System and method for canceling electronically deposited checks

US7832627B2 · kind B2 · utility

Assignee

• Pitney Bowes Inc. · US

Inventors

• Megha Sharma · Milford, US
• Jeffrey D. Pierce · Sandy Hook, US
• David B. Wilk · Clinton, US
• Jay Reichelsheimer · Shelton, US

Key dates

• Filing date: Apr 28, 2006
• Grant date: Nov 16, 2010
• Expiry date: May 21, 2029

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/02
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A method of processing a check prior to electronically depositing the check includes steps of (a) attempting to print a cancellation mark on the check using an energy emitting ink, such as a luminescent ink, (b) radiating first energy, such as UV energy, toward the check, (c) determining whether second energy is emitted from the check as a result of the radiated first energy impinging upon the energy emitting ink present on the check, and (d) allowing the check to proceed to electronic deposit only if it is determined that the second energy is emitted from the check. Also, an apparatus for electronically depositing a check that implements the method.