US5442162A
Expired / Lapsed
US
⏱️ 0.0 years remaining
Traveler's check and dispensing system therefor
Assignee: Foundation For Physical Sciences
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Filing: 1994-04-05
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Granted: 1995-08-15
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Expires: 2014-04-05
Abstract
Abstract An improved traveler's check issuable by a number of different institutions and substantially uniform in appearance. The traveler's check identifies on its face the individual customer to whom the check is issued. The individual identifying information includes a representation of the individual's portrait and signature and an account number, and appears on each traveler's check in a predetermined form and area. A system for issuing the improved traveler's checks includes: an identification imaging apparatus for recording the representation of the customer's portrait and signature, a central computer for storing recorded representations and customer account data, and a traveler's check dispenser through which checks may be issued upon proper request.
Inventors
- 👤 Jack Armel
Bibliographic Details
Application Number
—
Jurisdiction
US
Data Source
google_patents
Last Synchronized
2026-11-03 22:17
CPC Classifications
G; G07; G07F; G07F19/00; G07F19/20; G06; G06K; G06K19/00; G06K19/06; G06K19/08; G06K19/10; G06Q; G06Q20/00; G06Q20/04; G06Q20/042; G07C; G07C9/00; G07C9/20; G07C9/22; G07C9/25; G07C9/253; G07F17/00; G07F17/42; G07F19/203
Claims Analysis
Total Claims: 21
Claim 1
Independent Claim
185 words
A system for dispensing traveler's checks which identify on their face the individual owner of the account number under which the checks are issued, comprising: means for prerecording and storing under an account number a representation of the portrait and signature of an individual assigned said account number; means for storing blank traveler's checks, each of said checks being preprinted with a serial number and issuing bank identification; means for an individual user of the system to enter a desired monetary amount of traveler's checks and an account number; means for comparing said entered account number with assigned account numbers to generate an accept signal when the comparison is favorable; means for printing on said blank traveler's checks in the desired monetary amount said representation of the portrait and signature stored under said entered account number; and for dispensing the so printed traveler's checks in the desired monetary amount, said printing and dispensing means being responsive to said accept signal; and means for recording and storing the serial numbers of the checks dispensed, the entered account number and the date of issuance of said checks.
Claim 2
Independent Claim
185 words
A system for dispensing traveler's checks which identify on their face the individual owner of the account number under which the checks are issued, comprising: means for prerecording and storing under an account number a representation of the portrait and signature of an individual assigned said account number; means for storing blank traveler's checks, each of said checks being preprinted with a serial number and issuing bank identification; means for an individual user of the system to enter a desired monetary amount of traveler's checks and an account number; means for comparing said entered account number with assigned account numbers to generate an accept signal when the comparison is favorable; means for printing on said blank traveler's checks in the desired monetary amount said representation of the portrait and signature stored under said entered account number; and for dispensing the so printed traveler's checks in the desired monetary amount, said printing and dispensing means being responsive to said accept signal; and means for recording and storing the serial numbers of the checks dispensed, the entered account number and the date of issuance of said checks.
Claim 3
Dependent Claim
64 words
The system of claim 1, further comprising means for charging said desired monetary amount against the balance for the entered account number and further comprising: means for comparing said desired monetary amount with the monetary balance for said entered account number to generate an issue signal when the associated comparison is favorable; and said printing and dispensing means being responsive to said issue signal.
Claim 4
Dependent Claim
15 words
The system of claim 2, wherein the stored blank traveler's checks are of preprinted denominations.
Claim 5
Dependent Claim
38 words
The system of claim 3, wherein the denomination of each blank check is included in each check's serial number and wherein the means for recording and storing includes means for recording and storing the denominations of dispensed checks.
Claim 6
Dependent Claim
41 words
The system of claim 4, further comprising means for selecting denominations of traveler's checks to be printed and dispensed, and in default of making said selection, for printing and dispensing said traveler's checks so as to minimize printing and dispensing time.
Claim 7
Dependent Claim
26 words
The system of claim 5, further comprising means for limiting the number of traveler's checks of a particular denomination which may be issued at one time.
Claim 8
Dependent Claim
26 words
The system of claim 2, wherein said printing means includes means for printing the entered account number and the issue date on said blank traveler's checks.
Claim 9
Dependent Claim
44 words
The system of claim 7, wherein said printing means includes means for printing the representation of the portrait and signature stored under said entered account number, the entered account number and the issue date on each check in a consistent, predetermined form and area.
Claim 10
Dependent Claim
30 words
The system of claim 8, further comprising means for voiding dispensed defective traveler's checks and for crediting in the amount voided the account number under which the checks were issued.
Claim 11
Dependent Claim
33 words
The system of claim 9, further comprising means for providing a daily summation of dispensed traveler's checks including the denomination of each check and the account number under which each check was dispensed.
Claim 12
Independent Claim
226 words
A system for dispensing traveler's checks which identify on their face the individual owner of the account number under which the checks are issued, comprising: identification image means for recording a representation. of the portrait and signature of an individual assigned an account number; dispensing means including means for a user of the system to enter a desired monetary amount of traveler's checks and an account number, means for printing on stored blank traveler's checks in the desired monetary amount the entered account number and the representation of the portrait and signature of the individual assigned the entered account number, each of said checks being preprinted with a serial number and issuing bank identification, and means for dispensing the so printed traveler's checks in the desired monetary amount, the printing and dispensing means being responsive to an accept signal; and central computer means connected to said identification image means and said dispensing means, said central computer means including means for storing under an account number the representation of the portrait and signature of the individual assigned said account number, means for comparing the entered account number with assigned account numbers to generate an accept signal when the comparison is favorable, and means for recording and storing the amount and serial numbers of checks dispensed, the entered account number and the date of issuance of said checks.
Claim 13
Independent Claim
226 words
A system for dispensing traveler's checks which identify on their face the individual owner of the account number under which the checks are issued, comprising: identification image means for recording a representation. of the portrait and signature of an individual assigned an account number; dispensing means including means for a user of the system to enter a desired monetary amount of traveler's checks and an account number, means for printing on stored blank traveler's checks in the desired monetary amount the entered account number and the representation of the portrait and signature of the individual assigned the entered account number, each of said checks being preprinted with a serial number and issuing bank identification, and means for dispensing the so printed traveler's checks in the desired monetary amount, the printing and dispensing means being responsive to an accept signal; and central computer means connected to said identification image means and said dispensing means, said central computer means including means for storing under an account number the representation of the portrait and signature of the individual assigned said account number, means for comparing the entered account number with assigned account numbers to generate an accept signal when the comparison is favorable, and means for recording and storing the amount and serial numbers of checks dispensed, the entered account number and the date of issuance of said checks.
Claim 14
Dependent Claim
58 words
The system of claim 11, further comprising: means for charging said monetary amount against the balance for the entered account number; means for comparing said desired monetary amount with the monetary balance for said entered account number to generate an issue signal when the associated comparison is favorable; and said dispensing means being responsive to said issue signal.
Claim 15
Dependent Claim
15 words
The system of claim 12, wherein the stored blank traveler's checks are of preprinted denominations.
Claim 16
Dependent Claim
18 words
The system of claim 12, further comprising a plurality of dispensing means connected to said central computer means.
Claim 17
Dependent Claim
33 words
The system of claim 13, wherein said dispensing means includes means for voiding dispensed defective traveler's checks and for crediting in an amount voided the account number under which the checks were issued.
Claim 18
Independent Claim
131 words
A method of issuing traveler's checks of preprinted denominations from a terminal, which traveler's checks identify on their face the individual owner of the account number under which the checks are issued comprising the steps of: identifying an account number and a desired monetary amount of traveler's checks; verifying that the identified account number is one of assigned account numbers; determining from the desired monetary amount the quantity of stored blank traveler's checks of particular preprinted denominations to be dispensed; printing on said quantity of traveler's checks a representation of the portrait and signature of the individual who is assigned the identified account number, and the identified account number, each of said checks being preprinted with a serial number and issuing bank identification; and dispensing from said terminal said traveler's checks.
Claim 19
Independent Claim
131 words
A method of issuing traveler's checks of preprinted denominations from a terminal, which traveler's checks identify on their face the individual owner of the account number under which the checks are issued comprising the steps of: identifying an account number and a desired monetary amount of traveler's checks; verifying that the identified account number is one of assigned account numbers; determining from the desired monetary amount the quantity of stored blank traveler's checks of particular preprinted denominations to be dispensed; printing on said quantity of traveler's checks a representation of the portrait and signature of the individual who is assigned the identified account number, and the identified account number, each of said checks being preprinted with a serial number and issuing bank identification; and dispensing from said terminal said traveler's checks.
Claim 20
Dependent Claim
34 words
The method of claim 16 further including the step of recording and storing the serial number and denomination of each check dispensed, the identified account number and the date of issuance of said checks.
Claim 21
Dependent Claim
41 words
The method of claim 17 further including the steps of: verifying that the desired monetary amount may be validly withdrawn from the identified account number; and charging said monetary amount of traveler's check against the balance for the identified account number.
References Cited (Backward Citations)
US4777108A
Cited
US5199081A
Cited
USPTO Annuity & Maintenance Windows
| Annuity Stage | Window Opens | Payment Deadline | Surcharge Period Until | Estimated Fee | Status |
|---|---|---|---|---|---|
| 3.5 Years (Year 4) | 1998-08-14 | 1999-02-13 | 1999-08-15 | $2000.00 | Window Closed / Lapsed |
| 7.5 Years (Year 8) | 2002-08-14 | 2003-02-13 | 2003-08-15 | $3760.00 | Window Closed / Lapsed |
| 11.5 Years (Year 12) | 2006-08-14 | 2007-02-13 | 2007-08-15 | $7700.00 | Window Closed / Lapsed |