Check fraud detection system and method

Number of patents in Portfolio can not be more than 2000

United States of America

PATENT NO 12254475
SERIAL NO

18937717

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Abstract

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A check processing system detects fraud in real-time by comparing data from presented checks against known check data stored in a Global Check Register (GCR). The system analyzes check images and extracts payee information. Instead of reviewing the entire check for each item of information, a region of interest (ROI) is investigated. The use of an ROI defeats a type of fraud wherein original payee information is placed on the memo line of the check with the payee information changed to a fraudulent payee name. By validating the presented check data against known data points, the system can identify discrepancies and potential fraud in real-time, generating events and notifications for bank employees to take appropriate action in a timely manner.

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Patent Owner(s)

  • HEADSAIL TECHNOLOGIES, INC.

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Ellis, Greg Sherwood, US 6 15

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