Patent ID: 8485442

Claim:
A negotiable instrument system for use at a location where a negotiable instrument is presented by a receiving entity, the system comprising: a negotiable instrument reader configured to read encoded negotiable instrument information from a negotiable instrument issued by an issuing entity; a biometric data reader configured to generate biometric data from an individual representing the receiving entity; and an electronic communication system configured to transmit at least the negotiable instrument information and the biometric data to a central processing system and receive information from the central processing system; wherein the central processing system is configured to access one or more information stores, said one or more information stores including information associated with a plurality of negotiable instruments issued by the issuing entity, said information provided periodically by the issuing entity prior to the presentation of the negotiable instrument by the receiving entity, said one or more information stores further including biometric information associated with a plurality of individuals, each of said plurality of individuals associated with the receiving entity, wherein the central processing system is configured to: (i) compare the biometric data from the individual with the biometric information stored in one or more information stores; (ii) compare the negotiable instrument information with the information associated with a plurality of negotiable instrument issued by the issuing entity; and (iii) transmit a decision to accept the negotiable instrument if: the biometric data from the individual matches with a biometric information stored in one or more information stores, and the negotiable instrument information matches an item of the information associated with a plurality of negotiable instrument issued by the issuing entity.