Patent ID: 7925588
Filing Date: 2011-04-12
Classification: G06Q

Abstract:
1. A method of processing a check issued by a payor and drawn on an account at a bank of said payor, comprising: utilizing a check scanning device at a payor location to scan said check and electronically transmit an image of said check; receiving electronically from said payor and at said bank an electronic image of said check generated by said check scanning device at the payor location; creating electronically positive pay file from said electronic image of said check using optical character recognition, said positive pay file including at least a name of a payee of said check and a payment dollar amount of said check; storing electronically said positive pay file; receiving electronically at said bank a request to make payment on said check, said request including a representation of said check; obtaining check information from said representation of said check; from a payee; accessing said positive pay file; determining whether one or more discrepancies exist between said check information and said positive pay file; and making electronically payment on said check only if it is determined that one or more discrepancies do not exist between said check information and said positive pay file.