US);
Thomas J. Foth, Trumbull, CT (US);
Pitney Bowes Inc., Stamford, CT (US);
Abstract
A method of processing a check issued by a payor includes creating a check image at a payor location, obtaining positive pay data from the image at the payor location using OCR and transmitting the positive pay data to a payor bank of the payor. Alternatively, the positive pay data may be generated by the payor bank from the check image received from the payor. The positive pay data includes at least a name of a payee of the check and a payment dollar amount of the check, but may also include one or more of a date of the check, a serial number of the check, and an account number of the account on which the check is drawn. The positive pay data is stored by the payor bank and used to detect potential fraud when the check is later presented to the bank for payment.