Importance

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Abstract

A transaction data processing system and method is provided, which is especially configured to capture, store and retrieve transaction data, including a digital representation of a signature of a person initiating a transaction. The transaction data processing system includes a scanner located at a point of use location. The scanner is configured to scan a transaction document including the signature of at least one party to the transaction. A transaction data processor is also included for processing the scanned transaction data and for generating a transaction data record. A remote database site having stored therein a database of transaction data records is also provided. A communications link links the remote database site to the transaction data processor, which is located at the point of use location. The method includes the steps of: scanning a document related to a financial transaction, said document at least a signature of at least one party to the transaction; processing the scanned document and generating a transaction data record; linking the transaction data processor to a remote database site; transmitting each generated transaction data record to the remote database site; and storing each transmitted transaction data record in a transaction data record database.

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First Claim