Kenneth R Rees

US Patent:

20030023555, Jan 30, 2003

Filed:

Jul 22, 2002

Appl. No.:

10/200690

Inventors:

Kenneth Rees - Dallas TX, US

Assignee:

CashWorks, Inc. - Dallas TX

International Classification:

G06F017/60

US Classification:

705/044000

Abstract:

A system and method for initiating and fulfilling customer-initiated, clerk-assisted, financial services such as check cashing, payday loans, money transfers, and bill payments. The system may include: an input device, a device for reading check MICR information, a storage device, an electronic processor with rules for approving or declining transactions, an Automated Teller Machine (ATM), and an ATM switch. Customers initiate the financial transactions using the input device or an ATM, clerks authenticate the customer and/or the transaction with the input device, the electronic processor approves or declines the transactions, and the transactions are fulfilled by a clerk or an ATM.

US Patent:

20040193522, Sep 30, 2004

Filed:

Jan 13, 2004

Appl. No.:

10/755404

Inventors:

Todd Binet - Houston TX, US
Kenneth Rees - Dallas TX, US

International Classification:

G06F017/60

US Classification:

705/035000

Abstract:

A method, a framework, and a computer program product for an interface for providing check verification, cashing and electronic settlement services are provided. The method receives information including check information for a check being negotiated for monies. The check information is verified by comparing the received check information with issued check information stored at the check issuing financial institution. Upon verifying the received check information, a status flag associated with the check information is modified to indicate that the received check information has been verified and the system marks a void or presentment notification with the check. The verified check information representing an issued check is then authorized for cash settlement. Upon exchanging the check for monies, information is transmitted to the financial institution notifying the financial institution that the check has been negotiated and the issuing financial institution submits a settlement file in the amount of the settled amount to a designated account.

US Patent:

20060129478, Jun 15, 2006

Filed:

Dec 12, 2005

Appl. No.:

11/275121

Inventors:

Kenneth Rees - Dallas TX, US

Assignee:

PayDay One XL, LLC - Dallas TX

International Classification:

G06Q 40/00

US Classification:

705038000

Abstract:

Automated techniques for providing loans, such as short term loans, include receiving a telephonic loan application from a customer and electronically verifying information in the telephonic loan application. Based on the results of the verification, a determination is made as to whether to provide the loan. When the loan is to be provided, the customer is instructed to accept the terms and conditions of the loan using a telephone. Upon acceptance, the loan is dispensed.