A SYSTEM AND METHOD FOR VERIFYING, SETTLING, PRINTING AND GUARANTEEING CHECKS AT A REMOTE LOCATION

摘要

The present invention relates generally to a system and method for verifying, settling, guaranteeing and printing checks at a remote location, preferably an electronic retailer's facilities, via a network, preferably the Internet, comprising the following steps: connecting a client computer (10) to a merchant server (20) at a remote location; transmitting an order from the client computer to the merchant sever; selecting payment by check; connecting the client computer to a check server (30); inputting customer data into the client computer; transmitting customer data from the client computer to the check server; transmitting customer data from the check server to a check verification server (40); transmitting an approval from the check verification server to the check server; and printing a check (50). The merchant can then cash the check as a standard bank draft.