Payment System For Issuing And Depositing Paperless Checks

摘要

A method for issuing paperless checks includes receiving a check request from a first computing device associated with a payer. The check request identifies a payee to receive a monetary amount but does not include any account information associated with the payee. In response to the check request, a paperless check is transmitted to the payee. A deposit request is received from a second computing device associated with the payee. The deposit request includes account information associated with the payee and requests deposit of the paperless check. The deposit request is validated and the monetary amount is electronically transferred from a first account associated with the payer to a second account associated with the payee.

主权项

1. A method, comprising:
receiving, by a issuing bank server, a check request from a first computing device associated with a payer, the check request identifying a payee to receive monetary amount, the check request not including any account information associated with the payee; transmitting, by the issuing bank server, a paperless check to the payee; receiving, by the issuing bank server, a deposit request from a second computing device associated with the payee, the deposit request comprising account information associated with the payee and requesting deposit of the paperless check; validating the deposit request received from the payee; and electronically transferring, by the issuing bank server, the monetary amount from a first account associated with the payer to a second account associated with the payee.