System and method for producing and verifying secure negotiable instruments
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United States of America Patent
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Jun 6, 2006
Issued Date -
N/A
app pub date -
Jul 3, 2002
filing date -
Jun 4, 2002
priority date (Note) -
In Force
status (Latency Note)
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Abstract
The present invention relates to producing and presenting negotiable instruments and, more specifically, to printing and presenting checks, which are resistant to forgery or fraud. The negotiable instrument comprises a numeric sequence printed in MICR font upside down across the top face of the negotiable instrument for electronic reading by a MICR reader. The numeric sequence provides for authentication of the payee name and the payment amount by a secure authentication server.
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