Electronic point-of-sale check processing method and system
Number of patents in Portfolio can not be more than 2000
United States of America Patent
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N/A
Issued Date -
Mar 13, 2003
app pub date -
Sep 7, 2001
filing date -
Sep 7, 2001
priority date (Note) -
Abandoned
status (Latency Note)
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Abstract
A method and system of improving the efficiency of electronic point-of-sale check processing. An electronic payment system infrastructure is positioned at a point-of-sale to support a process by which the MICR data from a paper check is converted into a fully electronic ACH transaction and entered into the banking system for a more rapid, and lower cost clearing process.
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