United Services Automobile Association (USAA) (San Antonio, TX)

The methods used to identify counterfeit checks include using sensors to determine correspondence between items found on a check using machine vision. The correspondence between items on the receipt check is used to determine an overall score for the check. The score is then assessed against a threshold based on risk which decides on how to deal with transactions involving the check.

Financial institutions lose billions every year as a result of fraud. To be sure that they are in compliance with regulations and provide customer service, the bank is the one who is accountable for account losses than the account owner. These losses could undermine trust and lead to inefficiencies in the financial system regardless of who is responsible.

Counterfeiting checks is one type of fraud which can cause institutions to lose millions of dollars every year. Counterfeiters make fake checks, cash them, or even deposit them in order to collect money.

The issue of counterfeit checks evolved with the emergence of electronic banking, which led to remote check deposit using check images. Customers expect to have fast access to funds deposited via these or other banking platforms online. Customers may not want to wait for funds to be available to review checks that have been electronically deposited. However, this presents new risks when deposited electronically as well as similar transactions. The check does not need to be handed over or scrutinized by a human bank teller. Also, processing algorithms can be understood by counterfeiters. This is why earlyautomated and remote deposit methods were quickly discovered and spread widely. With consumers demanding that funds be accessible faster than banks are able to detect fraud, existing systems are susceptible to misuse by criminals.

In a particular aspect, this disclosure is directed at non-transitory computer-readable media, comprising instructions. When a computer executes them these instructions cause the computer receive a data transmission including at least a small portion of acheck image representing a check to deposit; and analyze the portion of the check image to identify at least one item of information about the check on the image of the check and an additional item of the check information in the check image, wherein the first item of check information as well as the second piece of information about the check differ from the following: signature, barcode routing number, account number, check number, date of check and date, name of institution, drawer name address security feature memo, endorsement and check design; determine, based on identification of the first item of check information as well as the second piece of information on the check and the item correspondence between the first item of check information as well as the second piece of check information and determine a score for the check by analyzing the correspondence between the items; compare the check score to a score threshold; and transmit a reject flag if the threshold is violated by the score.

This disclosure also addresses the computer-implemented method that involves the execution of instructions stored on non-transitory computers readable media. When executed the instructions effectuate receiving a data transmissionincluding at least a portion of a check image representing a check for deposit; analyzing the portion of the check image to identify at least a first item of check information on the check image and a second item of check information on the check image,wherein the first item of check information and the second item of check information are different ones of a signature, barcode, routing number, account number, check number, check date, institution name, drawer name, address, security feature, memo,endorsement; determining, based on identification of the first item of check information and the second item of check information, item correspondence between the first item of check information and the second item of check information; determining acheck score based on the item correspondence; comparing the check score to a score threshold; and transmitting a reject flag when the score threshold is violated by the check score.

This disclosure also addresses a method that contains instructions stored on an untransitory computer-readable medium. When instructions are executed by a processor they result in a communication device which receives information that includes at least one portion of a checkimage representing a deposit check. If the instructions are followed and the check image is created, they create an encryption module that examines the portion of the check image to determine at the very least a first item of check information as well as a second item of check information on it. This module could be used to: determine the correspondence between the first and second items of checkinformation determine a score for the check using the item correspondence; check the score against a score threshold; and then transmit an error flag to notify the processor when the score threshold is not met.

Alternative alternatives, complements, and additional aspects will be appreciated on reading the complete disclosure.

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The government grants patents to protect an invention, a patent provides the inventor with exclusive rights to use, create, market and promote the invention? Society is benefited when a brand new technology is brought to the market. These benefits may be realized directly when people can perform feats previously thought impossible and indirectly by the economic opportunities which innovation can bring (business growth, jobs).

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The first step to obtain your patent is to perform an internet search for patents. You can do a google patent search or do a USPTO search. After the patent application has been submitted, the product that is subject to the patent can be described as patent-pending. you can find the patent application online on the public pair. Once the patent office has approved your application, you’ll be able to do a patent number search to find the patent that was issued. The product you are selling will become a patentable. You can also utilize the USPTO search engine. Check out the following article for more information. You can get help from a patent attorney or patent attorney. In the US patents are issued through the US patent and trademark office or the United States patent and trademark office, which is also responsible for examining trademark applications.

Are you interested in similar patents? Here are the steps:

1. Think of terms to describe your invention based on the purpose, composition and usage.

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  • What is the composition and function of the invention? What is the physical structure of the invention?
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  • What are the technical terms and keywords used to describe an invention’s nature? A technical dictionary can assist you to find the appropriate phrases.

2. These terms will allow you to search for relevant Cooperative Patent Classifications at Classification Search Tool. If you’re unable to locate the correct classification to describe your invention, look through the classification’s class Schemas (class schedules) and try again. Think about substituting the words you use to describe your invention if you do not receive any results from the Classification Text Search with synonyms like the ones you used in Step 1.

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5. Use this selection of the most relevant patent publications to study each in detail for the similarities to your idea. Be sure to read the specifications and claims. It is possible to find additional patents by referring to the patent examiner and applicant.

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7. Find additional US patent publications by keyword searching in PatFT or AppFT databases, searching for classification of non-U.S. patents in the below, and searching non-patent publications of inventions with internet search engines. For example:

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To review your search, you can hire a registered patent attorney to assist. A preliminary search will help one better prepare to talk about their invention and other related inventions with a professional patent attorney. In addition, the attorney will not spend too much time or money on patenting basics.