process and system to facilitate point-of-sale checks and accelerated credit for check transactions

摘要

process and system to facilitate the processing of checks at point of sale and accelerated credit for transactions with checks. describes a process and system for providing credit to a retailer (10) by collecting checks from customers during financial transactions between customers and the retailer, comprising depositing checks collected by a retailer in a safe (14) located at the retailer's facility ( 10a, 10b, 10c), calculate the total monetary value of checks that are deposited in the vault, and electronically transmit a data file that identifies the total calculated monetary value of deposited checks. when using the information in the transmitted data file, the retailer is credited by a bank (60a, 60b, 60c), or other financial institution with the total monetary value of the checks deposited. credit can be provided on a business day basis, and other features including digitizing deposited checks, facilitating check processing using check image files, displaying scanned checks on a monitor at the retailer during the financial transaction, depositing checks in the same safe where the money collected by the retailer is deposited, providing the checks inside the safe on sealed cassettes, and printing an image of a check collected on a receipt that is provided to the customer. other characteristics are also described. the process and system advantageously make the funds readily readable and improve the cash flow for retailers who receive checks as part of their normal business operations.