Patent ID: 7664687
Filing Date: 2010-02-16
Classification: G06Q

Abstract:
1. A method comprising executing computer implemented instructions performed by one or more processors for determining the collectability of check writers, the method comprising: storing a negative file in a database, the negative file including negative information about each check writer of a plurality of check writers; classifying, via at least one processor, each check writer into one of a plurality of categories associated with a score based at least in part on the number of checks returned to merchants for insufficient funds; modifying, via at least one processor, the negative file by removing the negative information for each check writer classified within a pre-determined set of the categories and retaining the negative information for each check writer not classified with the pre-determined set of categories; labeling, via at least one processor, each check writer classified within the pre-determined set of categories as collectible and labeling each check writer not classified within the predetermined set of categories as non-collectible; and transmitting the modified negative file to at least one merchant for use in check verification at a merchant location, wherein the modified negative file is accessed to determine check writer information.