Patent ID: 7386509

Claim:
A method of correlating magnetic ink character recognition (MICR) data with related check transaction data, the method comprising: receiving over a network check MICR data for a first check drafted by a customer, the check MICR data including an account number corresponding to the customer's checking account; receiving over the network the customer's driver's license data in association with the check MICR data; storing in computer readable memory the check MICR data in association with the driver's license number in a first database record; electronically submitting the check for settlement, the submission including at least a portion of the check MICR data; receiving a communication indicating that the check failed to clear, the communication including at least the account number; locating the first database record using the account number as at least a portion of a first search key when the check failed to clear; using the customer's driver's license data to search for other check transactions, subsequent to the check transaction, in a transaction database to obtain additional identification information or transaction information; and reading the driver's license data from the first database record; and transmitting at least a portion of the driver's license data and any additional identification or transaction information to a recipient.