Patrick Michael Phillips

US Patent:

7103579, Sep 5, 2006

Filed:

Mar 23, 2000

Appl. No.:

09/536006

Inventors:

Patrick M. Phillips - Keller TX, US
Dennis G. Brown - Fort Worth TX, US
George A. Gouffray - Fort Worth TX, US
Roger A. Burk - Midlothian TX, US
Ronnie D. Phillips - Keller TX, US
David P. Higbee - Burleson TX, US
Jay D. Lynch - Fort Worth TX, US
Lawrence M. Brown - Simi Valley CA, US
David C. Griffin - Austin TX, US

Assignee:

Electronic Clearinghouse, Inc. - Agoura Hills CA
National Bank Drafting Systems, Inc. - Fort Worth TX

International Classification:

G06F 17/60

US Classification:

705 77, 705 1, 705 40, 705 75, 705 53, 380 24, 380 25

Abstract:

A method apparatus and article of manufacturing for using a computer to electronically clear and cash a check submitted to an on-line merchant from an on-line consumer by electronic means is provided. First, an input of check information submitted by a consumer by electronic means is accepted. Next the accuracy of the check information is verified and then is presented for clearing through the Federal Reserve's Automated Clearing House. Finally, the consumer's checking account from which the check was drawn is debited by the amount indicated in the check information and the merchant's account is credited by the amount indicated in the check information.