System and method for providing recovery for victims of check fraud
DC
First Claim
1. A computer implemented method for providing recovery for consumer victims of check fraud, comprising:
- by a system having a database, receiving from said consumer an order for printing a series of checks for a checking account, wherein the order includes an order for check fraud protection;
printing checks according to the order;
recording in a record of the database, a range of numbers of the checks in such order;
receiving from the consumer a notification of an occurrence of check fraud against a check within the range of numbers of the checks in such order;
receiving from the consumer a written limited power of attorney authorizing collection of an amount of money fraudulently obtained from the checking account because of the check fraud against the check within the range of numbers of the checks in the order; and
issuing a reimbursement to the consumer the amount of money fraudulently obtained from the checking account and fees arising from the check fraud.
25 Assignments
Litigations
1 Petition
Accused Products
Abstract
A method for a consumer to protect against loss associated with specified forms of check fraud. Upon purchasing checks, a consumer can subscribe to a check fraud protection program, for an additional fee. The subscription will enable the consumer to obtain reimbursement from the check printer for the consumer'"'"'s losses due to specified causes. The consumer reciprocally assigns any right of recovery from the consumer'"'"'s bank or financial institution to the check printer, which can then seek reimbursement from the bank, or financial institution and institute proceedings against the fraud perpetrator. Protection may be obtained for forged signatures, forged endorsements and altered check. A symbol to indicate such protection is also disclosed.
23 Citations
10 Claims
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1. A computer implemented method for providing recovery for consumer victims of check fraud, comprising:
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by a system having a database, receiving from said consumer an order for printing a series of checks for a checking account, wherein the order includes an order for check fraud protection; printing checks according to the order; recording in a record of the database, a range of numbers of the checks in such order; receiving from the consumer a notification of an occurrence of check fraud against a check within the range of numbers of the checks in such order; receiving from the consumer a written limited power of attorney authorizing collection of an amount of money fraudulently obtained from the checking account because of the check fraud against the check within the range of numbers of the checks in the order; and issuing a reimbursement to the consumer the amount of money fraudulently obtained from the checking account and fees arising from the check fraud. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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Specification
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- Resources
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Current AssigneeSontiq, Inc.
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Original AssigneeEzshield Incorporated
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InventorsBrowning, John, Illingworth, Ken, Briggs, Brian
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Primary Examiner(s)Dixon, Thomas
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Assistant Examiner(s)Fields, Benjamin S
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Application NumberUS10/685,206Publication NumberTime in Patent Office3,367 DaysField of Search705/35, 705/44US Class Current705/35CPC Class CodesG06Q 20/4016 involving fraud or risk lev...G06Q 30/02 Marketing; Price estimation...G06Q 30/0601 Electronic shopping [e-shop...G06Q 40/00 Finance; Insurance; Tax str...
