Patent US5121945A successfully refreshed from Google Patents.
US5121945A
Expired / Lapsed
US
⏱️ 0.0 years remaining
Financial data processing system
Assignee: PAYMENT SYSTEMS TECHNOLOGY Inc
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Filing: 1990-08-13
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Granted: 1992-06-16
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Expires: 2010-08-13
Abstract
Abstract There are disclosed herein methods and systems for affecting the accounting functions of debiting and crediting a bank's account records, a payer's bank account records and a corporation's accounts receivable records with their customer's payments, and are based upon the combination of data from two or more sources to prepare an integrated document comprising an invoice (bill) and a negotiable instrument, usually a bank check. These documents form an integrated document and contain all necessary pre-printed machine readable data and are combined to effect a variety of multi-function transactions. By combining all of the required data elements in a single document at the time of initial preparation of the integrated document, including an accounts receivable invoice and the payer's check, the requirement for subsequent redundant, labor intensive processes are eliminated. The single integrated document becomes a multi-functional document which generates the transaction to effect the customer's accounts receivable, the negotiable instrument to (i) credit the corporation's institutions account and (ii) debit the customer's financial institution's account while creating a complete audit trail and accountability at each separate processing level.
Inventors
- 👤 Eric A. Thomson
- 👤 Stanley M. Josephson
Bibliographic Details
Application Number
—
Jurisdiction
US
Data Source
google_patents
Last Synchronized
2026-11-03 18:30
CPC Classifications
G; G06; G06Q; G06Q40/00; G06Q40/02; B; B42; B42D; B42D15/00; B42D15/0053; B42D25/00; B42D25/20; B42D25/29
Claims Analysis
Total Claims: 24
Claim 1
Independent Claim
184 words
An integrated bill comprising an invoice or billing document, and a check document, the invoice document comprising a printed invoice indicating a matter billed, and including in human readable form a billing entity's name, a customer's name and address, the customer's account number at the billing entity, the invoice date, and the total dollar amount due, and the check document being in the form of a bank check having a first side and a second side with the first side having printed thereon in human readable form the customer's name and address as the payer, the bank name and address of the payer's bank the account number of the customer/payer at the billing entity, the matter billed as indicated on the invoice document, the first side having printed thereon in machine readable form the payer's bank transit/routing number, the payer's bank account number, and the payer's account number at the billing entity, the first side of the check document further having date and signature portions left blank to be added by the payer at the time the check document is signed by the payer.
Claim 2
Dependent Claim
184 words
An integrated bill comprising an invoice or billing document, and a check document, the invoice document comprising a printed invoice indicating a matter billed, and including in human readable form a billing entity's name, a customer's name and address, the customer's account number at the billing entity, the invoice date, and the total dollar amount due, and the check document being in the form of a bank check having a first side and a second side with the first side having printed thereon in human readable form the customer's name and address as the payer, the bank name and address of the payer's bank the account number of the customer/payer at the billing entity, the matter billed as indicated on the invoice document, the first side having printed thereon in machine readable form the payer's bank transit/routing number, the payer's bank account number, and the payer's account number at the billing entity, the first side of the check document further having date and signature portions left blank to be added by the payer at the time the check document is signed by the payer.
Claim 3
Dependent Claim
35 words
A document as in claim 1 further including as an integral part thereof a third section comprising a maintenance and payment option selection alternative document for allowing the payer to select maintenance and payment options.
Claim 4
Dependent Claim
19 words
A document as in claim 2 wherein the third section has the payer's billing entity account number imprinted thereon.
Claim 5
Dependent Claim
24 words
A document as in claim 3 wherein the payer's billing entity account number on the third section is encoded in a machine readable font.
Claim 6
Dependent Claim
14 words
A document as in claim 4 wherein the machine readable font is bar code.
Claim 7
Dependent Claim
13 words
A document as in claim 4 wherein the machine readable font is OCR.
Claim 8
Dependent Claim
29 words
A document as in claim 2 wherein a payment option is payment by a credit card and the third section has imprinted thereon an area for indicating such option.
Claim 9
Dependent Claim
268 words
An integrated billing document comprising two portions, one portion being an invoice or billing document, and the other portion being a check document, the invoice document comprising a printed invoice indicating a matter billed, and including in human readable form a billing entity's name, a customer's name and address, the customer's account number at the billing entity, the invoice date, and the total dollar amount due, and the check document being in the form of a bank check having a first side and a second side with the first side having printed thereon in human readable form the customer's name and address as the payer, the billing entity's name and address, the bank name and address of the payer's bank, the account number of the customer/payer at the billing entity, the dollar amount due as indicated on the invoice document, and the matter billed as indicated on the invoice document, the first side having printed thereon in machine readable form the payer's bank transit/routing number the payer's bank account number, the dollar amount to be paid, and the payer's account number at the billing entity, the first side of the check document further having date and signature portions left blank to be added by the payer at the time the check document is signed by the payer, and the second side of the check document having printed thereon the endorsement of the billing entity including the name of the billing entity, the name of the billing entity's depository bank, the account number of the billing entity at the depository bank, and the transit/routing number of the depository bank.
Claim 10
Dependent Claim
268 words
An integrated billing document comprising two portions, one portion being an invoice or billing document, and the other portion being a check document, the invoice document comprising a printed invoice indicating a matter billed, and including in human readable form a billing entity's name, a customer's name and address, the customer's account number at the billing entity, the invoice date, and the total dollar amount due, and the check document being in the form of a bank check having a first side and a second side with the first side having printed thereon in human readable form the customer's name and address as the payer, the billing entity's name and address, the bank name and address of the payer's bank, the account number of the customer/payer at the billing entity, the dollar amount due as indicated on the invoice document, and the matter billed as indicated on the invoice document, the first side having printed thereon in machine readable form the payer's bank transit/routing number the payer's bank account number, the dollar amount to be paid, and the payer's account number at the billing entity, the first side of the check document further having date and signature portions left blank to be added by the payer at the time the check document is signed by the payer, and the second side of the check document having printed thereon the endorsement of the billing entity including the name of the billing entity, the name of the billing entity's depository bank, the account number of the billing entity at the depository bank, and the transit/routing number of the depository bank.
Claim 11
Dependent Claim
217 words
An integrated billing document comprising two portions, one portion being an invoice or billing document, and the other portion being a check document, the invoice document comprising a printed invoice indicating a matter billed, and including in human readable form a billing entity's name, a customer's name and address, the customer's account number at the billing entity, the invoice date, and the total dollar amount due, and the check document being in the form of a bank check having a first side and a second side with the first side having printed thereon in human readable form the customer's name and address as the payer, the billing entity's name and address, the bank name and address of the payer's bank, the account number of the customer/payer at the billing entity, the dollar amount due as indicated on the invoice document, and the matter billed as indicated on the invoice document, the first side having printed thereon in machine readable form the payer's bank transit/routing number the payer's bank account number, the dollar amount to be paid, and the payer's account number at the billing entity, the first side of the check document further having date and signature portions left blank to be added by the payer at the time the check document is signed by the payer.
Claim 12
Dependent Claim
217 words
An integrated billing document comprising two portions, one portion being an invoice or billing document, and the other portion being a check document, the invoice document comprising a printed invoice indicating a matter billed, and including in human readable form a billing entity's name, a customer's name and address, the customer's account number at the billing entity, the invoice date, and the total dollar amount due, and the check document being in the form of a bank check having a first side and a second side with the first side having printed thereon in human readable form the customer's name and address as the payer, the billing entity's name and address, the bank name and address of the payer's bank, the account number of the customer/payer at the billing entity, the dollar amount due as indicated on the invoice document, and the matter billed as indicated on the invoice document, the first side having printed thereon in machine readable form the payer's bank transit/routing number the payer's bank account number, the dollar amount to be paid, and the payer's account number at the billing entity, the first side of the check document further having date and signature portions left blank to be added by the payer at the time the check document is signed by the payer.
Claim 13
Dependent Claim
58 words
An integrated document as in claim 9 wherein the check document has a second side having printed thereon the endorsement of the billing entity including the name of the billing entity, the name of the billing entity's depository bank, the account number of the billing entity at the depository bank, and the transit/routing number of the depository bank.
Claim 14
Dependent Claim
21 words
An integrated billing document as in claim 10 wherein the check portion is detachable from the invoice or billing document portion.
Claim 15
Dependent Claim
258 words
An integrated bill comprising an invoice or billing document and a check document, the invoice document comprising a printed invoice indicating a matter billed, and including in human readable form a billing entity's name, a customer's name and address, the customer's account number at the billing entity, the invoice date, and the total dollar amount due, and the check document being in the form of a bank check having a first side and a second side with the first side having printed thereon in human readable form the customer's name and address as the payer, the billing entity's name and address, the bank name and address of the payer's bank, the account number of the customer/payer at the billing entity, the dollar amount due as indicated on the invoice document, and the matter billed as indicated on the invoice document, the first side having printed thereon in machine readable form the payer's bank transit/routing number the payer's bank account number, the dollar amount to be paid, and the payer's account number at the billing entity, the first side of the check document further having date and signature portions left blank to be added by the payer at the time the check document is signed by the payer, and the second side of the check document having printed thereon the endorsement of the billing entity including the name of the billing entity, the name of the billing entity's depository bank, the account number of the billing entity at the depository bank, and the transit/routing number of the depository bank.
Claim 16
Dependent Claim
258 words
An integrated bill comprising an invoice or billing document and a check document, the invoice document comprising a printed invoice indicating a matter billed, and including in human readable form a billing entity's name, a customer's name and address, the customer's account number at the billing entity, the invoice date, and the total dollar amount due, and the check document being in the form of a bank check having a first side and a second side with the first side having printed thereon in human readable form the customer's name and address as the payer, the billing entity's name and address, the bank name and address of the payer's bank, the account number of the customer/payer at the billing entity, the dollar amount due as indicated on the invoice document, and the matter billed as indicated on the invoice document, the first side having printed thereon in machine readable form the payer's bank transit/routing number the payer's bank account number, the dollar amount to be paid, and the payer's account number at the billing entity, the first side of the check document further having date and signature portions left blank to be added by the payer at the time the check document is signed by the payer, and the second side of the check document having printed thereon the endorsement of the billing entity including the name of the billing entity, the name of the billing entity's depository bank, the account number of the billing entity at the depository bank, and the transit/routing number of the depository bank.
Claim 17
Dependent Claim
251 words
An integrated bill document comprising an invoice or billing document, and a check document, the invoice document comprising a printed invoice indicating a matter billed, and including in human readable form a billing entity's name, a customer's name and address, the customer's account number at the billing entity, the invoice date, and the total dollar amount due, and the check document being in the form of a bank check having a first side and a second side with the first side having printed thereon in human readable form the customer's name and address as the payer, the billing entity's name and address, the bank name and address of the payer's bank, the account number of the customer/payer at the billing entity, the dollar amount due as indicated on the invoice document, and the matter billed as indicated on the invoice document, the first side having printed thereon in machine readable form the payer's bank transit/routing number the payer's bank account number, and the dollar amount to be paid, the first side of the check document further having date and signature portions left blank to be added by the payer at the time the check document is signed by the payer, and the second side of the check document having printed thereon the endorsement of the billing entity including the name of the billing entity, the name of the billing entity's depository bank, the account number of the billing entity at the depository bank, and the transit/routing number of the depository bank.
Claim 18
Dependent Claim
251 words
An integrated bill document comprising an invoice or billing document, and a check document, the invoice document comprising a printed invoice indicating a matter billed, and including in human readable form a billing entity's name, a customer's name and address, the customer's account number at the billing entity, the invoice date, and the total dollar amount due, and the check document being in the form of a bank check having a first side and a second side with the first side having printed thereon in human readable form the customer's name and address as the payer, the billing entity's name and address, the bank name and address of the payer's bank, the account number of the customer/payer at the billing entity, the dollar amount due as indicated on the invoice document, and the matter billed as indicated on the invoice document, the first side having printed thereon in machine readable form the payer's bank transit/routing number the payer's bank account number, and the dollar amount to be paid, the first side of the check document further having date and signature portions left blank to be added by the payer at the time the check document is signed by the payer, and the second side of the check document having printed thereon the endorsement of the billing entity including the name of the billing entity, the name of the billing entity's depository bank, the account number of the billing entity at the depository bank, and the transit/routing number of the depository bank.
Claim 19
Dependent Claim
273 words
An integrated bill comprising an invoice or billing document, and a check document which becomes a negotiable instrument after it is signed and dated by the payer and can enter a check clearing process without further data being added to the check and the check document enabling the payer's account at a depository bank to be credited, enabling the payer's account with the payer to be credited and enabling the payer's account at a drawer bank to be debited, the invoice document comprising a printed invoice indicating a matter billed, and including in human readable form a billing entity's name, a customer's name and address, the customer's account number at the billing entity, the invoice date, and the total dollar amount due, and the check document being in the form of a bank check having a first side and a second side with the first side having printed thereon in human readable form the customer's name and address as the payer, the billing entity's name and address, the bank name and address of the payer's bank, the account number of the customer/payer at the billing entity, the dollar amount due as indicated on the invoice document, and the matter billed as indicated on the invoice document, the first side having printed thereon in machine readable form the payer's bank transit/routing number the payer's bank account number, the dollar amount to be paid, the payer's account number at the billing entity, and the first side of the check document further having date and signature portions left blank to be added by the payer at the time the check document is signed by the payer.
Claim 20
Dependent Claim
273 words
An integrated bill comprising an invoice or billing document, and a check document which becomes a negotiable instrument after it is signed and dated by the payer and can enter a check clearing process without further data being added to the check and the check document enabling the payer's account at a depository bank to be credited, enabling the payer's account with the payer to be credited and enabling the payer's account at a drawer bank to be debited, the invoice document comprising a printed invoice indicating a matter billed, and including in human readable form a billing entity's name, a customer's name and address, the customer's account number at the billing entity, the invoice date, and the total dollar amount due, and the check document being in the form of a bank check having a first side and a second side with the first side having printed thereon in human readable form the customer's name and address as the payer, the billing entity's name and address, the bank name and address of the payer's bank, the account number of the customer/payer at the billing entity, the dollar amount due as indicated on the invoice document, and the matter billed as indicated on the invoice document, the first side having printed thereon in machine readable form the payer's bank transit/routing number the payer's bank account number, the dollar amount to be paid, the payer's account number at the billing entity, and the first side of the check document further having date and signature portions left blank to be added by the payer at the time the check document is signed by the payer.
Claim 21
Dependent Claim
58 words
An integrated bill as in claim 14 wherein the check document has a second side having printed thereon the endorsement of the billing entity including the name of the billing entity, the name of the billing entity's depository bank, the account number of the billing entity at the depository bank, and the transit/routing number of the depository bank.
Claim 22
Dependent Claim
29 words
An integrated bill as in claim 14 wherein the bill is in the form of a document with a check portion detachable from the invoice or billing document portion.
Claim 23
Dependent Claim
227 words
An integrated bill comprising an invoice or billing document, and a check document, the invoice document comprising a printed invoice indicating a matter billed, and including in human readable form a billing entity's name, a customer's name and address, the customer's account number at the billing entity, the invoice date, and the total dollar amount due, and the check document being in the form of a bank check having a first side and a second side with the first side having printed thereon in human readable form the customer's name and address as the payer, the bank name and address of the payer's bank the account number of the customer/payer at the billing entity, the matter billed as indicated on the invoice document, the first side having printed thereon in machine readable form the payer's bank transit/routing number, and the payer's bank account number, the first side of the check document further having date and signature portions left blank to be added by the payer at the time the check document is signed by the payer, and the second side of the check document having printed thereon the endorsement of the billing entity including the name of the billing entity, the name of the billing entity's depository bank, the account number of the billing entity at the depository bank, and the transit/routing number of the depository bank.
Claim 24
Dependent Claim
227 words
An integrated bill comprising an invoice or billing document, and a check document, the invoice document comprising a printed invoice indicating a matter billed, and including in human readable form a billing entity's name, a customer's name and address, the customer's account number at the billing entity, the invoice date, and the total dollar amount due, and the check document being in the form of a bank check having a first side and a second side with the first side having printed thereon in human readable form the customer's name and address as the payer, the bank name and address of the payer's bank the account number of the customer/payer at the billing entity, the matter billed as indicated on the invoice document, the first side having printed thereon in machine readable form the payer's bank transit/routing number, and the payer's bank account number, the first side of the check document further having date and signature portions left blank to be added by the payer at the time the check document is signed by the payer, and the second side of the check document having printed thereon the endorsement of the billing entity including the name of the billing entity, the name of the billing entity's depository bank, the account number of the billing entity at the depository bank, and the transit/routing number of the depository bank.
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USPTO Annuity & Maintenance Windows
| Annuity Stage | Window Opens | Payment Deadline | Surcharge Period Until | Estimated Fee | Status |
|---|---|---|---|---|---|
| 3.5 Years (Year 4) | 1995-06-16 | 1995-12-16 | 1996-06-16 | $2000.00 | Window Closed / Lapsed |
| 7.5 Years (Year 8) | 1999-06-16 | 1999-12-16 | 2000-06-16 | $3760.00 | Window Closed / Lapsed |
| 11.5 Years (Year 12) | 2003-06-16 | 2003-12-16 | 2004-06-16 | $7700.00 | Window Closed / Lapsed |