Real time item processing apparatus using a thermal encoder
US4731524A · kind A · utility
Assignee
Inventor
Key dates
| Filing date | Oct 11, 1985 |
| Grant date | Mar 15, 1988 |
| Priority date | — |
| Expiry date | Oct 11, 2005 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06K17/00
- WIPO fieldComputer technology
- WIPO sectorElectrical engineering
Abstract
An apparatus for use in endorsing documents, like checks, in a banking system. A magnetic stripe is printed or encoded on the back of each document entering the processing system. Human readable, endorsement data is also printed next to the magnetic strip at the time that the stripe is being printed. The endorsement data is also magnetically written into a portion of the magnetic stripe during a subsequent, real-time operation to provide both machine-readable and human-readable forms of data to facilitate tracing a document's processing trail through several banks. A low-cost method of providing endorsements on checks through using the MICR encoder to print the usual monetary amount, inverting the check, re-entering the check, and using the MICR encoder to print the endorsement on the back of the check is also disclosed.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.