초록 ▼

A check acceptance system provides interactive authorizations and off-line terminal approvals. A merchant uses an interactive transaction terminal to communicate with a check acceptance service\s authorization host computer. The terminal includes an electronic check reader and a magnetic stripe read

A check acceptance system provides interactive authorizations and off-line terminal approvals. A merchant uses an interactive transaction terminal to communicate with a check acceptance service\s authorization host computer. The terminal includes an electronic check reader and a magnetic stripe reader for reading magnetic stripe drivers licenses. The terminal acquires transaction data associated with a pending check transaction. The transaction data is analyzed to determine whether the transaction can be approved by the terminal. If so, an approval code is generated and a transaction packet including the transaction data and terminal approval code are stored in the terminal until subsequent communication with the host computer. If the pending transaction is not approved by the terminal, the transaction data is transmitted to the host computer. The host computer applies a risk scoring algorithm to the data to determine whether the transaction should be approved, declined, or whether additional information is needed. If the transaction is approved or declined, a response packet including authorization indicia is transmitted to the terminal. If additional data is needed, the host computer transmits prompts to the terminal. The terminal displays the prompts and the merchant enters the requested data into the terminal. A new transaction packet including the original transaction data and the additional requested data is transmitted to the host computer, where it is approved or declined.

대표청구항 ▼

A method of operating a transaction terminal to provide authorization of a payment for a transaction at the point of sale, comprising the steps of: storing in said transaction terminal predetermined risk assessment criteria; receiving at said transaction terminal transaction information correspondin

A method of operating a transaction terminal to provide authorization of a payment for a transaction at the point of sale, comprising the steps of: storing in said transaction terminal predetermined risk assessment criteria; receiving at said transaction terminal transaction information corresponding to a pending transaction; applying said risk assessment criteria to said transaction information to determine whether the risk associated with said pending transaction is low, medium, or high; in response to said risk being low, authorizing said pending transaction by providing authorization indicia; in response to said risk being medium, attempting to communicate with an authorization host system via a communication means to obtain authorization indicia; in response to said risk being high, displaying a prompt message on a display associated with said transaction terminal to prompt for entry of predetermined additional information associated with said pending transaction; receiving said predetermined additional information entered into said transaction terminal via a data entry means; and in response to receipt of said predetermined additional information entered into said transaction terminal, attempting to communicate with said authorization host system via said communication means to obtain authorization indicia.