Patent ID: 7267264
Filing Date: 2007-09-11
Classification: G06Q,G07D,G07F

Abstract:
1. A system for verifying authenticity of a negotiable instrument, said system comprising: a) an issuing terminal including a first input facility structured to generate a first set of data; b) a cashing terminal including a second input facility structured to generate identifying data; c) said first set of data comprising at least account data and payee data as originally appearing on the negotiable instrument, said identifying data derived from identifying information existing on the negotiable instrument when presented for redemption; d) said issuing terminal and said cashing terminal communicatively linked with one another to provide for a comparison of identifying data existing on said negotiable instrument when issued with identifying data existing on the negotiable instrument when presented for redemption at said cashing terminal, and e) at least some of said first set of data being communicated to said cashing terminal, for comparison at said cashing terminal, with said first set of data appearing on the negotiable instrument at said cashing terminal, as a result of said communicative link.