Robert V Cardinal

US Patent:

6757664, Jun 29, 2004

Filed:

Mar 2, 1999

Appl. No.:

09/260940

Inventors:

Robert J. Cardinal - Maplewood MN
Dennis J. Cummings - Eagan MN
Leonard A. Norum - Minneapolis MN
Donald D. Lehr - Minnetonka MN
Lois A. Palmer - Eagan MN
Vernon L. Landrum - late of St. Paul MN
by LeAndra Lane Landrum - Houston TX
by Georgina L. Landrum - Eden Prairie MN
by Jaeme Ilisha Gadley - Kane PA

Assignee:

Arbitrage Arbitrageur LLC - Maplewood MN

International Classification:

G06F 1760

US Classification:

705 38, 705 39

Abstract:

A method for providing information concerning the availability of funds to cover a check proffered at a point of sale. In one embodiment, the method comprises capturing at the point of sale check transaction information on a bank account from which the check is drawn and transmitting the information to a funds checking computer, receiving at the funds checking computer account information on the bank account from which the check is drawn, the account information having been provided by a bank holding the bank account, determining at the funds checking computer the availability of funds in the bank account to cover the check proffered at the point of sale, and providing to the point of sale a funds availability status message.