Importance

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Abstract

A financial transaction involving a bar coded invoice and validating the bar code to limit carrying out of the financial transaction to a first type of financial transaction, where the bar code has discrete encoded data fields organized into validation levels, including an outer level and an inner levels, the encoded data fields include a field designator, a check digit value and/or a data string, the data string includes either an inner validation level and/or payment information, the payment information includes the identity of the payee and the payer, where the encoded data fields are established pursuant to a decoding method, a validation method and a processing method, where decoding includes decoding the bar code to yield a series of data values, validation includes determining whether the bar code corresponds to a first type of financial transaction, and processing includes processing the financial transaction to pay the third party payee.

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First Claim