Method and system of check presentation

US7747529B2 · kind B2 · utility

Inventor

• David Homoki · El Cajon, US

Key dates

• Filing date: Mar 10, 2006
• Grant date: Jun 29, 2010
• Expiry date: Feb 9, 2029

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q20/042
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A method and system of check presentation. At least some of the illustrative embodiments are methods comprising accepting a first paper check and a second paper check in exchange for a good or service (the second paper check postdated), converting the first paper check and the second paper check into a first electronic request and a second electronic request respectively, presenting the first electronic request for payment through a funds transfer network, electronically storing the second electronic request, and then presenting the second electronic request for payment through the funds transfer network on the postdated date.