Patent ID: 7775425
Filing Date: 2010-08-17
Classification: G06Q

Abstract:
1. A method of approving a money limit of check cashing for a time period during which a check writer may cash checks up to the limit for a plurality of different purchase transactions, the check writer one of a plurality of check writers, the method comprising executing computer program instructions by one or more processors for: storing, by at least one processor, historical check writing information for the plurality of check writers; receiving, by at least one processor, identification information to access respective check writing information of the check writer; processing, by at least one processor, the respective check writing information to determine a score for the check writer presenting a check based on the respective check writing information; classifying, by at least one processor, the check writer in a pre-determined category based on the score; and determining, by at least one processor, the money limit over the time period during which the check writer cashes a plurality of checks in respective check writing transactions for a respective plurality of different purchase transactions up to the money limit based on the category in which the check writer is classified.