Importance

Loading Importance Indicators...

Abstract

An inventive check is disclosed including a barcode, which includes at least one of the following pieces of information: the date the check was paid, the amount of the check, the payee, the drawers account number, the banks routing number, and the identifier number of the check. A method for preventing check fraud is also provided, including the steps of attaching a machine readable code on a negotiable instrument, creating a negotiable instrument, the drawee receiving the negotiable instrument, and the drawee scanning the machine readable code. A method is also included for integrating the entire checking process. The invention also includes methods for including payee information on an invoice, as well as for determining available funds and creditworthiness of customers. Also included is a method for controlling spending.

Loading the Abstract Image...

First Claim