Patent ID: 7702588
Filing Date: 2010-04-20
Classification: G06Q

Abstract:
1. A digitally originated check system, comprising: an electronic payment system that is accessed by users remotely through a network connection; a data storage device connected to the electronic payment system containing a metadata file defining a digitally originated check, wherein the digitally originated check is created without an original paper check, the metadata file comprises a payment instruction, a globally unique identifier, tracking information, and security information, and wherein the metadata file is stored, accessed, and modified electronically in the data storage device; wherein the electronic payment system is configured to: create the metadata file defining the digitally originated check; distribute the metadata file defining the digitally originated check; track the metadata file defining the digitally originated check; clear the metadata file defining the digitally originated check, wherein clearing the metadata file is compliant with electronic check clearing methods; verify the metadata file defining the digitally originated check prior to deposit or cashing of the digitally originated check; secure the metadata file defining the digitally originated check; and receive a request to cancel the digitally originated check and immediately cancel the digitally originated check responsive to the request.