Electronic cheque processing system

Details Electronic cheque processing system Electronic cheque processing system

G - Physics

06

Q

G06Q 20/08 (2012.01) H04L 12/16 (2006.01)

Patent

CA 2316090

An electronic cheque processing system includes an electronic payment processor, a deposit server and an instrument translator. The payment processor is configured to provide an electronic financial instrument to a payee for effecting a payment transaction between a payer and the payee. The deposit server is coupled to the communications network and validates an endorsement of the electronic financial instrument. The instrument translator is in communication with the deposit server to provide the financial institution associated with the payer with a translation of the endorsed electronic financial instrument, with the translation being determined in accordance with electronic document formats implemented by the payer and the payee. The payment processor includes a user interface for defining the electronic financial instrument, a payee database including payee records, and a payment parser coupled to the user interface and the payee database. One of the payee records identifies the payee and an associated preferred financial instrument format, and the payment parser provides the payee with a paper check in accordance with the preferred financial instrument format.

Affiliated with

Also associated with

Rating

Electronic cheque processing system does not yet have a rating. At this time, there are no reviews or comments for this patent.

If you have personal experience with Electronic cheque processing system, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Electronic cheque processing system will most certainly appreciate the feedback.

Rate now

Comments { 0 }

Profile ID: LFCA-PAI-O-1772504