Patent ID: 9710813
Date: 2017-07-18
CPC Classifications: G06Q

Claim:
1. A method for providing recovery for victims of check fraud, comprising: by a system having an electronic database, a Check Fraud Protection service provider receiving subscriptions from one or more subscribers for a check fraud protection service; said subscription identifying and recording in a record of the database, a checking account and a sequence of numbered checks to be covered by said check fraud protection service; said Check Fraud Protection service provider electronically receiving from the subscriber a notification of an occurrence of check fraud against a check within a range of numbers of the checks in such sequence of numbered checks; said Check Fraud Protection service provider providing to the subscriber at least a portion of the amount of money paid from the subscriber's checking account arising from the check fraud; and said Check Fraud Protection service provider pursuing recovery for the check fraud; and upon the Check Fraud Protection service electronically receiving notification of the occurrence of check fraud, directing, by the Check Fraud Protection service, a check printer to print a new series of checks for a new checking account that receives the subscriber's funds after the compromised checking account is closed.