Patent ID: 8788377
Filing Date: 2014-07-22
Classification: G06Q

Abstract:
1. A method for providing recovery for victims of check fraud, comprising: by a system having an electronic database, establishing a Check Fraud Protection service provider to receive subscriptions for a check fraud protection service; said Check Fraud Protection service provider receiving a subscription for said 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 receiving from the subscriber a power of attorney granting said Check Fraud Protection service provider a right to pursue a claim for recovery for such check fraud; said Check Fraud Protection service provider reimbursing to the subscriber the amount of money paid from the subscriber's checking account and fees arising from the check fraud; and said Check Fraud Protection service provider pursuing the claim for recovery for the check fraud by using the power of attorney; 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.