Patent ID: 6059185
Filing Date: 2000-05-09
Classification: G06Q

Abstract:
An automated check processing system, comprising:an input station receiving MICR checking account information and a check amount of a check provided for deposit in a banking account, said MICR data being preprinted on said check;a database coupled to said input station via a data communications link, for electronically receiving and storing said MICR checking account information and check amount; anda power encoder electronically receiving from said database said MICR checking account information and check amount for transactions occurring over a predetermined transaction period, and further receiving checks provided for payment in said same transactions occurring over said same predetermined transaction period, said power encoder operable to read MICR checking account information from said checks, said power encoder matching stored MICR checking account information for a particular transaction from said database to MICR checking account information read from a particular check and obtaining a corresponding check amount from the database for that transaction, said power encoder operable to encode said check amount on each of said matched checks.