초록 ▼

A system and method of collecting payments an automated system to generate a draft, payable to the creditor and drawn on the payor's checking account, pursuant to the payor's authorization. The draft is then executed by the debt collector as authorized signatory for the payor, and deposited into the

A system and method of collecting payments an automated system to generate a draft, payable to the creditor and drawn on the payor's checking account, pursuant to the payor's authorization. The draft is then executed by the debt collector as authorized signatory for the payor, and deposited into the payee's account to complete payment. The automated system has a simple input screen which receives the necessary information for generation of the draft, which may be read to the system operator over the telephone by the authorizing payor. The system verifies the bank and account information by comparing the input information to records in a database associated with the system. Optionally, the system may also generate an inquiry to the bank to determine the availability of funds in the payor's account. When verification is complete, the system generates a paper bank draft payable to the payor, using MICR ink so that the draft can be processed in the banking system like an ordinary check. The signature block of the draft is made for the collection agent "as authorized signatory for" the payor.

대표청구항 ▼

[ I claim:] [1.] An automated computer-based apparatus for generating a plurality of authorized drafts on financial accounts belonging to a plurality of payers, the drafts payable to one of a fixed set of one or more payees, comprising:input means for performing an electronic information input proce

[ I claim:] [1.] An automated computer-based apparatus for generating a plurality of authorized drafts on financial accounts belonging to a plurality of payers, the drafts payable to one of a fixed set of one or more payees, comprising:input means for performing an electronic information input process wherein information is obtained specifying a new payer previously unknown to the apparatus and a draft to be generated on an account of that payer, said information including a financial institution identification number, payer account identifier, and an amount to be drafted from said payer's account;processing means connected to said input means for receiving said input information and processing said information to format a draft on said financial account payable to said payee, said draft format including identification of said financial account, identification of said financial institution holding said financial account, and an instruction to pay said amount to said payee including particular identification of said payee, and further including a signatory block for an authorizing indicia other than said payer's signature; andoutput means for transferring said draft formats to an external printing means connectable to said processing means for generating a copy of said drafts;wherein said apparatus is implemented using software which incorporates security measures for preventing fraudulent draft production, said security measures comprising the hard coding of said payee identification information in said software so that payee information appearing on said drafts cannot be readily modified by a person gaining access to said input means.