Importance

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Abstract

A check authorization and verification system for use by stores handling personal checks. A data base containing credit reference on all customers made accessible to the store and is accessed whenever the customer presents a card having a unique identifying number and a special personalized identification number known only to the customer. This procedure uniquely identifies the data base information with the person carrying the card. The system then establishes a unique number, usually in the form of a UPC code, that is immediately assigned to the customer. This code is imprinted on the customer's check, thereby uniquely identifying the check with the data base information of that customer. Scanning equipment at the checkout counter scans the check and the purchases, thereby obtaining immediate information concerning the credit status of the customer. The approved check is processed with MICR information thereby completely processing the check for use by the associated banking establishments.

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First Claim